HDFC Asset Management Company (HDFC AMC), the investment manager of HDFC Mutual Fund (HDFC MF), announced the launch of HDFC Technology Fund, an open-ended equity scheme. The scheme intends to invest in technology and technology related companies with bottom-up approach for stock selection. It aims to embrace the technological revolution and invest in the possibilities of the future.
An open-ended equity scheme investing in Technology & technology related companies
The fund “HDFC Technology fund” include Technology & technology related companies like…
• IT services, software, consulting, and outsourcing companies
• IT products and hardware including computers, electronic components etc.
• Internet companies and internet enabled services including Fintech, e-retail/ecommerce, technology platforms, IoT (Internet of Things) and other digital service providers
• Infrastructure providers and Telecommunications, including networking, wireless, and wire-line services, equipment, software and support
• Media and information services, including the distribution of information and content providers
• Data and data solutions providers
To Invest in Mirae Asset Multicap Fund (NFO) contact us…
HDFC Technology Fund (NFO) Details
| Particular | Details |
| NFO Open | 25 Aug 2023 |
| NFO Close | 05 Sep 2023 |
| NFO Re-Open | 14 Sep 2023 |
| Scheme TYPE | Open-Ended |
| Purchase Mode | Lumpsum & SIP both |
| Minimum Application Amount | ₹100/- and any amount thereafter |
| Benchmark | S&P BSE TECk Index |
| Fund Manager | Mr. Balakumar B |
| Riskometer | Very High |
To Invest in Mirae Asset Multicap Fund (NFO) contact us…
HDFC Technology Fund (NFO) Objectives
• To generate long-term capital appreciation
• Investment predominantly in equity & equity related instruments of Technology & technology related companies
HDFC Technology Fund (NFO) Investment strategy
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 providers
Multi-Cap Strategy
- Technology space offers depth and diversity – The Scheme would invest across segments and market capitalization
Stock Selection: Bottom-up Approach
- Industry leaders and disruptors with competitive moats
- Market share gainers with potential for re-rating and higher compounding
- Reasonable valuations
Risk Discloser – MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. The Scheme being sectoral in nature carries higher risks versus diversified equity mutual funds on account of concentration and sector specific risks. Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
