HDFC Mutual Fund · Direct Growth · SEBI Category: Equity
HDFC Technology Fund is a relatively newer technology sector fund from India's largest AMC — HDFC Mutual Fund. While the fund lacks the long track record of Franklin or even ICICI Pru Technology, it benefits from HDFC MF's deep equity research infrastructure and conservative investment culture. The fund focuses on quality large cap IT companies with proven business models and strong client relationships.
HDFC MF's approach to technology sector investing reflects its broader investment philosophy — quality businesses with strong balance sheets and capable management are prioritised over high-growth but operationally risky companies. This conservative approach within technology investing may result in a portfolio tilted toward the largest, most established IT companies rather than high-risk mid-tier growth plays.
Rahul Baijal is Fund Manager at HDFC Mutual Fund and manages HDFC Technology Fund alongside his other equity mandates. He brings HDFC MF's research-driven, fundamental analysis approach to technology sector investing — evaluating IT companies on the quality of their management, client relationships, technology capabilities and financial health rather than purely on revenue growth metrics.
For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| ICICI Prudential Technology Fund | ₹191.50 | ₹14.2K Cr Jan–Mar 2026 | -9.4% | +9.8% p.a. | +9.5% p.a. | 0.32 |
| SBI Technology Opportunities Fund | ₹214.35 | ₹4.5K Cr Jan–Mar 2026 | -8.3% | +11.0% p.a. | +11.8% p.a. | 0.41 |
| Aditya Birla Sun Life Digital India Fund | — | ₹4.1K Cr Jan–Mar 2026 | — | — | — | — |
| Franklin India Technology Fund | ₹498.04 | ₹1.7K Cr Jan–Mar 2026 | -7.1% | +14.6% p.a. | +11.3% p.a. | 0.77 |
| HDFC Technology Fund ▲ | ₹11.37 | ₹1.5K Cr Jan–Mar 2026 | -14.1% | — | — | — |
Calculated from 670 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how HDFC Technology FundOption ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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