Steps to follow if you are a new user

For placing orders, you need to add funds first. Below, all quick links are provided, to acivate segment, add funds, add stocks to Watchlist , place an order and so on, followed by details of each section.

1. Activate the segments (especially Derivatives, if you are a derivative trader), Click here to know more - One time process and it's free!
   
2.  Add Funds, Click here to know more
   
3. Create Watchlist, Click here to know more
   
4. Place the order, Click here to know more
   
5. Portfolio, Click here to know more

Getting Started with Mutual Funds

Welcome to HDFC SKY! This guide will help you get started with investing in mutual funds through our platform. The mutual funds section allows users to easily navigate through the various mutual funds on offer in the market and compare them. The mutual fund portal consists of 3 main sections – Dashboard, Orderbook, Portfolio.

Dashboard

First, you will find the “Explore Mutual Funds” section that allows you to find mutual funds based on your preference such as –

1. Through searching
2. SKY Recommendation
3. Various Collections
4. Market Movers
5. Top AMCs
6. NFO (New Fund Offering)   
   

• Click on any of the above to see the entire list under each category. The list contains the name of the fund, the rating (e.g. 5 star), the category of fund in terms of asset (e.g. ‘equity’), strategy (e.g. ‘index fund’) and the returns of the fund. 
  
• The time frame of the funds returns may be adjusted by clicking the arrows beside the time frame mentioned on the top right corner of the list.

If you want to ignore the suggested funds and want to search funds on your own, you can use the search bar. The search bar will also give you the exact same details for the funds.

Once you choose a fund in order to know further details about it, you can click on the fund – this will take you to its details page that has 4 sections that are the following:

1. Overview 
2. Scheme details
3. Fund holdings
4. Peers

Overview

 

This section shows basic details about the fund such as –

1. Percentage returns over different time frames through a chart – you can change the time frame by clicking the time frame options just below the chart. You can also check the daily returns of the fund on any given day within the chosen time frame by simply clicking (and gently scrolling if needed) on the chart and below the chart, there is a returns calculator.
2. Net Asset Value (NAV)
3. ARQ ratings 
4. Category of fund (e.g. midcap fund)
5. Number of SKY users who have invested in this fund.
6. Month and year when the fund was started
7. The minimum investment needed for SIP and Lumpsum
8. Lock-in period
9. Returns from past performance of the fund – this measures how much returns would have been given by an investment (SIP or Lumpsum) over a given duration. You can simply click on the mode of investment (SIP or Lumpsum) and then adjust the amount and duration of investment by clicking (or moving finger) on the bars adjacent to them. The exercise will give you –
1. What amount of investment would have been required in total
2. How much money would have been gained
3. The percentage return gained
4. The amount received on maturity

Scheme Details

 

This section would give you the following pieces of information – 

1. Fund Size
2. Expense Ratio
3. Exit Load
4. Name of the fund manager(s).
5. Lock-in Period
6. Minimum Lumpsum Investment amount
7. Min SIP investment amount

If you cannot recall the meaning of these terms, then you can easily click on the “i” icon beside the heading and you will get the explanations.

Fund Holdings

 

This section shows what proportion of the fund has been invested in which company and sectors. 

Below this, you can also see Popular Comparison of funds and can compare up to 5 funds.

Peer Comparison

Here you can see a list of similar funds with their ratings and returns. You can compare the fund’s performance not only to funds of other companies but also to other funds managed by the same company as well.

How to Invest?

• Once you choose a fund, you can invest in the fund directly by clicking on either the Start SIP or Lumpsum button.

• Enter the amount that you want to invest under “Enter Instalment Amount”. 
• Further down you will see when your next SIP payment will take place. 
• Click on the “Proceed” button at the bottom to begin the SIP investment.
• If you don’t have an autopay mandate, it will ask you to approve mandate which will be linked to your bank account.
• HDFC SKY will allow you to set up AutoPay mandate within 6 working days from your first SIP order placed. If you fail to setup AutoPay in T+6 days, your first SIP will get cancelled.

The process for a Lumpsum investment is similar as you just have to enter an investment amount and the transaction charges will be shown below. However, here there will be no provision for future payments.

Portfolio

• The first thing shown here is the returns gained on your amount of investment made by you so far.
• Clicking on the “i” button will help you to understand all the terms in detail.
• All the funds which you have invested in will be listed in this section with their profit and loss.
• Clicking on any of the fund here will give you a detailed summary of that fund and you will be also able to track your order transaction history here.

How to Redeem?

• In your Portfolio, click on the fund that you want to redeem, and then click on the “Redeem” button.
• On the next screen, it will show you available units to redeem and based on that ask you to enter units and there is an extra option of “Redeem All”.
• Clicking on the Proceed button will place your Redeem order and will also inform you about the date by which the amount will be credited to your bank account.
• Further, SKY will ask you for authorisation on the next screen select the fund and units to be authorised.
• Here you have two options as: Generate T-PIN and I know my T-PIN. 
• Click on Continue to CDSL.
• Enter the TPIN and click on Verify.
• Place the redemption request again.

Note: A CDSL TPIN is needed to authorise debiting mutual fund units from the demat account when redeeming or selling mutual fund holdings. CDSL TPIN is sent on the registered mobile number and in an email from edis@cdslindia.com. CDSL TPIN can also be generated from edis.cdslindia.com/home/generatepin.

Did you know? The authorisation is valid for a maximum of one day (until 11:59 PM), after which the holdings will have to be authorised once again.