HDFC Technology Fund Direct Growth

HDFC Technology Fund Direct Growth

Equity

Direct

Sector - Technology

NAV as on 06-12-2024

₹ 15.22

Inception Returns

39.9%

/yr

About HDFC Technology Fund Direct Growth

HDFC Technology Fund Direct Growth is an equity fund. This fund was started on 8 September, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HDFC Technology Fund Direct Growth has ₹1317 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

HDFC Technology Fund Direct Growth has given a CAGR return of 39.90% since inception. Over the last 1 year the fund has given a CAGR return of 45.38%.

Holdings

HDFC Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Industrial. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, HCL Technologies Ltd, Mphasis Ltd

Taxation

As it is a sector - technology mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of HDFC Technology Fund Direct Growth

To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related companies There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Technology Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
3378 people have invested ₹ 99.1L in HDFC Technology Fund Direct Growth in the last three months

HDFC Technology Fund Direct Growth Overview

Expense ratio0.97%
Benchmark
S&P BSE IT
AUM₹1317 Cr
Inception Date8 September, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0.95%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
HDFC Technology Fund Direct Growth
Nifty 500
sector - technology
1M
5.2%
2.9%
6.3%
3M
6.1%
-0.9%
5.9%
6M
31.8%
7%
30.8%
1Y
45.4%
24.5%
39%

Fund Distribution

as on (31-Oct-24)

  • Equity 93.9%

  • Debt & Cash 6.1%

Large cap
59.8%

Mid cap
16%

Small cap
15%

Sector Allocation

Oct'24

Sep'24

Aug'24

Tech
72.2%
Communication
20.8%
Consumer Cyclical
5.5%
Financial Services
1.3%
Industrial
0.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-3.37%
-0.48%
6.38%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -3.37% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 3.15% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Redington Ltd's allocation increased from 1.11% to 1.83%
Redington Ltd's allocation increased from 1.11% to 1.83%
Zensar Technologies Ltd's allocation increased from 2.27% to 2.63%
Zensar Technologies Ltd's allocation increased from 2.27% to 2.63%
Coforge Ltd's allocation increased from 2.68% to 2.96%
Coforge Ltd's allocation increased from 2.68% to 2.96%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 17.9 % to 17.07 %
Infosys Ltd's allocation decreased from 17.9 % to 17.07 %
Tata Consultancy Services Ltd's allocation decreased from 14.58 % to 13.8 %
Tata Consultancy Services Ltd's allocation decreased from 14.58 % to 13.8 %
Bharti Airtel Ltd's allocation decreased from 10.8 % to 10.73 %
Bharti Airtel Ltd's allocation decreased from 10.8 % to 10.73 %
Mid Cap allocation has gone down from 16.6% to 16%
Mid Cap allocation has gone down from 16.6% to 16%
Large Cap allocation has gone down from 61.8% to 59.8%
Large Cap allocation has gone down from 61.8% to 59.8%
Small Cap allocation has gone up from 13.8% to 15%
Small Cap allocation has gone up from 13.8% to 15%
Cash allocation has gone up from 4.6% to 6.1%
Cash allocation has gone up from 4.6% to 6.1%

Top 3 Sectors in October were Tech, Communication & Consumer Cyclical

Oct'24
Tech
72%
Communication
21%
Consumer Cyclical
6%
Sep'24
Tech
71%
Communication
22%
Consumer Cyclical
6%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
29
29
29
Top 5 Company Concentration
54.4%
56.2%
57.9%
Company having highest exposure
Infosys Ltd (17.1%)
Infosys Ltd (17.9%)
Infosys Ltd (18.8%)
No of Sectors
5
5
5
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Tech (72.2%)
Tech (71.3%)
Tech (73.2%)
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Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

HDFC Technology Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 39.9% since inception which is more than its category average return of 27.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.89% in Equity, 0% in Debt and 6.11% in Cash related instruments
AUM size ₹1317 Cr

AUM size ₹1317 Cr

This fund has AUM of ₹1317 Cr which is less than its category average of ₹ 2961 Cr
Expense Ratio 0.97%

Expense Ratio 0.97%

This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions for HDFC Technology Fund Direct Growth

The current NAV of HDFC Technology Fund Direct Growth is ₹15.22 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
HDFC Technology Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.22%
5.22%
6 Month Returns
31.78%
31.78%
1 Year Returns
45.38%
45.38%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.97% as on November 2024
₹1317 Cr as on November 2024
Infosys Ltd(17.07%), Tata Consultancy Services Ltd(13.8%), Bharti Airtel Ltd(10.73%), HCL Technologies Ltd(8.4%), Mphasis Ltd(4.44%) as on November 2024
Tech(67.8%), Communication(19.54%), Consumer Cyclical(5.2%) as on November 2024
The alpha ratio for the HDFC Technology Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC Technology Fund Direct Growth
7.96
-
-
As on November 2024
The alpha for HDFC Technology Fund Direct Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC Technology Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC Technology Fund Direct Growth
0.94
-
-
As on November 2024
The Beta for HDFC Technology Fund Direct Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC Technology Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
HDFC Technology Fund Direct Growth
1.71
-
-
As on November 2024
The sharpe ratio for HDFC Technology Fund Direct Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC Technology Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
HDFC Technology Fund Direct Growth
17.89
-
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of HDFC Technology Fund Direct Growth is 1%