1. Avail special rate of 7.35% for 35 months and 7.40% for 55 months tenure for investments in my passion fund. Senior citizen gets additional benefit of 0.50%
2. For detailed information on rates and charges, please click here to view interest rates.
Yes, My Passion Fund by HDFC Bank levies fees and charges.
HDFC Bank My Passion Fund does not have a monthly fee. This mutual fund is designed to help investors achieve their specific financial goals by investing in a diversified portfolio tailored to their interests and passions. With no monthly charges, it offers an attractive option for those looking to grow their wealth in alignment with their personal values and financial objectives.
HDFC Bank My Passion Fund is not tax-free. The returns generated from this mutual fund are subject to capital gains tax, depending on the holding period and the applicable tax laws. Short-term capital gains are typically taxed at a higher rate, while long-term capital gains may enjoy lower tax rates or exemptions.