Sectoral / Thematic · Equity

HDFC Technology Fund

HDFC Asset Management Company Limited

Benchmark

BSE Teck TRI

Riskometer

Very High

Size

₹1,491 cr

Allotted

8 Sep 2023

Holdings as of

30 Sep 2026

HDFC Technology Fund is a sectoral / thematic fund of HDFC Asset Management Company Limited with ₹1,491 cr under management. It is ahead of its benchmark (BSE Teck TRI) in 2 of 2 periods. Its direct plan charges 1.07% a year. Balakumar B has managed it for 3.1 years.

Has HDFC Technology Fund beaten its benchmark?

Ahead of its benchmark, BSE Teck TRI, in 2 of 2 periods in AMFI's figures; −9.35% over the last year against −10.88%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+3.80%	−1.30%	—
3 months	+5.10%	−4.28%	—
6 months	+3.81%	−1.46%	—
1 year	−8.71%	−4.25%	−4.46 pts
3 years	+7.70%	+9.50%	−1.80 pts
5 years	—	+8.14%	—
10 years	—	+12.76%	—
Since start from 8 Sep 2023	+7.20%	—	—

Valarth price history to 15 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026

Ahead of its benchmark (BSE Teck TRI) in 2 of 2 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−9.35%	−10.38%	−10.88%	+1.53	🔒
3y	+7.10%	+5.84%	+2.93%	+4.17	🔒
5y	—	—	—	—	—
10y	—	—	—	—	—

Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

Sep 2023 to 15 Oct 2026

Fund 126Nifty 500 TRI 132

₹100 put in at the start of Sep 2023 would be ₹126 on 15 Oct 2026, against ₹132 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does HDFC Technology Fund cost?

1.07% a year on the direct plan, 2.15% on the regular plan; 26 of 61 funds in its category charge less.

Direct plan

1.07% a year

Category median 1.09%

Regular plan

2.15% a year

Category median 2.40%

Gap

1.08 points

for the same holdings

26 of 61 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Schemes - Thematic Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages HDFC Technology Fund?

Balakumar B, since 8 Sep 2023; Gopal Agrawal, since 1 Sep 2026; Bhagyesh Kagalkar, since 26 Aug 2026.

Balakumar B

3.1 years

since 8 Sep 2023

Gopal Agrawal

0.1 years

since 1 Sep 2026

Bhagyesh Kagalkar

0.1 years

since 26 Aug 2026

Benchmark as filedBSE Teck Index (TRI)

Exit load

In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed /switched-out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed / switched out after 30 days from the date of allotment.

From 8 Scheme Summary Documents filed with NSE, first on 11 Mar 2026; as on 13 Oct 2026

What does HDFC Technology Fund hold?

29 holdings as of 30 Sep 2026; the ten largest are 69.2% of the fund, the largest Bharti Airtel Ltd. at 13.7%.

Mix

Holdings as of 30 Sep 2026

Equity98.5%Debt0.0%Cash1.5%Other0.0%

Holdings

27 shares

Top ten

69.2%

of the fund

Effective holdings

15.0

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

Bharti Airtel Ltd.13.7%

Infosys Limited11.1%

Tata Consultancy Services Ltd.9.16%

HCL Technologies Ltd.7.60%

Tech Mahindra Ltd.5.12%

Five largest industries

% of fund

IT - Software53.7%

Telecom - Services17.9%

Retailing9.80%

Commercial Services & Supplies8.40%

IT - Services5.60%

By company size

% of equity · SEBI size lists

Large Cap52.8%Mid Cap19.0%Small Cap28.2%

How does HDFC Technology Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is HDFC Technology Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 85% of it differs from the index (an active fund is usually above 60%).

Active share 85.1%60%

Funds that hold much the same

% of holdings in common

SBI Technology Opportunities Fund61.1% the same

13 shared holdings

ICICI Prudential Technology Fund58.7% the same

22 shared holdings

ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND56.2% the same

15 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages HDFC Technology Fund?

Balakumar B (manager) since 8 Sep 2023; Gopal Agrawal (manager) since 1 Sep 2026; Bhagyesh Kagalkar (manager) since 26 Aug 2026.

What is the expense ratio of HDFC Technology Fund?

1.07% a year on the direct plan and 2.15% on the regular plan (expense report, Oct 2026).

How has HDFC Technology Fund done?

Its direct plan returned +7.10% a year over 3 years against +2.93% for its benchmark, BSE Teck TRI, as of 14 Oct 2026.