May 31, 2024
mayank
HDFC Technology Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.1530
NAV IDCW: Rs 11.1530
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related companies.
Fund Manager:
1) Balakumar Balasubramanian
Education: Mr. Balasubramanian has done B.Tech, PGDM and CFA
Experience: Prior 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
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 08-Sep-23 |
| Return Since Launch | 11.53% |
| Benchmark | BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 969 Cr |
| (As on 30-Apr-2024) | |
| Expense | 1.01% |
| (As on 30-Apr-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of HDFC Technology Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Technology Dir | 1.30 | -1.54 | -1.15 | -5.32 | 7.91 | — | — | — | — | — |
| BSE IT TRI | -6.44 | -1.97 | -1.34 | -12.43 | 1.40 | — | — | — | — | — |
| Equity: Sectoral-Technology | -1.44 | -1.83 | -1.08 | -8.89 | 6.77 | — | — | — | — | — |
| Rank within category | 3 | 3 | 7 | 3 | 3 | — | — | — | — | — |
| Number of funds in category | 7 | 10 | 10 | 8 | 7 | 3 | 1 | 1 | 1 | 0 |
Peer Comparison of HDFC Technology Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC Technology Dir | Unrated | — | — | — | 1.01 | 969 | 11.53 | 1.00 (30) | 8M | — |
| ICICI Pru Technology Dir | Unrated | 26.51 | 14.14 | 24.93 | 0.93 | 11,790 | 21.94 | 1.00 (15) | 11Y 4M | 48.00 |
| Tata Digital India Dir | Unrated | 26.75 | 15.10 | 23.94 | 0.38 | 9,461 | 20.06 | 0.25 (30) | 8Y 5M | 24.21 |
| ABSL Digital India Dir | Unrated | 25.51 | 14.14 | 25.03 | 0.78 | 4,414 | 21.55 | 1.00 (30) | 11Y 4M | 30.00 |
| SBI Technology Opportunities Dir | Unrated | 22.77 | 15.92 | 23.07 | 0.85 | 3,578 | 20.69 | 0.50 (15) | 11Y 4M | 20.00 |
Portfolio Analysis of HDFC Technology Fund
| No. of Stocks | 23 |
| Top 10 Stocks | 78.30% |
| Top 5 Stocks | 60.75% |
| Top 3 Sectors | 96.25% |
| Portfolio P/B Ratio | 6.33 |
| Portfolio P/E Ratio | 31.31 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,35,072 | 2,91,880 |
| Giant (%) | 63.48 | 62.91 |
| Large (%) | 10.25 | 16.01 |
| Mid (%) | 24.07 | 18.12 |
| Small (%) | 2.19 | 7.00 |
| Tiny (%) | — | 0.07 |
How to Invest in HDFC Technology Fund?
Chanakya’s Mutual Fund Guidance For HDFC Technology Fund
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://investor-web.hdfcfund.com/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks