Mutual Fund


What is an Investment Services Account?

An Investment Services Account gives you complete control over your mutual funds- to purchase, redeem and switch funds and investment preferences at will. For a nominal, flat quarterly maintenance fee, enjoy the freedom to Invest as you please with the added convenience of investing from the comfort of your home through NetBanking.

With effect from 1st October 2015, HDFC Bank has "Opted-out" for transaction charge.


  • Perform the following transactions through NetBanking:

    • Purchase
    • Redemption
    • Switch
  • HDFC Bank Savings Account linked to the account, which is debited on purchases of Mutual Funds

  • Customers are authenticated / validated based on a unique Internet Password (IPIN) for NetBanking

  • NAV and other details for all holdings can be viewed easily

  • Redemption and Dividend Payout is directly credited to your Account

  • Only Mutual Funds that are purchased through the Investment Services Account can be redeemed through this service


  • The applicant needs to be an existing bank account holder, since a customer ID is mandatory.

  • The applicant needs to be  Compliant. KYC compliance has been made mandatory for investments in Mutual Funds irrespective of the amount. For NRI customers (Non-face to face): The KYC compliant acknowledgement copy is required to be attested by the Indian embassy

  • The Savings Bank Account status has to be Single or Either/Survivor.

  • The Account Opening Application Form has to be signed by all the Bank Account Holders.

Cut off timings

W.e.f 9th November 2020 Same day NAV would be applicable for transactions done before the cut off time  2 PM. For transactions received post cut off time applicable NAV would be the next business day.

For Liquid Funds, previous day NAV is applicable for transactions through ISA if invested before the cut off time  12.30 PM. Same day NAV is applicable for transactions through ISA if invested after the cut off time 12.30 PM but prior to cut off time 1400 hrs (2 PM). Hence for transactions done on Friday post 12.30 PM , customers will get NAV as per fund house rules i.e., Sunday NAV. Customers are advised to initiate a transaction accordingly.
For redemptions/Switches for all type of schemes cut off time is 2 PM.

Physical applications submitted with the AMC/RTAs:

Cut-off timing w.e.f. 09-Nov-2020

S. No.

Scheme Category





Liquid and Overnight Funds

1:30 p.m.

3.00 p.m.

3.00 p.m.


Other than Liquid and Overnight Funds

3:00 p.m.

3:00 p.m.

3:00 p.m.

Fees and Charges

Investment Services Account (ISA) maintenance charges per quarter are Rs. 250/- for resident customers and Rs .500/- for NR customers. 

With effect from 1st October 2015, HDFC Bank has "Opted-out" for transaction charge.

GST of 18% as per Government Regulations is applicable on Quarterly Maintenance Charges for Investment Services Account (ISA).