Mutual fund · Sectoral / Thematic
HDFC Technology Fund
₹1,371 cr across 26 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −14% over 1 year against the median Sectoral / Thematic fund's +2%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Technology Fund | +4% | −14% | +3% | — |
| Median Sectoral / Thematic fund | −2% | +2% | +12% | +11% |
—Q3 FY24—Q4 FY24—Q1 FY25+44%Q2 FY25+33%Q3 FY25+14%Q4 FY25+17%Q1 FY26−10%Q2 FY26−5%Q3 FY26−17%Q4 FY26−26%Q1 FY27−14%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Amagi Media Labs Limited | +1.0 pp | −0.1 pp |
| Coforge Limited | +0.9 pp | −0.6 pp |
| eClerx Services Limited | +0.5 pp | −0.2 pp |
| Tech Mahindra Ltd. | +0.3 pp | −0.3 pp |
| Redington Ltd. | +0.3 pp | +0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| Infosys Limited | −4.7 pp | −1.4 pp |
| Tata Consultancy Services Ltd. | −4.2 pp | −1.4 pp |
| Zensar Technologies Ltd. | −2.1 pp | −0.3 pp |
| MphasiS Limited. | −1.2 pp | −0.6 pp |
| HCL Technologies Ltd. | −1.1 pp | −0.5 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| Bharti Airtel Limited | Telecommunication | 13.74% | ₹188 cr | 35 mo | +46% |
| Infosys | Information Technology | 11.14% | ₹153 cr | 35 mo | -32% |
| Tata Consultancy Services Limited | Information Technology | 9.16% | ₹126 cr | 35 mo | -41% |
| HCL Technologies Limited | Information Technology | 7.60% | ₹104 cr | 35 mo | -12% |
| Tech Mahindra Limited | Information Technology | 5.12% | ₹70 cr | 35 mo | +15% |
| MphasiS Limited | Information Technology | 5.03% | ₹69 cr | 35 mo | -14% |
| Info Edge (India) Limited | Consumer Services | 4.64% | ₹64 cr | 35 mo | +8% |
| Coforge Limited | Information Technology | 4.56% | ₹63 cr | 35 mo | +52% |
| Firstsource Solutions Limited | Services | 4.30% | ₹59 cr | 35 mo | +12% |
| Eternal Ltd | Consumer Services | 3.94% | ₹54 cr | 35 mo | +167% |
| Hexaware Technologies Limited | Information Technology | 3.54% | ₹49 cr | 20 mo | -22% |
| Zensar Technologies Limited | Information Technology | 3.12% | ₹43 cr | 33 mo | -34% |
| eClerx Services Limited | Services | 3.06% | ₹42 cr | 35 mo | +32% |
| Amagi Media Labs Limited | Information Technology | 2.55% | ₹35 cr | 9 mo | +50% |
| Sonata Software Limited | Information Technology | 2.54% | ₹35 cr | 35 mo | -45% |
How this fund actually behaves
Computed from every filed monthly portfolio (35 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 25 mo (19–28) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (4 exits) | — · payoff — |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Sample too small |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 37× · 30% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 45.0× P/E · 6.0× P/B |
| Churn | Stocks entered and exited in 12 months, of 26 positions | 3 in · 6 out |
| Concentration | Top 10 holdings' share; effective number of positions | 69% · ~15 effective |