HDFC Technology Fund
HDFC Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund remains heavily concentrated in IT software, which accounts for nearly 60% of assets, with a meaningful telecom tilt through Bharti Airtel's outsized 15% weight. The manager is rotating within tech quality, trimming established IT heavyweights Infosys and HCL in favour of Coforge, signalling confidence in mid-cap tech players and mid-cycle software services strength. The minimal cash position and concentrated top-5 weighting reflect a high-conviction, growth-tilted approach suited for investors comfortable with sector bets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹10.5960 | -5.22% | -13.14% | -22.27% | -21.11% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
28
Top 5 Weight
53.42%
Top 10 Weight
72.85%
Active Share
—
Large Cap
57.74%
Gini
0.522
What Changed2026-03-31 → 2026-04-30
Holdings: 30 → 30+0 added−0 removed18 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. INE397D01024 | 15.22% |
| 2 | Infosys Limited INE009A01021 | 13.67% |
| 3 | Tata Consultancy Services Ltd. INE467B01029 | 11.40% |
| 4 | HCL Technologies Ltd. INE860A01027 | 7.64% |
| 5 | MphasiS Limited. INE356A01018 | 5.49% |
| 6 | Tech Mahindra Ltd. INE669C01036 | 5.05% |
| 7 | Zensar Technologies Ltd. INE520A01027 | 3.92% |
| 8 | INFO EDGE (INDIA) LIMITED INE663F01032 | 3.72% |
| 9 | Coforge Limited INE591G01025 | 3.39% |
| 10 | Firstsource Solutions Ltd. INE684F01012 | 3.35% |
| 11 | Eternal Limited INE758T01015 | 3.24% |
| 12 | Hexaware Technologies Ltd. INE093A01041 | 3.05% |
| 13 | Sonata Software Ltd. INE269A01021 | 2.59% |
| 14 | Sagility Limited INE0W2G01015 | 2.53% |
| 15 | Amagi Media Labs Limited INE121R01077 | 2.13% |
| 16 | Wipro Ltd. INE075A01022 | 1.52% |
| 17 | Tata Communications Limited INE151A01013 | 1.43% |
| 18 | Indus Towers Limited INE121J01017 | 1.42% |
| 19 | Brainbees Solutions Limited (FirstCry) INE02RE01045 | 1.41% |
| 20 | Bharti Hexacom Limited INE343G01021 | 1.23% |
Sector Allocation
IT - Software59.4%
Telecom - Services19.3%
Retailing8.4%
IT - Services5.2%
Commercial Services & Supplies5.0%
Financial Technology (Fintech)1.1%
Entertainment0.3%
Top 10 sectors by % to NAV. Excludes derivatives.