HDFC Technology Fund NFO: Everything you need to know

25 Aug 2023 , 11:39 AM

HDFC Mutual Fund is launching NFO under its “sector category”, named as HDFC Technology Fund. This open-ended fund aims to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related companies.

Investment strategy: The fund will follow a bottom-up approach to stock-picking and choose companies which are expected to derive benefit from development, use and advancement of technology.

Asset allocation: The Scheme will invest in predominantly in equity & equity related instruments of companies of Technology & technology related companies.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in HDFC Technology Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE Teck Index

Fund Managers: Mr. Balakumar B and Mr. Dhruv Mucchal.

The NFO is available for subscription from August 25 to September 05. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HDFC Technology Fund.