HDFC Technology Fund
Scheme Details
Launch Date : 25th August, 2023
Close Date : 5th September, 2023
Type : An open-ended equity scheme investing in Technology & technology related companies
Plans : • Direct Plan • Regular Plan
Option: Under Each Plan: Growth, Income Distribution cum Capital Withdrawal – Payout and Reinvestment of IDCW
Minimum application amount : During NFO Period Purchase: ₹100/- and any amount thereafter. During continuous offer period (after scheme re-opens for repurchase and sale): Purchase / Additional Purchase: ₹100/- and any amount thereafter. Note: Allotment of units will be done after deduction of applicable stamp duty and transaction charges, if any
Entry load : NIL
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 1 year from the date of allotment.
No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. No Entry / Exit Load shall be levied on bonus units and Units allotted on Re-investment of Income Distribution cum Capital Withdrawal. In respect of Systematic Transactions such as SIP, Flex SIP, STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Fund manager : Mr. Balakumar B
Benchmark Index : S&P BSE TECk Index
Features of HDFC Technology Fund
- Increasing tech intensity is a secular trend, across markets and industries
- Increase in tech spending and offshoring are medium term tailwinds for growth
- Relatively low portfolio turnover ratio High active share
- High alpha potential
About the HDFC Technology Fund
INVESTMENT STRATEGIES
Core of the portfolio (> 80%) will be invested in stocks in technology & technology related companies within the basic industries like
IT services, software, consulting, and outsourcing companies etc
IT products and hardware including computers, electronic components,
Internet companies and internet enabled services
Infrastructure providers and Telecommunications
Media and information services
Data and data solutions provider
Key features of the scheme
- Increasing tech intensity is a secular trend, across markets and industries
- Increase in tech spending and offshoring are medium term tailwinds for growth
- Indian IT – Consistent market share gainer
- Digitalization in India has long runway for growth
- Aims to invest in companies with good growth, good return ratios, better dividend yield at reasonable valuation
HDFC Technology Fund
An open-ended equity scheme investing in Technology & technology related companies
Product Label
It is suitable for investors who are seeking*
• To generate long-term capital appreciation
• Investment predominantly in equity & equity related instruments of Technology & technology related companies
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
#The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Check out Note on NFO : View Details
(Disclaimer: The content herein does not consider individual investor’s objectives, risk appetite or financial needs or circumstances or the suitability of the mutual fund products described herein. Hence, investors are advised to consult their professional investment adviser/ consultant/ tax advisor for investment advice.
A mutual fund scheme is NOT a DEPOSIT product and is not an obligation of, guaranteed, or insured by the mutual fund or its AMC. Due to the nature of the underlying investments, the returns or the potential returns of a mutual fund product cannot be guaranteed. When presented, historical performance is purely for reference purposes and does not guarantee future results)
Mutual funds are solely Distributed by GoldenFundswala under AMFI ARN- 246349, BSE Star MF- 57315
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
(SOURCE OF DATA : Source: Bloomberg, NASSCOM)