HDFC Technology Fund
- NAV as on 9 Nov 2026
- ₹12.36-1.06%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹10.41 — ₹14.22
- AUM
- ₹1,371 Cr
HDFC Technology Fund is a Sectoral-Technology equity fund from HDFC Mutual Fund with ₹1,371 Cr under management, launched in 2023. Over three years it has returned 0.0% a year, against 5.7% for its category. The expense ratio is 2.14% and the SEBI riskometer reading is Very High.
Performance
HDFC Technology Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -8.4% against -9.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.3% | +12.2 pts | -4.9% | 3.3% |
| 2Y | -2.5% | −1.8 pts | -0.7% | -4.0% |
| 3Y | 0.0% | −5.7 pts | 5.7% | -2.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.0% | +0.2 pts | 8.8% | 6.8% |
| 3M | 1.9% | +0.5 pts | 1.3% | -0.3% |
| 6M | 12.5% | +1.5 pts | 11.0% | 8.4% |
| 1Y | -7.7% | −2.8 pts | -4.9% | -7.9% |
| 2Y | -6.6% | −0.9 pts | -5.7% | -8.3% |
| 3Y | 8.2% | +2.4 pts | 5.7% | 4.8% |
Since launch (25 Aug 2023): 7.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -5.4% | −0.3 pts | -5.2% |
| 2024 | 32.9% | +5.6 pts | 27.3% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.14%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.81%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.32%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE Teck TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 5.28 | 6.16 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.83 | 0.73 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.21 | 0.28 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.32 | 0.41 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 22.04 | 20.36 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Technology Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.5%
- Other1.5%
Market cap split
- Large53.6%
- Mid19.3%
- Small27.1%
- P/E
- 23.34
- P/B
- 4.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Bharti Airtel Ltd. | Communication | 13.74% | ₹188 Cr | +15.52% | +15.05% | +12.61% |
| Infosys Ltd. | Technology | 11.14% | ₹153 Cr | +12.02% | +15.14% | +14.93% |
| Tata Consultancy Services Ltd. | Technology | 9.16% | ₹126 Cr | +9.73% | +11.42% | +10.33% |
| HCL Technologies Ltd. | Technology | 7.60% | ₹104 Cr | +7.10% | +8.99% | +8.34% |
| Tech Mahindra Ltd. | Technology | 5.12% | ₹70.21 Cr | +5.01% | +4.99% | +4.25% |
| Mphasis Ltd. | Technology | 5.03% | ₹69.00 Cr | +5.41% | +5.20% | +4.75% |
| Info Edge (India) Ltd. | Services | 4.64% | ₹63.60 Cr | +3.89% | +3.86% | +4.23% |
| Coforge Ltd. | Technology | 4.56% | ₹62.54 Cr | +4.31% | +2.04% | +2.83% |
| Firstsource Solutions Ltd. | Services | 4.30% | ₹58.94 Cr | +3.74% | +3.37% | +3.81% |
| Eternal Ltd. | Services | 3.94% | ₹54.07 Cr | +3.60% | +3.15% | +4.01% |
| Hexaware Technologies Ltd. | Technology | 3.54% | ₹48.53 Cr | +3.83% | +2.57% | +1.86% |
| Zensar Technologies Ltd. | Technology | 3.12% | ₹42.73 Cr | +3.37% | +4.12% | +3.42% |
| eClerx Services Ltd. | Services | 3.06% | ₹41.98 Cr | +2.27% | +1.14% | +2.24% |
| Amagi Media Labs Ltd. | Technology | 2.55% | ₹34.99 Cr | +2.79% | +1.78% | — |
| Sonata Software Ltd. | Technology | 2.54% | ₹34.88 Cr | +2.83% | +2.24% | +3.15% |
| Sagility Ltd. | Services | 2.50% | ₹34.25 Cr | +2.48% | +2.54% | +0.89% |
| Shiprocket Ltd. | Technology | 1.81% | ₹24.76 Cr | — | — | — |
| Others | Others | 1.50% | ₹20.57 Cr | -0.70% | -0.78% | -3.64% |
| Moneyview Ltd. | Financial | 1.46% | ₹20.00 Cr | — | — | — |
| Tata Communications Ltd. | Communication | 1.42% | ₹19.42 Cr | +1.81% | +1.28% | +1.32% |
| Indus Towers Ltd. | Communication | 1.32% | ₹18.13 Cr | +1.49% | +1.52% | +1.05% |
| Bharti Hexacom Ltd. | Communication | 1.12% | ₹15.40 Cr | +1.25% | +1.29% | +2.66% |
| Persistent Systems Ltd. | Technology | 1.07% | ₹14.62 Cr | +0.94% | +0.58% | — |
| Brainbees Solutions Ltd. | Consumer Discretionary | 1.03% | ₹14.07 Cr | +1.37% | +1.29% | +1.45% |
| Redington Ltd. | Services | 0.92% | ₹12.60 Cr | +0.67% | +0.99% | +1.37% |
| PB Fintech Ltd. | Services | 0.87% | ₹11.98 Cr | +1.17% | +1.04% | +1.11% |
| PVR Inox Ltd. | Services | 0.50% | ₹6.91 Cr | +0.32% | +0.31% | +0.33% |
| Unicommerce ESolutions Ltd. | Technology | 0.44% | ₹5.98 Cr | +0.49% | +0.45% | +0.72% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Moneyview Ltd. | 0.00% | 1.46% | +1.46% |
| Tata Consultancy Services Ltd. | 9.90% | 9.16% | -0.74% |
| Bharti Airtel Ltd. | 13.09% | 13.74% | +0.65% |
| Shiprocket Ltd. | 1.19% | 1.81% | +0.62% |
| Infosys Ltd. | 11.74% | 11.14% | -0.60% |
| PB Fintech Ltd. | 1.42% | 0.87% | -0.55% |
| Firstsource Solutions Ltd. | 4.02% | 4.30% | +0.28% |
| Coforge Ltd. | 4.78% | 4.56% | -0.22% |
| Mphasis Ltd. | 5.24% | 5.03% | -0.21% |
| Redington Ltd. | 0.75% | 0.92% | +0.17% |
| PVR Inox Ltd. | 0.35% | 0.50% | +0.15% |
| Info Edge (India) Ltd. | 4.50% | 4.64% | +0.14% |
| Hexaware Technologies Ltd. | 3.67% | 3.54% | -0.13% |
| Sonata Software Ltd. | 2.66% | 2.54% | -0.12% |
| Tech Mahindra Ltd. | 5.00% | 5.12% | +0.12% |
| Others | -0.20% | -0.32% | -0.12% |
| Amagi Media Labs Ltd. | 2.44% | 2.55% | +0.11% |
| HCL Technologies Ltd. | 7.49% | 7.60% | +0.11% |
| Eternal Ltd. | 3.85% | 3.94% | +0.09% |
| Brainbees Solutions Ltd. | 0.96% | 1.03% | +0.07% |
| Tata Communications Ltd. | 1.36% | 1.42% | +0.06% |
| Indus Towers Ltd. | 1.27% | 1.32% | +0.05% |
| Sagility Ltd. | 2.55% | 2.50% | -0.05% |
| Persistent Systems Ltd. | 1.04% | 1.07% | +0.03% |
| Zensar Technologies Ltd. | 3.14% | 3.12% | -0.02% |
| Unicommerce ESolutions Ltd. | 0.43% | 0.44% | +0.01% |
| Bharti Hexacom Ltd. | 1.13% | 1.12% | -0.01% |
| eClerx Services Ltd. | 3.07% | 3.06% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,841 Cr | 1.63% | 5.5% | 1.4% | 6.7% |
 ICICI Prudential Technology Fund | ₹13,154 Cr | 1.89% | 4.9% | 0.0% | 4.6% |
 SBI Technology Opportunities Fund | ₹4,478 Cr | 1.97% | 7.3% | 3.2% | 7.5% |
 Franklin India Technology Fund | ₹1,623 Cr | 2.16% | 4.6% | 0.5% | 8.1% |
 Tata Nifty India Digital ETF FoF | ₹108 Cr | 0.48% | 5.1% | 1.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related companies.
Fund managers
- Balakumar BalasubramanianMr. Balasubramanian has done B.Tech, PGDM and CFAPrior to joining HDFC Mutual Fund, he has worked with Sanford C. Bernstein (India) Private Ltd, UBS Business Solutions (India) Pvt. Ltd, Cognizant Technology Solutions India Private Ltd, Capgemini India Private Ltd and Infosys Ltd
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months12.53% absolute | ₹60,000 | ₹67,518 | 12.53% | |
| 1 year−7.70% annualised | ₹1,20,000 | ₹1,15,111 | −4.07% | |
| 3 years8.16% annualised | ₹3,60,000 | ₹4,09,098 | 13.64% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.