HDFC Bank SmartWealth

Below are the key features of the HDFC Bank SmartWealth

• Seamless Onboarding: Experience features without registration. Easy digital onboarding for instant investing.
• Investment Profiling: Evaluate your risk tolerance and investment preferences to build a personalized investment strategy.
• Portfolio Construction and Rebalancing: Customized approach, portfolios and rebalancing for SmartJars.
• Investment Journey: Milestone-based planning, DIY fund investments, and visualization of life dreams.
• Engaging Dashboard:Comprehensive view of investments with a dashboard. It shows the customer's total market value, family wealth, SmartJars status, SIP calendar, and detailed analytics across various assets, products, and instruments.
• Consolidated Account Statements: Import External Investments for one-place view of all Mutual Funds. Automated statements and reporting.
• My Money: Track bank accounts, book deposits via external funds, and monitor stocks & ETFs— all in one place.

HDFC Bank SmartWealth offers a wide selection of investment products that provides you with the right choices to build a diversified portfolio and reach your financial milestones. Below are the range of products available on HDFC Bank SmartWealth.

• Mutual Funds
• Insurance
• HDFC Bank Fixed Deposits, Recurring Deposits and Tax Saver Deposits
• Bonds, Stocks and ETFs (through HDFC Securities)

You can invest through HDFC Bank SmartWealth if you are an Indian resident, 18 years or older, and have an HDFC Bank savings account (Single or Either/Survivor). Your PAN must be KYC-registered and compliant with SEBI guidelines. You can check your PAN KYC status at https://camskra.com

To start investing through HDFC Bank SmartWealth, you need to have an HDFC Bank savings account. If you don't have one yet, don't worry! You can easily open a savings account through the app itself. Our userfriendly interface and hassle-free account opening process will guide you through every step of the way.

No.

To start investing through HDFC Bank SmartWealth, you need to have an HDFC Bank savings account. Now, we do not support investment through current accounts. But don't worry! You can easily open an HDFC Bank savings account through the HDFC Bank SmartWealth itself. Our user-friendly interface and hassle-free account opening process will guide you through every step of the way.

No, currently the HDFC Bank SmartWealth only supports Resident Indian account holders only.

An HDFC Bank SmartWealth account is a unique investment services account that gives you complete control of your investments. With this account, you can purchase, redeem, and switch funds as per your investment preferences, all with just a few taps on your smartphone. The best part? There are no additional charges for opening an investment account with HDFC Bank SmartWealth.

• Download the HDFC Bank SmartWealth application from the App/Play Store
• Sign up using your mobile number and authenticate with OTP.
• Enter PAN or DOB 
• Enter your Net Banking or debit card details and tap on continue.
• Create a 4-digit mPIN of your choice.
• Enable biometric authentication (Optional).
• Verify and edit details.
• Select an existing nominee or add a new one.
• Review your account details > tap on continue.
• If your Mutual Fund KYC is not completed, you will be redirected to register for Mutual Fund KYC and complete the process
• Once done, you would be ready to start investing using the HDFC Bank SmartWealth.

You may be unable to onboard due to one or more of the following reasons:

• Bank KYC/Re-KYC Due: Your KYC process with the bank is pending.
• No Active Savings Account: You need an active individual savings account with the bank.
• PAN and Aadhaar Not Linked: Ensure your PAN and Aadhar are linked.
• PAN/Email Not Available: Your PAN or email address may not be available in the bank’s records.
• No Indian Mobile Number: You must have an active Indian mobile number registered with the bank.

No, currently the HDFC Bank SmartWealth only supports single account holders. Joint holders cannot be added at this time.

No, you can only have one account per user at the moment.

You will need to update each bank account with a unique mobile number, after which you will be able to complete the registration process.

You can add up to 3 nominees while onboarding to HDFC Bank SmartWealth.

Banks require periodic KYC updates. Hence the app will restrict you from onboarding if your your bank's KYC update is due. To resolve this, please update your KYC info with the bank. You can do so by visiting the following link: https://www.hdfc.bank.in/xpressway/insta-services For further assistance, you can reach out to your bank’s customer service or visit your nearest branch

If you fail to link your Aadhaar and PAN, the following consequences may apply:

• Penalty: Non-linking of PAN with Aadhaar can attract a penalty as per Section 139AA of the Income Tax Act, 1961.
• Inoperative PAN: Your PAN card may become inoperative until it is linked with Aadhaar.
• Higher TDS/TCS Deduction: If your PAN is not linked with Aadhaar, TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) deductions will be subject to a higher rate applicable to cases where PAN is not provided.
• Transaction Limitation: You may not be able to carry out transactions involving amounts exceeding ₹50,000.
• Mutual Fund Restrictions: Without linking your Aadhaar and PAN, you will not be able to invest in or redeem mutual funds.
• FD Booking Limitation: Booking fixed deposits (FDs) above ₹50,000 may not be possible.

You can check the status of your PAN – Aadhaar linkage on the link mentioned below: https://eportal.incometax.gov.in/iec/foservices/#/pre-login/link-aadhaar-status

If you are unable to link your Aadhaar with PAN due to a mismatch in your name, phone number, or date of birth, follow these steps to resolve the issue:

• Correct PAN Details: Visit the TIN-NSDL website to update your PAN details. Provide the necessary documents and follow the instructions to make the required corrections.
• Correct Aadhaar Details: Access the UIDAI website to correct any discrepancies in your Aadhaar information. Submit the necessary documents and follow the guidelines provided to update your details.

By ensuring that both your PAN and Aadhaar have matching details, you will be able to link them successfully.

Aadhaar-PAN linking is currently not mandatory for the following individuals:

• Residents of Assam, Jammu and Kashmir, and Meghalaya.
• Non-residents as defined by the Income Tax Act, 1961.
• Individuals aged eighty years or above at any time during the previous year.
• Non-citizens of India.

MF KYC is a one-time process that's required by SEBI for investing in mutual funds.

You need to keep the following documents handy for completing the MF KYC process:

• PAN Card.
• Registered mobile number and email address associated with your Aadhaar for receiving the OTP.
• A bank cheque leaf with the user’s name printed, and the user must be the first holder.
• Signature image.

No, you cannot invest in mutual funds if your MF KYC process is still pending. You must complete your MF KYC registration, and it should be verified/ validated before investing in mutual funds, as per the regulatory guidelines. In the meantime, you can book deposits and explore the app.

After submitting your MF KYC, CAMS will process your information and verify your documents according to regulatory guidelines. Once your information is verified, your MF KYC status will be marked as verified/validated, allowing you to seamlessly access HDFC Bank SmartWealth’s Mutual Fund investment services.

To purchase new funds, your KYC information must be validated by a central agency (KRA) as per new SEBI regulations. If not validated, your orders may be rejected.

MF KYC confirmation could fail due to missing Aadhaar details or pending verification of your email and mobile.

To resolve this, complete the MF KYC process by visiting Registrar & Transfer Agent’s (RTA) Website. It may take 3-5 working days to confirm your KYC.

• Visit any Mutual Fund’s or Registrar & Transfer Agent’s (RTA) Website where you have an investment.
• Check for ‘KYC Status’ link, if available.
• Else, visit https://karvykra.com and click on KYC Inquiry
• Enter your 10-digit PAN and Captcha and click on Submit.

Yes, if a mutual fund KYC application form is incomplete or lacks mandatory documentation, it may be rejected. If your MF KYC is rejected, you will not be allowed to invest in mutual funds. You will need to reinitiate the MF KYC.

Here’s why you should invest in mutual funds through HDFC Bank SmartWealth: 

• Digitally invest within minutes.
• Invest in a range of funds across asset classes and fund categories.
• Get access to invest in new fund offers (NFOs).
• Invest with as less as ₹100.
• Get portfolio recommendations, insights, and content based on your investment profile.
• Make secure payments directly from your linked HDFC Bank savings account.
• Get regular updates on tracking, evaluating, and re-balancing your portfolios.    

If you are an existing HDFC Bank customer, you can start investing immediately through HDFC Bank SmartWealth. Our user-friendly interface and hassle-free investment process make it easy for you to start investing right away.

If you are in the process of opening a new savings bank account with HDFC Bank, you can start investing as soon as your account is active. Our platform will guide you through every step of the way, ensuring a seamless experience for you

You can start investing an amount as low as ₹100 in HDFC Bank SmartWealth depending on the fund house and scheme you would wish to invest in.

However, some features have amount limitations. They are:

• Portfolio for SIP will be recommended for SIP amounts greater than ₹5,000 per month and Lumpsum will be recommended for amounts greater than ₹10,000. 
• A new SmartJar can be set up for amounts greater than ₹50,000. 
• When re-balancing gets triggered, the system will give an alert for re-balancing – the user will be able to proceed only if:
  • the existing corpus is >₹10,000 mapped to the SmartJar. In case, the amount is less than ₹10,000, the investor will be re-directed to the DIY journey.
  • the SIP to be started/added is >₹5,000 per month. In case, the amount is less than ₹5,000, the investor will be re-directed to the DIY journey.

Below are the MF transactions available on HDFC Bank SmartWealth:

• Buy/Purchase
• Sell/Redeem
• Switch
• Systematic Investment Plan (SIP)
• Systematic Transfer Plan (STP)
• Systematic Withdrawal Plan (SWP)

Yes. The platform offers investing in Mutual Funds. SIP (Systematic Investment Plan) is one of the modes of investing – it is considered a disciplined way of investing. Lumpsum, STP (Systematic Transfer Plan), Switch are other ways of investing in Mutual Funds.

It’s a DIY platform. There are mini tiles in the Discover/Invest section to select mutual funds.

Under each mini tile, mutual funds recommended by HDFC Bank Research Team are tagged as ‘Recommended’. Further, under Top rated funds – only all recommended funds show up.

SmartWealth permits investments only once the investor has set an investment profile. When a fund is selected that is not suitable based on the investment profile, a notification appears.

Yes. Ongoing and upcoming NFOs are available on HDFC Bank SmartWealth. If an NFO is recommended by HDFC Bank Research, a “Recommended” tag will be displayed.

Yes, you have the flexibility to invest in any fund of your choice. 

Below are the steps to start investing in the funds of your choice:

• Tap on the search icon or go to ‘Explore and Invest’ section on the Discover/Invest page, enter the scheme name or use the various filters to search for a specific fund.    
• Select ‘+Add’ CTA to add the funds to cart.
• Select investment mode > Monthly SIP or Lump sum
• Review the investments in your cart, accept the terms and conditions, and select 'Place Order'. Enter the OTP to finalize the transaction.

Absolutely! You have the flexibility to perform multiple transactions simultaneously. By adding them to your Investment Cart, you can conveniently execute all the transactions in one go.

Absolutely! Your Investment Cart is designed to store the details of your transactions until you're ready to execute them. Remember, your Investment Cart is always saved and accessible whenever you log in, allowing you to conveniently execute the transactions at a time that suits you best.

Certainly! If you want to remove a specific scheme from your Investment Cart, you can do so easily. Simply tap the delete icon next to the scheme in the Investment Cart to remove it.

Yes, the HDFC Bank SmartWealth allows you to set up same-day SIPs, subject to specific cut-off timings and fund requirements.

If the cut-off time is missed, the SIP will be processed on the next business day.

Modifying or cancelling a same-day SIP after it has been initiated is not possible due to the immediate processing timeline

Yes, by investing in specific mutual funds like ELSS (Equity Linked Savings Scheme), you can save on taxes. These investments qualify for tax deductions under Section 80C of the Income Tax Act, helping you reduce your taxable income. 

The NAV applicable will be based on the business day when the purchase request is processed, as per the cut-off timing:

Any requests received after the cut-off time will be processed on the next business day.

The NAV applicable will depend on the business day when the redemption/sell request is processed, as per the cut-off timing:

Requests received after the cut-off time will be processed on the next business day.

Yes, you can place your request even on a holiday. However, such requests will be processed on the next business day and NAVs will apply as per the mutual fund offer document. Your account will be debited as soon as the order is placed, and you can track all transactions in the “Order History.” 

Mutual fund NAVs are updated daily after-market hours, from Monday to Friday, based on the previous trading day's value. NAVs are not updated on weekends (Saturday and Sunday) as the market is closed. Please note that for certain special mutual funds (FoFs), the NAV is updated weekly. If you believe your mutual fund’s NAV is not being updated, feel free to contact customer support at smartwealth@hdfc.bank.in

• Your investments are sent for processing to the respective AMCs on the same day if you have invested on a business day before the cut-off timing that day.
• If you have invested on a non- business day or after the cut-off timing, then the investments are sent for processing on the next business day.
• The AMCs can take about 3-5 business days to process the investment. 
• The dashboard gets updated as soon as we receive confirmation from the AMC. Till then the order would be shown as ‘In process’ under the Dashboard Overview tab in the HDFC Bank SmartWealth.

Once the order is placed, you will be shown an immediate confirmation on the screen. Each time you invest through HDFC Bank SmartWealth, you will receive an SMS & email confirmation that you initiated the transaction.

If your order has failed, any amount that was debited from your bank account will be refunded back to that account within 7 working days.

Login to HDFC Bank SmartWealth > Navigate to More menu > Order history.

Login to HDFC Bank SmartWealth > Navigate to Dashboard > Overview Tab > Transactions under process.

Login to HDFC Bank SmartWealth and select ‘Dashboard’ option available at bottom navigation bar.

• Select Holdings > Mutual fund.
• Select the schemes from which you wish to sell. Select ‘Sell’. 
• Select sell by Amount or Units (You can tap on ‘Full units’ to sell all available holdings. Alternatively, you can also choose to sell partial units or partial amount.)
• Enter the amount / number of units you wish to sell and tap on continue.
• Your order will be placed successfully once the OTP has been verified.

Yes. You can withdraw partial amount/units whenever you like except in the case of Equity Linked Savings Schemes (ELSS). You can withdraw fully/partially only after 3 years in case of Equity Linked Savings Schemes (ELSS).

As per the AMC & SEBI guidelines, the payout is done between 2-10 business days but in practice, redemptions are credited within 1-5 business days depending on the type of the scheme and are credited directly into your linked HDFC Bank Savings A/c. 

• Liquid funds: T+1 business day
• Debt funds: T+2 business days
• Equity funds: T+3 business days
• International funds: T+5 or more business days

(T is the date the order was approved.)

Delays in updates from AMCs and RTAs may cause your dashboard to take longer to update, even if the money has been credited to your account. We suggest that you check your bank account before raising this with our support team.

This situation can occur when you place a redemption order via 'Units' or 'Redeem All.' The final Net Asset Value (NAV) applicable to your order is declared after the market closes (typically late at night or the next day). NAVs are set by the Asset Management Companies (AMCs) for each fund. Therefore, the final amount received might differ from the original order value. You will receive amount according to latest NAV.

In practice, AMCs make redemption payment in T+1 day in respect of Liquid and Debt Funds and in T+2 days in respect of all Equity funds, where T is the date of receipt of the redemption request (subject to applicable cut off time for receipt of a redemption requests). The payout will be credited directly into your linked HDFC Bank’s Savings account.

Dividends will be credited by the AMC directly into your linked HDFC Bank Savings Account.

Exit load is a fee payable to a mutual fund house for existing a fund (fully or partially) before the completion of a specified period form the date of investment.

A Systematic Investment Plan (SIP) is an investment option offered by mutual funds that allows investors to invest a predefined set of amounts at regular intervals. 

The key advantage of SIPs is that they help investors benefit from rupee-cost averaging. This means that when the market is down, investors automatically acquire more mutual fund units with the same investment amount. Conversely, when the market is up, investors acquire fewer units with the same investment amount. This approach helps investors to avoid the risk of timing the market and results in an average cost per unit.

If your SIP falls under a non-business day, then SIP will get processed on the next business day. 

A Systematic Transfer Plan (STP) is an investment option offered by mutual funds that allows you to transfer a fixed amount or a specific number of units from an existing scheme to another scheme of the same fund house under the same folio. This transfer is made on specific dates defined by the Asset Management Company (AMC). The units transferred will reflect in the portfolio in T+3 days from the date of transfer.

No, it is not possible to carry out a Systematic Transfer Plan (STP) between mutual fund schemes of different Asset Management Companies (AMCs). For an STP, both the ‘Out fund’ (the fund you are transferring from) and the ‘In fund’ (the fund you are transferring to) must belong to the same AMC.

A Systematic Investment Plan (SIP) is a facility which allows the investor to invest a fixed amount at predetermined intervals into a mutual fund scheme whereas a Systematic Transfer Plan (STP) is a facility which moves a fixed amount from one scheme (source scheme) to another scheme (target scheme) at pre-determined intervals.  

No, an investor cannot modify the STP amount, instead start a new STP with desired amount by filling in new details and cancelling the existing STP.

A Systematic Withdrawal Plan (SWP) allows you to withdraw a fixed amount from an existing fund at fixed frequencies, dates defined by the AMC. The transaction will be processed within 2-4 days as per the scheme TAT and the redemption proceed will be credited directly into your linked HDFC Bank Savings Account.

Login to HDFC Bank SmartWealth and select ‘Dashboard’ option available at the bottom navigation bar

• Select Holdings > Mutual funds
• Select the scheme from which you want to initiate an SWP
• Select ‘SWP’ from Quick Actions
• Select SmartJar for SWP
• Select SWP Date, no. of instalments and the Amount
• Your order will be placed successfully once the OTP has been verified.

Login to HDFC Bank SmartWealth and select ‘Dashboard’ option available at the bottom navigation bar

• Select Holdings > Mutual funds
• Select the scheme from which you wish to perform STP
• Select ‘STP’ from Quick Actions
• Select SmartJar for STP
• Select “To scheme” along with the STP date, number of instalments, and the amount
• Your order will be placed successfully once the OTP has been verified.

Switch refers to switching or transferring the amount/units from one scheme to another within the same fund house. 

• To place a Switch request, follow the below steps:
• Login to HDFC Bank SmartWealth and select ‘Dashboard’ option available at the bottom navigation bar
• Select Holdings > Mutual funds. 
• Select the scheme from which you wish to Switch.
• Select ‘Switch’ from Quick Actions
• Select SmartJar for Switch
• Select “To scheme” along with the Switch date, number of instalments, and the amount/units
• Your order will be placed successfully once the OTP has been verified.

If you switch the fund from scheme ‘A’, the accumulated units till date will be switched to scheme ‘B’. 

Your existing SIP in scheme ‘A’ will continue for the registered tenor. If you wish to discontinue with the existing SIPs of scheme ‘A’, you need to cancel the same.

• If there are insufficient funds in your bank account, the SIP instalment debit will fail and that instalment will be missed. The SIP will remain active unless this occurs for the first instalment.
• The SIP will be terminated if the first instalment debit fails or if three consecutive SIP instalments are either paused or not successfully debited.

No, you can’t change your existing SIP amount. However, you can stop your current SIP and start a new one with a different amount.

No, it's generally not possible to cancel a transaction on your HDFC Bank SmartWealth investment account once it has been placed.  

However, an SIP/STP/SWP transaction can be cancelled before the date of transaction execution. Lump sum transactions cannot be cancelled once an order has been placed.

Yes, you can pause your SIP/SWP/STP for a period of up to two instalments.  

• Login to HDFC Bank SmartWealth
• Go to the Systematic Calendar
• Select the mutual fund scheme. 
• Go to Quick Actions >> Tap on ‘Pause.’
• Choose the No. of Instalments >> tap on ‘Pause.’ 

To cancel your ongoing SIP/SWP/STP, follow these steps:

• Login to HDFC Bank SmartWealth.
• Go to the Systematic Calendar
• Select the mutual fund scheme. 
• Go to Quick Actions >> tap on ‘Stop’
• Select your reason for cancellation
• Confirm by clicking ‘Stop’ once more.

Note: Cancelling will stop future instalments, but your invested amounts will remain.

There is no limit on the total number of SIP instalments you can skip over the lifetime of your SIP. However, you can skip a maximum of 2 consecutive instalments at a time. Additional skip requests can be placed, subject to the applicable conditions and timelines.

Important Notes:

• Skip requests cannot be submitted on the SIP debit date. You can place a skip request up to one day before the SIP due date.
• If 3 consecutive SIP instalments are missed, the SIP may be cancelled/ terminated by the AMC
• Once a SIP is cancelled by the AMC, it cannot be reactivated. To continue investing, you will need to create a new SIP.

An Investment Profile is an assessment of a customer's risk appetite and investment preferences. It helps determine whether an investment is suitable for the customer and forms the basis for investment recommendations and suitability checks.

There are 5 types of investment profiles on HDFC Bank SmartWealth: Risk Averse, Conservative, Moderate, Aggressive, Very Aggressive

The investment profile is valid for a period of two years, after which it expires and must be reassessed and set again.

Your investment profile is crucial because it allows us to provide tailored recommendations and suggestions for mutual fund schemes based on your risk appetite and tolerance.

The customer completes a questionnaire covering various aspects such as:

• Source of funds
• Age
• Investment experience
• Investment horizon
• Risk tolerance
• Financial preferences

Each response is assigned a predefined score, and the final profile is determined based on the cumulative score across all responses.

Yes. A valid and active Investment Profile is required to invest in Mutual Funds.

You need to renew your Investment Profile:

• When your existing profile expires.
• When you want to reassess your investment profile after the 6-month lock-in period due to changes in your investment preferences, goals, or risk appetite.

No. Your existing SIPs will continue without any changes.

To determine your investment profile on the HDFC Bank SmartWealth, follow these steps: 

• After logging into the HDFC Bank SmartWealth, navigate to the bottom of the screen and select the 'More' section. OR within the 'Discover' section, choose the option 'Investment Profile'.
• Upon selecting 'Investment Profile', you will be presented with an option to 'Get Your Investment Profile Evaluated'. By choosing this option, you will be asked to answer few quick questions. These questions will help evaluate and determine your investment profile.

The existing investments are not impacted in terms of change in value. However, existing SmartJars or unmapped investments may experience change in recommendations basis the change in investment profile. The future recommendations may be different basis new investment profile. The recommendation/re-balancing engine will alert the investor to review existing investments, if required.

Suitability refers to evaluating whether an investment matches your Investment Profile and level of risk tolerance, helping ensure that the investment is aligned with your preferences and objectives.

No. Suitability is designed to help you make informed investment decisions. If an investment does not match your risk profile, we will alert you to the potential risks and seek your confirmation before allowing the transaction to proceed.

Yes. You can continue with the investment after reviewing and accepting the suitability declaration.

Yes. You can remove or deselect unsuitable schemes and proceed with the remaining investment(s).

The section includes a few pre-defined SmartJars and an option to create a customized SmartJar. The investor can select a SmartJar and initiate the SmartJar creation journey.

You can create the following SmartJars:

• Dream Home: Saving for your ideal home.
• Dream Car: Saving for your dream car.
• Ideal Wedding: Saving for your dream wedding.
• Wealth Creation: Saving for long-term wealth accumulation.
• Golden Years: Saving for a comfortable retirement.
• Study Abroad: Saving for education expenses abroad.
• Exotic Vacation: Saving for a luxurious vacation.
• Customized SmartJar: Creating a SmartJar that is not listed above.

To create a SIP in SmartJars on HDFC Bank SmartWealth, follow these steps:

• Login to HDFC Bank SmartWealth.
• Navigate to the ‘Discover’ section.
• Select a specific SmartJar you want to work towards.
• Set up the SmartJar by providing essential details such as the SmartJar name, target amount, and target year.
• Choose the SIP (Systematic Investment Plan) option.
• The SIP amount, number of instalments and tenure will be auto populated by the system.
• Review and update the SIP amount, date, and the number of investments.
• Check the available balance in your account
• Finally, tap on ‘Invest Now’ to initiate the SIP investment process.

There are no limits on the number of SmartJars you can set on HDFC Bank SmartWealth  

To view your unmapped investments on HDFC Bank SmartWealth, follow these steps:

• Login to HDFC Bank SmartWealth.
• Select the Dashboard option available in the bottom navigation bar.
• Navigate to the 'Holdings' tab >> Mutual Funds
• Tap on ‘Review’ to look for the 'Unmapped Investments'.

To map an investment to your existing SmartJar(s) in HDFC Bank SmartWealth, follow these steps: 

• Login to HDFC Bank SmartWealth and go to the Dashboard.
• Navigate to the 'Holdings' tab >> Mutual Funds
• Tap on 'Review' and go to 'Holdings' under 'Unmapped Investments’.
• Select the mutual fund scheme and tap the pencil icon next to 'Tagged to SmartJar’
• Choose the desired SmartJar, enter the amount, then confirm

Yes. You can map a single investment to multiple SmartJars from the HDFC Bank SmartWealth, follow these steps: 

• Login to HDFC Bank SmartWealth and go to the Dashboard.
• Navigate to the ‘SmartJars’ tab.
• Select the SmartJars /Unmapped> Tap on Holdings.
• Select the mutual fund scheme > SmartJar Mapped > tap on Pencil icon> Map holdings to another SmartJar.
• Select the desired SmartJar, enter the amount, then confirm 

Follow these steps to create a new SmartJar and begin investing with HDFC Bank SmartWealth:

• Login to HDFC Bank SmartWealth and select “Create SmartJars.
• Choose the desired SmartJar you want to create.
• Enter the SmartJar name, target amount, and target year.
• Select whether you want to invest through SIP, lump sum, or both.
• Choose an available basket or create your own, then continue. 

Users will be provided with 3 suggestions (Basket 1, Basket 2, Basket 3). While the asset allocation remains same the 3 baskets may differ in the choice of underlying schemes.

To edit a SmartJar on HDFC Bank SmartWealth, follow these simple steps:

• Login to HDFC Bank SmartWealth and go to Dashboard and then select ‘SmartJars.’
• Choose the specific SmartJar you want to edit or update.
• Tap on the Pencil Icon to make changes.
• Edit the SmartJar name, target date, amount, or all according to your updated preferences.
• Once you've made the necessary changes, tap on ‘Save.’

Rebalancing, in simple words, means aligning the portfolio to risk profile and/or adding more investments to meet any SmartJar where there is a shortfall risk or allocation deviation.

Once you have made an investment in a SmartJar, our rebalancing engine will review the portfolio on a real time basis and provide suggestions/recommendations whenever your portfolio goes off the track due to below events:

• Changes in your Investment profile.
• Sharp movements in market.
• Change in fund dynamics.
• Transaction executed in the portfolio.
• Change in SmartJar(s).

No, it's not necessary. You can invest by selecting mutual funds from the search bar, or alternatively, you can scroll through the mini tiles to make investments.

The calculator monitors your portfolio for (a) projected shortfall and/or (b) asset allocation deviation more than 10% of suggested allocation over 4 weeks consecutively. It also monitors for (a) projected shortfall and/or (b) deviation more than 20% daily. Review of holdings may be considered.  

When ‘Needs Attention’ shows up, it is an alert to inform the investor of any deviation or shortfall. The investor can choose to proceed with rebalancing or ignore.

Following are the available options on HDFC Bank SmartWealth for rebalancing your SmartJars (getting the SmartJar on track)

• Align your Portfolio 
  You need to realign your portfolio and will be given a recommendation to change scheme.
• Additional Investment
  Investment amount is insufficient to reach your SmartJar target and it requires revision, recommendation can be either lumpsum or SIP or Both. 
• Align your portfolio + Additional Investment

You may be suggested to align your portfolio (A) and to add additional investment (B).

You can find rebalancing suggestions for your mutual fund investments at HDFC Bank SmartWealth. Here's how:

• On the Dashboard Overview/ SmartJars page, you will see a 'Needs Attention' alert.
• Tap on this alert to access the 'Rebalancing Screen.'
• In the 'Rebalancing Screen,' you will find various types of recommendations, depending on your portfolio's situation.
• These recommendations may include suggestions to buy more through lump sum or SIP, stop SIP, or sell specific investments.
• The algorithm aims to balance your portfolio by matching buy and sell amounts or aligning existing SIPs with new investments.
• By checking the 'Rebalancing Screen' through the 'Needs Attention' alert, you can view and act upon the rebalancing suggestions for your mutual fund investments.

Yes. Rebalancing may require re-allocating existing investments or bring in additional funds in case of shortfall. The investor has the choice to proceed with recommendations, partially or fully, or completely ignore them. In case of shortfall, the investor may choose to add more funds or simply re-allocate. Furthermore, the investor also has the choice of mapping held away investments.

The calculators assisting in setting up SmartJars assume equities to grow at 10% p.a. Similarly, Debt and Gold are expected to grow at 6% p.a. The rates have been assumed basis empirical evidence of 20+ year back testing.

Deviation, in simple words, means that there is a divergence between actual allocation and smart allocation, which may result in portfolio performance not in line with expectations/risk appetite.

Yes, there are multiple portfolios created with various combinations of investment profile, mode of investment (SIP/Lumpsum/combination of both), time horizon buckets (0-2 years, 2-3 years, 3-4 years, 4- 5 years, 5-7 years, 7-10 years, 10.15 years, 15+ years).

The recommended investment portfolio is logic based. The combination of funds is selected basis recommended investment value and mode of investment when setting up new SmartJars. Current value of the portfolio plays a role at the time of rebalancing.

• SIPs:
  • MINI SIP portfolio is recommended for all cases when SmartJars are being set or re-balancing gets triggered irrespective of the amount of SIP.  
  • Exception: In case, the existing investment is greater than ₹5L, it recommends MINI + GOLD portfolio provided the additional SIP investment amount required is greater than ₹20,000 per month.
• Lump sum:
  • MINI Lump sum portfolio is recommended for all cases where investment amount is less than ₹5 Lac for a new SmartJar, or the current value is less than ₹5 Lac when re-balancing gets triggered. A portfolio created as MINI + GOLD Portfolio, if the value of the portfolio falls below ₹5 Lac when re-balancing gets triggered, it is re-balanced with MINI portfolio recommendations.
  • MINI + GOLD Lump sum portfolio is recommended for all cases where investment amount is greater than ₹5 Lac for a new SmartJar. For a MINI Portfolio, if the current value is greater than ₹5 Lac, when re-balancing gets triggered, it is re-balanced with MINI + GOLD recommendations.

Empirical evidence suggests that equity is a volatile asset class. For portfolios with residual investment horizons up to 2 years, the calculators recommend allocating funds to liquid and arbitrage category to mitigate all risk.

Empirical evidence suggests that although equity is a volatile asset class, over longer term, the impact of risk is much lower and the probability to deliver better returns is higher. Hence, as the time horizon for a SmartJar increases, the equity allocation goes up and vice versa. This is also applicable for existing SmartJars – the graded reduction in equity continues to get recommended as per the calculator.

Yes. The funds can be redeemed at any point in time subject to fund terms and conditions and applicable exit load.

All transactions that were not initiated via a SmartJar, such as DIY or transactions fetched via CAS, will be default mapped as unmapped investments, which the customer can pick and map. No, it is not mandatory to map an investment against a SmartJar.

By default, any investment made through HDFC Bank SmartWealth will be mapped to ‘Unmapped Investments’ unless it is associated with a specific SmartJar during the setup flow.

For existing investments, investors are allowed to map/unmap them to any SmartJar multiple times. Similarly, any investment imported through CAS will be initially mapped to ‘Unmapped Investments’ unless it is later mapped to a specific SmartJar. 

Yes, you can rebalance unmapped investments via the steps given below:

• Login to HDFC Bank SmartWealth > Navigate to Dashboard > Holdings
• Select ‘Needs Attention’ > ‘Rebalance Now’ > Continue.
• Select SIP or Lumpsum or Both
• Select ‘Start Rebalancing’ 
• Review the ‘Investment Cart’
• Your order will be placed successfully once you tap on ‘Invest Now.’  

A fixed deposit is a type of investment where you deposit a specific amount of money for a fixed duration. It is a secure investment option that provides higher interest rates compared to regular savings accounts. Fixed Deposit terms can vary from 7 days to 10 years.

A Fixed Deposit can be opened for a minimum tenure of 7 days and a maximum tenure of 10 years.

• HDFC Bank Fixed Deposits offer attractive and secure returns across a wide tenure.
• You can check the latest and updated Interest Rates here https://www.hdfc.bank.in/interest-rates

To book Fixed Deposits using the HDFC Bank SmartWealth, follow these simple steps:

• Log in to HDFC Bank SmartWealth.
• Tap on the ‘Discover’ option located at the bottom navigation bar.
• Go to ‘Explore & Invest’ section, choose ‘Create Fixed Deposits’ and then go to the ‘FD’ tab.
• Enter the desired Investment Amount, Tenure, and select the Interest Payout option.
• Choose the Maturity Instruction that suits your preference and tap on ‘Continue.’ 
• Skip or add the nominee details.
• Review all the deposit details carefully, and once you are satisfied, confirm the booking.

That's it! Your Fixed Deposit will be successfully booked through the HDFC Bank SmartWealth.

To book Recurring Deposits using the HDFC Bank SmartWealth, follow these simple steps:

• Log in to HDFC Bank SmartWealth.
• Tap on the ‘Discover’ option located at the bottom navigation bar
• Go to ‘Explore & Invest’ section, choose ‘Create Fixed Deposits’ and then go to the ‘RD’ tab.
• Enter the desired Recurring Monthly Amount, Tenure.
• Select the Maturity Instruction that suits your preference and tap on ‘Continue.’
• Skip or add the nominee details.
• Review all the deposit details carefully, and once you are satisfied, confirm the booking.

That's it! Your Recurring Deposit will be successfully booked through the HDFC Bank SmartWealth.

To book Tax Saving Fixed Deposits using the HDFC Bank SmartWealth, follow these simple steps:

• Log in to HDFC Bank SmartWealth.
• Tap on the ‘Discover’ option located at the bottom navigation bar.
• Go to ‘Explore & Invest’ section, choose ‘Create Fixed Deposits’ and then go to the ‘Tax Saving FD’ tab.
• Enter the Investment Amount, which should be between ₹5000/- and ₹150,000/-, select the Interest Payout option, and then tap on 'Continue’.
• Skip or add the nominee details.
• Review all the deposit details carefully, and once you are satisfied, confirm the booking.

That's it! Your Tax Saving Fixed Deposit will be successfully booked through the HDFC Bank SmartWealth.

• Log in to HDFC Bank SmartWealth.
• Select the ‘Dashboard’ option available at the bottom navigation bar.
• Navigate to the ‘Holdings’ tab and tap on ‘Deposit’.

By following these steps, you will be able to view your Deposits holdings on HDFC Bank SmartWealth.

• Log in to HDFC Bank SmartWealth.
• Select the ‘Dashboard’ option available at the bottom navigation bar.
• Navigate to the ‘Holdings’ tab and tap on ‘Deposit’.
• Select the specific FD that you want to close prematurely.
• Under Quick Actions, choose ‘Break this Deposit’.
• Review the details and accept the terms and conditions and tap ‘Confirm’ to proceed.
• Enter the OTP received on the registered contact details.
• The Fixed Deposit will be closed immediately.

No, you must visit the nearest HDFC Bank branch and submit a form to liquidate deposits.

Yes.

Yes.

The bank has set the penalty for premature closure of fixed deposits at 1% of the applicable interest rate for the deposit duration.

Instant

Consolidated Account Statement or CAS is a single/combined account statement that shows the details of all the Mutual fund investments/holdings from different fund houses. It contains a list of all your investments linked to your PAN.  

It combines the details of your holdings and can be accessed on the HDFC Bank SmartWealth for easy tracking and consolidation. After investors fetch external holdings through Generate CAS, all investments are initially mapped as ‘Unmapped Investments.’ Funds recommended by HDFC Bank Research are tagged as ‘Recommended,’ and depending on asset allocation deviations identified through the rebalancing logic, the portfolio status is displayed as ‘On Track’ or ‘Needs Attention.

Following are the steps to generate Consolidated Account Statement from the HDFC Bank SmartWealth:  

• Log in to HDFC Bank SmartWealth.
• Tap on ‘External Investments’ 
• User is redirected to MFCentral for OTP authentication and consent. A secure QR code is generated and redirected back to the platform. 
• Upon copying/uploading the QR code, the system validates and displays all mutual fund transactions.

If you are unable to see recent updates or changes for your external investment, it may be because the latest data has not been synced. To resolve this, please fetch the latest mutual fund investment details by tapping on the 'Sync' option under the Mutual Fund holdings.

To view the latest updates, navigate to Dashboard >> Holdings >> Mutual Funds in HDFC Bank SmartWealth and tap the 'Sync' button. This will refresh and update your Mutual Fund investment information.

It's recommended to sync your Mutual Fund (MF) holdings periodically or after making any external transactions to ensure you have the most up-to-date investment information.

No. Importing your investments on HDFC Bank SmartWealth allows you to track all your investments in one place. It also helps us offer recommendations aligned with your investment profile and identify any misalignment that may require adjustments.

Yes, you can do it from SmartWealth. You will be redirected to the MF Central website to complete the process.

Note: You cannot redeem, switch, or start SIPs in imported funds that are in ‘Demat’ form. You can invest more in these funds; however, these investments will be tracked against a new folio.

No, HDFC Bank SmartWealth only supports Switch/STP transactions for mutual fund schemes that were purchased through the HDFC Bank SmartWealth. Transactions conducted outside HDFC Bank SmartWealth cannot be processed for Switch/STP.

Your investments may not reflect on HDFC Bank SmartWealth in the following scenarios, even after generating a CAS:

• If there is an email address mismatch
• If there is a PAN mismatch

If the 'Sync' button does not refresh your investment data, try the following steps: 

• Ensure you have a stable internet connection.
• Restart and try syncing again.
• Contact customer support at smartwealth@hdfc.bank.in if the issue persists

The family wealth feature allows an investor to add family members, provided the family member is also an HDFC Bank SmartWealth customer. This feature works only after the family member gives approval. Once approved, the investor can view the family member’s investments using the same login. Transactions are not allowed through this feature. The family member can remove the access at any time, and the investor also has the option to delete family members.

Yes, you can add family members who are already registered on HDFC Bank SmartWealth. To do so, use the 'Add Member' option and provide the member's Customer ID. Once the member approves your request, they will be linked to your HDFC Bank SmartWealth account. 

Yes, you can track investments made by your family members on HDFC Bank SmartWealth. Our dashboard provides a single view of all investments, giving you valuable information and insights to make better decisions.

Login to the HDFC Bank SmartWealth and go to the 'Dashboard'.

• Select 'Family Wealth' and then tap on 'Add Member'.
• Enter the customer ID of the family member and tap on 'Send Request'.
• A request will be sent to the family member, who must authorize it by logging in to their HDFC Bank SmartWealth account
• After successful authorization, the parent account holder will be able to view the investment holdings of the family member.

Login to HDFC Bank SmartWealth and go to the ‘Dashboard’.

• Select Family Wealth, go to the family member you want to delete, then tap the Delete icon
• After taking confirmation from the user, selected member will be removed successfully.

To remove yourself from the 'Family Wealth' dashboard, follow these steps: 

• Log in to HDFC Bank SmartWealth, go to My Family under Track and manage → tap Exit Family
• Confirm the action, and you will be successfully removed as a member.

To access the 'Pending Family Request' section, follow these steps:

• Login to HDFC Bank SmartWealth and select the 'Dashboard'.
• Go to the Overview section and choose 'Pending Family Request.' tap on 'View all.'
• Within 'Pending Family Request,' you can toggle between 'Received' and 'Sent' requests.
• Received: Displays details of requests received from family members. You can choose to 'Accept' (authorize) or 'Decline' (reject) these requests.
• Sent: Shows details of invites sent by you to family members to add them to your family dashboard. If a member declines the invite, you will be notified as 'Request declined.'
• You can also 'Revoke' a pending request if you no longer wish to process the add request. 

No, the family member must first be registered on HDFC Bank SmartWealth, and both you and the family member must complete onboarding to securely link their information for viewing.

No, transactions can only be performed by the customer themselves through their own login. Family members will have view-only access and will not be able to initiate or complete transactions on another person’s behalf.

Currently, we don't have any upper limit.

HDFC Bank SmartWealth offers the following reports:

• Capital Gains/Loss Report: This report provides details of the capital gains or losses incurred on your investments across SmartWealth as well as other investment platforms, making it easier to consolidate information during tax filing.
• Transaction Report: This report offers a detailed overview of your SmartWealth mutual fund investment transactions, including the transaction type, date, amount, and the investment instrument involved.
• Holding Statement: This statement provides a snapshot of your current investments.

To generate a Capital Gain/Loss Statement in HDFC Bank SmartWealth, follow these steps:

• Log in to HDFC Bank SmartWealth and go to Reports > Capital Gain/Loss Statement.
• Select the desired duration: Example - Current Financial Year
• You can choose to receive the report on your registered email or download it to your device.
• Tap on 'Continue' to generate the report.

To get the Transaction Report on HDFC Bank SmartWealth, follow these steps:

• Log in to HDFC Bank SmartWealth and go to Reports > 'Transaction Statement'.
• Select the desired duration: Current Financial Year, Previous Financial Year, or Custom Date.
• You can opt to receive the report on your registered email or download it to your phone.
• Tap on 'Continue' to generate the report.

Note: Only applicable to HDFC Bank SmartWealth transactions.

To get the Holding statement on HDFC Bank SmartWealth, follow these steps:

• Log in to HDFC Bank SmartWealth and go to Reports > 'Holding Statement'.
• Select the date and tap on 'Continue' to generate the report.

Note: Only applicable to HDFC Bank SmartWealth transactions.

You can find portfolio insights on HDFC Bank SmartWealth under the Analytics tab of the Dashboard. It includes the following sections:

• Overall: Provides analytics for your overall investments.
• Equity: Displays analytics specifically for equity mutual funds.
• Debt: Shows analytics for debt mutual funds and deposits.

If you've already completed onboarding, you can still add or update nominee details. Just head to the ‘More’ section on the app and click on Update Nominee.

For existing mutual fund folios, nominee changes can also be done digitally through the MF Central platform.

Nominee details for deposits can be added at the time of creating a fresh deposit.

You can update your nominee details on HDFC Bank SmartWealth by navigating to the More / Profile section. Select Update Nominee, fill in the required details, and submit the request.

Yes, you can use HDFC Bank SmartWealth outside India, provided you have an active HDFC Bank savings account and your registered Indian mobile number is active to receive OTPs/SMS for authentication.

• Tap on the Forgot mPIN on the login screen.  
• Enter your registered mobile number.
• Enter the 6-digit OTP received on your registered mobile number.
• Enter either Debit card/NetBanking details.
• Enter a new 4-digit mPIN, re-enter the same mPIN and tap on continue.

In case you want to use the HDFC Bank SmartWealth application on a new device, you will have to:

• Enter your registered mobile number.
• Enter the 6-digit OTP received on the registered mobile number.
• Enter either Debit card/NetBanking details.
• Enter your 4-digit mPIN.

You can check your registered mobile number and email ID on the latest mutual fund statement received from the MF AMC.

Yes, your email ID and/or mobile number registered in your mutual fund folios can be different from the ones registered in HDFC Bank SmartWealth. The specific email address and mobile number associated with each platform depend on the details provided during the online/offline investment process.9

My Money is built on RBI’s Account Aggregator (AA) framework. With your consent, Finvu, our AA partner, consolidates data from your banks and transfers it directly to My Money. On My Money, your data becomes more than just numbers. It transforms into insights that help you align your financial behaviours with what you truly want.

Account Aggregators are RBI-regulated entities that allow you to share your financial information securely and privately. They cannot share your data without your consent and are also ‘data-blind’, meaning they cannot read or store your data.

My Money currently supports the following banks:

HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, Bank of India, Union Bank, IDFC Bank, Federal Bank, Karur Vysya Bank, Yes Bank, Punjab National Bank, Indian Overseas Bank, UCO Bank, AU Bank, IndusInd Bank, Kotak Mahindra Bank, Karnataka Bank.

We’re working on supporting more banks soon.

My Money shows data from the previous day to keep things running smoothly. The latest data will be available the next day. We understand this can be a bit inconvenient, and we appreciate your patience.

You can add as many accounts as you have. My Money helps you see all your income and expenses in one place, making your financial life simpler and more organized. 

Yes, you can revoke your consent at any time, stopping the flow of your bank data to My Money. It is mandated that all of your data be deleted once your consent expires or is revoked, ensuring that your information remains secure and private. 

You can easily track your net worth using the Smart-Wealth app. Just follow these steps: 

• Log in to the HDFC SmartWealth app with your MPIN. 
• Tap on the ‘All Bank Accounts and Equities’ tab on the Discover or Dashboard screen.
• Enter your mobile number and OTP for verification. 
• Under Equity, click on ‘Add New’ and confirm with OTP.
• Add the account you want to link (registered with CDSN and NSDL).
• You’ll be directed to the dashboard to view your consolidated Equity holdings and transactions.  

Currently, My Money is for monitoring holdings only. Please contact your broker to buy or sell equities. We appreciate your understanding.

To view your Demat account details: 

• Navigate to My Money. 
• Under equities, click on the Demat account you want to view.
• View your details under the ‘Account Details’ screen. 

Yes. You can use available External Funds to book an HDFC Bank deposit via My Money. The deposit amount will be debited from the external bank and used to create the deposit with HDFC Bank 

You can use funds from supported and linked external banks, subject to successful verification and system availability. 

Yes, you must hold an active HDFC Bank account to book a deposit, even if the deposit amount is debited from an external bank. 

In most cases, the debit is instant. Processing times may vary based on the external bank or payment network. 

Yes. Once the deposit is successfully created, you will receive a confirmation, and the transaction will be reflected in your records.

Yes, you can open a trading account with HDFC Bank SmartWealth. Here's how: 

• Go to the dashboard of HDFC Bank SmartWealth. 
• Tap on ‘Holdings’ and then select ‘Demat.’ 
• You will be redirected to the HDFC Securities Ltd website.
• On the HDFC Securities Ltd website, tap on the ‘Open Account’ button.

By following these steps, you can initiate the process of opening a trading account with HDFC Securities Ltd, which is a subsidiary of HDFC Bank.

Yes, you can start trading once you receive an account activation communication from HDFC securities.

• Login to HDFC Bank SmartWealth. 
• Select the ‘More’ option from the menu.
• Choose the ‘Stocks and Bonds’ section.
• Alternatively, you can go to the Dashboard and tap on ‘Holdings,’ then select ‘Stocks and Bonds.’
• You will be able to view your Stocks and Bonds holdings. 

Note: Restricted to HDFC Bank demat account holdings.

You can trade in Equity and Derivatives, IPOs, NCDs, Global Investing, Basket Investing and Bonds.

Pursuant to a SEBI circular in 2012, Mutual Funds have to create a 'Unique Identity Number' of the employee / relationship manager/ salesperson of the distributor who advises (or interacts with the investor in any other manner) for the sale of any mutual fund scheme. This is in addition to the AMFI Registration Number (ARN) of the distributor. EUIN is the acronym for this new unique number. 

Unlike the ARN which is common to the entire organisation, the EUIN is unique to that specific employee. Assigning this specific number, which is distinct from the company's ARN, helps to affix responsibility for misselling. Besides, this number will remain in force even if the employee/relationship manager/salesperson moves from one employer to another, thereby facilitating an audit trail.

Purchases, Switches, Registrations of SIP / STP. 

Subsequent instalments under SIP/ SWP / STP Triggers, Dividend Reinvestments, Bonus Units, Redemption, SWP Registration, Zero Balance Folio creation and instalments under Dividend Sweep Plans.

In the absence of an active EUIN (Employee Unique Identification Number), the customer is required to digitally confirm the following declaration:

I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/salesperson of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/salesperson of the distributor/sub broker. 

Without this confirmation, the transaction will not be allowed to proceed.

EUIN database will be maintained by the AMFI-unit of CAMS.

You can drop an email at smartwealth@hdfc.bank.in for any queries pertaining to HDFC Bank SmartWealth.