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: Select an investment profile or answer a questionnaire to determine asset classes and investment styles.
• Portfolio Construction and Rebalancing: Customised approach, model portfolios, and rebalancing for SmartJars.
• Investment Journey: Milestone-based planning, DIY fund investments, and visualisation of life dreams.
• Engaging Dashboard: Comprehensive view of investments with a smart dashboard. It shows your total market value, family wealth, SmartJars status, SIP calendar, and detailed analytics across various assets, products, and instruments.
• Consolidated Account Statements (CAS): Upload or Generate CAS for one- view of all investments. Automated statements and reporting.

Anyone who is an Indian resident, 18 years or older, and has an HDFC Bank savings account can start investing through the HDFC Bank SmartWealth.

You can drop an email at smartwealth@hdfcbank.com for any queries about HDFC Bank SmartWealth.

Any customer with a savings account at HDFC Bank can register for HDFC Bank SmartWealth. The bank account can be either Single or Either/Survivor. Your PAN (Permanent Account Number) needs to be KYC (Know Your Customer) registered and compliant as per SEBI (Securities and Exchange Board of India) guidelines. You can check your PAN status here: 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 here itself. Our user-friendly interface and hassle-free account opening process will guide you through every step of the way.

No.

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.

Just follow these steps -

• 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 done, you will be redirected to register for Mutual Fund KYC > Complete MF KYC
• Once done, you will be ready to start investing using the HDFC Bank SmartWealth app.

• If you are an existing HDFC Bank customer, you can start investing immediately through HDFC Bank SmartWealth if you have the required funds in your account. Our user-friendly interface and hassle-free investment process make it easy for you to start investing right away.
• Planning to open a new savings bank account with HDFC Bank? You can start investing as soon as your account is active, and you have the required funds in your account. Our app will guide you through every step of the way, ensuring a seamless experience for you.

You can easily add up to 3 new nominees during the HDFC Bank SmartWealth onboarding process. Unfortunately, once the onboarding process is complete, you will not be able to edit or add nominees to your HDFC Bank SmartWealth investment account. However, if you are creating an FD/RD investment through HDFC Bank SmartWealth, you can add a new nominee while investing.

Unfortunately, users are not able to change details once the onboarding process is complete on the HDFC Bank SmartWealth at the moment. However, if you are creating an FD/RD investment through HDFC Bank SmartWealth, feel free to edit or modify a nominee while investing.

• 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.

If you have submitted a Mutual Fund KYC request through HDFC Bank SmartWealth, you can conveniently check the status of your KYC at the top of your Discover Page.

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 re-initiate the MF KYC. 

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

Just follow these simple steps -  

• 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. 

• 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.

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: 

• Model Portfolio for SIP will be recommended for SIP amounts greater than ₹5,000 per month. 
• Model Portfolio for Lumpsum will be recommended for amounts greater than ₹10,000. 
• A new SmartJar can be set up for a SmartJar amount 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 redirected 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 redirected to the DIY journey.

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 the ‘Explore and Invest’ section on the Discover page, enter the scheme name or use the various filters to search for a specific fund.
• Select the ‘+’ icon to add the funds to the cart. 
• Select investment mode > SIP or Lumpsum 
• Review the investments in your cart and choose 'Invest now'. Enter OTP to complete the transaction. 

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

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 2 PM IST 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 from the "Order history" section in the "More" tab.

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 and email confirmation that you initiated the transaction.

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

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

Under each mini tile, Mutual Funds investments recommended by the HDFC Bank Research Team are tagged as “Recommended”. Further, under top-rated funds – only all recommended funds show up.

• If you don't have enough funds in your bank account for your SIP instalment, the SIP debit will fail, and you will miss that instalment. However, your SIP will remain active.
• If the first SIP debit fails, or if you fail to maintain sufficient funds for three consecutive SIP debits, the SIP gets terminated.

No, you can't reduce your existing SIP amount. However, you have the option to stop your current SIP and start a new one with a lower 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.

Below are the MF transactions available on HDFC Bank SmartWealth:

• Buy/Purchase
• Sell/Redeem
• Switch
• Systematic Investment Plan
• Systematic Transfer Plan
• Systematic Withdrawal Plan

Amount 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.

A 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 email address.

It combines the details of your holdings and can be accessed on the HDFC Bank SmartWealth for easy tracking and consolidation. Once the investors upload their investment details through the CAS Upload feature or fetch external holdings via generate CAS, all the investments are mapped to “Unmapped Investments”. The funds which are recommended by HDFC Bank Research are tagged as “Recommended” and in case of asset allocation deviation as per re-balancing logic, shows the portfolio to be “On Track” or “Needs Attention”.

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

• Log in to HDFC Bank SmartWealth.
• Go to the ‘More’ option available at the bottom navigation bar. Tap on Consolidated Account Statement.
• Tap on “Generate CAS”
• Enter the OTP received on the registered mobile number and email address.
• That's it! All your investments will become available on the HDFC Bank SmartWealth for you to track.

Following are the steps to generate a Consolidated Account Statement from the CAMS website.

You will have to visit the CAMS website, where you can Generate CAS: https://www.camsonline.com/Investors/Statements/Consolidated-Account-Statement

• Select Statement Type - Detailed > Select the period – From & To > Select Folio Listing
• Enter Email ID (this needs to be your registered email address), PAN (Optional) and Password
• A statement will be sent to you at your registered email address.

Following are the steps to upload the Consolidated Account Statement on HDFC Bank SmartWealth

• Log in to HDFC Bank SmartWealth.
• Tap on the "Discover" option located at the bottom navigation bar.
• Go to the "Consolidate your investments" tab and tap on "Upload Now.”

OR

• Tap on the “More” option available at the bottom of the navigation bar.
• Go to the “Consolidate your investments” tab on tap on “Upload Now.”
• Choose File from the device > enter PDF Password > Continue.

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

Your investments may not reflect on HDFC Bank SmartWealth after CAS upload in the following scenarios:

• If there is an email address mismatch
• If there is a PAN (Permanent Account Number) mismatch

Just follow these simple steps –

• Login to the HDFC Bank SmartWealth and go to the 'Dashboard' option in the bottom navigation bar.
• 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 through 'HDFC Bank SmartWealth’.
• The family member needs to authorise the request by logging in to their 'HDFC Bank SmartWealth' account.
• After successful authorisation, the parent account holder will be able to view the investment holdings of the family member.

Just follow these simple steps -

• Login to HDFC Bank SmartWealth and go to the ‘Dashboard’ option in the bottom navigation bar.
• Select ‘Family Wealth’ >Go to the family member you want to delete> Tap on the ‘Delete icon.’
• After getting confirmation from the user, the selected member will be removed successfully.

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

• Log in to HDFC Bank SmartWealth and go to the 'More' option in the bottom navigation bar.
• Select 'My Family' under the 'Track and manage' section.
• Tap on 'Exit Family'.
• Confirm the action, and you will be successfully removed as a member.

HDFC Bank SmartWealth offers the following reports:

• Capital Gains/Loss Report: This report provides information about the capital gains or losses incurred on your investments. It helps you track the profits or losses generated from buying and selling securities.
• Transaction Report: The transaction report offers a detailed overview of your investment transactions. It includes information such as the type of transaction, date, amount, and investment instrument involved.

On the Dashboard Overview tab, you can view your overall portfolio management, family wealth, and savings account balance details. The options available on the overview page include:

• Orders Overview: Provides an overview of your recent orders.
• Systematic Calendar: Shows a calendar for your systematic investments.
• SmartJars: Helps you track and manage your investment plan that aligns with your dreams.
• Unmapped Investment: Displays any unmapped investments in your portfolio.
• Products and Asset Level Allocation: This shows the allocation of your investments across different products and asset classes.
• A SmartJar that is not listed above.

There are 160 model portfolios created with various combinations of risk profiles, 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 or recommending model portfolios. The current value of the portfolio plays a role at the time of rebalancing.
SIPs:

• MINI SIP portfolio is recommended for all cases when SmartJars is being set or re-balancing gets triggered irrespective of the amount of SIP.

Exception: In case the existing investment is greater than ₹5 lacs, it recommends a 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 the investment amount is less than ₹5 lacs for a new SmartJar or the current value is less than ₹5 lacs when re-balancing gets triggered. A portfolio is created as a MINI + GOLD Portfolio, if the value of the portfolio falls below ₹5 lacs when re-balancing gets triggered, it is re-balanced with MINI portfolio recommendations.
• MINI + GOLD Lump sum portfolio is recommended for all cases where the investment amount is greater than ₹5 lacs for a new SmartJar. For a MINI Portfolio, if the current value is greater than ₹5 lacs when re-balancing gets triggered, it is re-balanced with MINI + GOLD recommendations.

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

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

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.

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

• Login to HDFC Bank SmartWealth.
• Navigate to the "More" section.
• Tap on Systematic Calendar
• Select the mutual fund scheme.
• Go to Quick Actions >> Tap on “Pause.”
• Choose the No. of Instalments >> Tap on “Pause.”

Yes, you can stop your SIP/SWP/STP from HDFC Bank SmartWealth as per your convenience. Here’s how:

• Login to HDFC Bank SmartWealth.
• Navigate to the "More" section.
• Tap on Systematic Calendar
• Select the mutual fund scheme.
• Go to Quick Actions >> tap on “Stop.”

Yes

Yes, you can open a trading account with HDFC Bank SmartWealth. Here are the steps:

• Go to the HDFC Bank SmartWealth dashboard.
• Tap on "Holdings" and then select "Demat."
• Choose one of the options available, such as Basket Investing, Portfolio, Global Investing, or Buy/Sell (Trading).
• 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.

To view your Demat holdings, follow these steps:

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

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

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.

To know more, click here.