HDFC Technology Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 22-11-2024
₹ 14.44
▲2.4%
1D
Inception Returns
35.5%
/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
- HDFC Technology Fund Direct Growth has ₹1317 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
HDFC Technology Fund Direct Growth has given a CAGR return of 35.45% since inception. Over the last 1 year the fund has given a CAGR return of 40.62%.
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 benefitDividends 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
HDFC Technology Fund Direct Growth Overview
| Expense ratio | 0.97% |
Benchmark | S&P BSE IT |
| AUM | ₹1317 Cr |
| Inception Date | 8 September, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0.95% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- 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
- AUM of the fund stands at 1.3K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Tech, Communication & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Firstsource Solutions Ltd | 3.7% |
 Zensar Technologies Ltd | 3% |
HDFC Technology Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1317 Cr
Expense Ratio 0.97%
Frequently Asked Questions for HDFC Technology Fund Direct Growth
HDFC Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.21% | 2.21% |
6 Month Returns | 26.98% | 26.98% |
1 Year Returns | 40.62% | 40.62% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC Technology Fund Direct Growth | 7.9 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC Technology Fund Direct Growth | 0.94 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC Technology Fund Direct Growth | 1.77 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC Technology Fund Direct Growth | 18.17 | - | - |