HDFC Nifty India Digital Index Fund vs ICICI Prudential Technology Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty India Digital Index Fund is an Index fund and ICICI Prudential Technology Fund is a Thematic fund. In the year to 30-10-2026, HDFC Nifty India Digital Index Fund (Direct) returned −7.7% and ICICI Prudential Technology Fund (Direct) returned −9.2%. HDFC Nifty India Digital Index Fund charges 0.41% a year and ICICI Prudential Technology Fund 1.21% (Direct plans). Their portfolios overlap 53.3%: they hold 35 of the same securities.
HDFC Nifty India Digital Index Fund
Index
- 1 year return
- −7.7%
- Expense ratio
- 0.41%
- NAV
- ₹8.69
ICICI Prudential Technology Fund
Thematic
- 1 year return
- −9.2%
- Expense ratio
- 1.21%
- NAV
- ₹205.84
Which is better, HDFC Nifty India Digital Index or ICICI Prudential Technology? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty India Digital Index returned more over 1 year: −7.7% against −9.2%.
- HDFC Nifty India Digital Index costs less: 0.41% a year against 1.21% (Direct plans).
- HDFC Nifty India Digital Index fell less in its worst fall since 11-12-2024: −27.6% against −28.0%.
- ICICI Prudential Technology holds 5.7% of the fund in foreign stocks; HDFC Nifty India Digital Index 0.0%.
- ICICI Prudential Technology is the larger fund: ₹12,505 Cr against ₹141 Cr.
- Their portfolios overlap 53.3%: 35 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Nifty India Digital Index Fund | ICICI Prudential Technology Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹141 Cr (30-09-2026) | ₹12,505 Cr (30-09-2026) |
| NAV | ₹8.69 (Direct) | ₹205.84 (Direct) |
| Expense ratio (Direct) | 0.41% | 1.21% |
| Expense ratio (Regular) | 0.88% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Digital TRI | BSE Teck TRI |
| Launch date | 11-12-2024 | 03-03-2000 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Vaibhav Dusad, Sharmila D'silva |
| Exit load | NIL | 1% of applicable Net Asset Value – If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment. |
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Nifty India Digital Index Fund (Direct) | +7.22% | +0.04% | +11.09% | −7.65% | -- | -- | -- |
| ICICI Prudential Technology Fund (Direct) | +8.35% | +0.04% | +8.41% | −9.15% | +8.32% | +4.04% | +18.05% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Year-wise Returns
| Year | HDFC Nifty India Digital IndexHDFC Nifty India Digital Index | ICICI Prudential TechnologyICICI Prudential Technology |
|---|---|---|
| 2026to date | −8.33% | −11.81% |
| 2025 | −2.33% | −1.16% |
| 2024 | -- | +26.38% |
| 2023 | -- | +28.53% |
| 2022 | -- | −22.28% |
| 2021 | -- | +77.76% |
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Rolling Returns
Every holding period of both funds, against Nifty India Digital TRI, the benchmark of HDFC Nifty India Digital Index Fund
Rolling returns
Every 1-year holding period, 217 of them, one for each trading day from 11-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
HDFC Nifty India Digital Index Fund (Direct)
ICICI Prudential Technology Fund (Direct)
Nifty India Digital TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Nifty India Digital Index | 86.6 | 13.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −5.6% | −5.7% | −16.8% | 3.8% | 0% |
| ICICI Prudential Technology | 94.5 | 5.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −8.4% | −8.8% | −21.1% | 1.8% | 1% |
| Nifty India Digital TRI | 82.0 | 18.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −5.1% | −5.2% | −16.4% | 4.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Digital TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-12-2024. Past returns do not promise future returns.
HDFC Nifty India Digital Index vs ICICI Prudential Technology: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 11-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Nifty India Digital IndexHDFC Nifty India Digital Index Fund (Direct) | ₹2,30,000 | ₹2,30,946 | ₹946 | 0.4% |
| ICICI Prudential TechnologyICICI Prudential Technology Fund (Direct) | ₹2,30,000 | ₹2,24,465 | −₹5,535 | −2.4% |
HDFC Nifty India Digital IndexHDFC Nifty India Digital Index Fund (Direct)
ICICI Prudential TechnologyICICI Prudential Technology Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty India Digital Index Fund (Direct) | ICICI Prudential Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.65% | −9.15% |
| Standard deviation | 17.85% | 17.68% |
| Sharpe ratio | -0.72 | -0.81 |
| Sortino ratio | -0.98 | -1.11 |
| Maximum drawdown | −25.1% (31-03-2026) | −25.1% (30-03-2026) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.69% | −1.44% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Nifty India Digital Index Fund (Direct) | ICICI Prudential Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.19% | +18.61% |
| Standard deviation | 18.44% | 17.70% |
| Sharpe ratio | -0.69 | 0.71 |
| Sortino ratio | -0.94 | 1.01 |
| Maximum drawdown | −27.6% (31-03-2026) | −35.1% (23-03-2020) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.62% | +5.74% |
From daily NAVs, 11-12-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Nifty India Digital Index Fund (Direct)
ICICI Prudential Technology Fund (Direct)
Nifty India Digital TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Nifty India Digital Index Fund (Direct) | −27.6% | 16-12-2024 | 31-03-2026 | Not yet | -- | −14.0% |
| ICICI Prudential Technology Fund (Direct) | −28.0% | 13-12-2024 | 30-03-2026 | Not yet | -- | −17.7% |
| Nifty India Digital TRI | −27.0% | 16-12-2024 | 30-03-2026 | Not yet | -- | −12.9% |
From daily values since 11-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Nifty India Digital Index Fund (Direct)
ICICI Prudential Technology Fund (Direct)
Nifty India Digital TRI
Against Nifty India Digital TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Nifty India Digital Index Fund (Direct) | 99% | 101% | 0.11% |
| ICICI Prudential Technology Fund (Direct) | 91% | 98% | 6.05% |
From month-end values since 11-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Digital Index Fund, September 2026; ICICI Prudential Technology Fund, September 2026
Holdings in common
- Overlap
- 53.3%
- Held by both
- 35
- Only in HDFC Nifty India Digital Index
- 15
- Only in ICICI Prudential Technology
- 28
| Security | % of HDFC Nifty India Digital Index | % of ICICI Prudential Technology |
|---|---|---|
| Infosys Limited | 7.60% | 9.28% |
| Bharti Airtel Ltd. | 7.53% | 13.47% |
| Tech Mahindra Ltd. | 5.72% | 8.38% |
| HCL Technologies Ltd. | 7.48% | 4.21% |
| Coforge Limited | 3.60% | 3.92% |
| Eternal Limited | 7.31% | 2.50% |
| LTM Limited | 2.22% | 2.59% |
| Persistent Systems Limited | 3.39% | 2.12% |
| INFO EDGE (INDIA) LIMITED | 3.83% | 1.89% |
| Swiggy Limited | 3.04% | 1.82% |
| MphasiS Limited. | 1.69% | 4.39% |
| Wipro Ltd. | 2.54% | 1.39% |
| Tata Consultancy Services Ltd. | 7.53% | 1.18% |
| PB Fintech Limited | 3.06% | 0.89% |
| Bharti Hexacom Limited | 0.87% | 2.23% |
| Pine Labs Limited | 0.78% | 0.59% |
| Physicswallah Limited. | 0.59% | 0.91% |
| Sagility Limited | 0.58% | 2.54% |
| Inventurus Knowledge Solutions Limited | 0.54% | 0.61% |
| Netweb Technologies India Limited | 0.53% | 0.98% |
| L&T Technology Services Ltd. | 0.53% | 1.11% |
| Cyient Ltd. | 0.51% | 2.02% |
| KPIT Technologies Ltd | 0.49% | 0.87% |
| Tata Technologies Limited | 0.72% | 0.47% |
| Hexaware Technologies Ltd. | 0.43% | 1.45% |
| Indiamart Intermesh Limited | 0.41% | 1.22% |
| Tata Communications Limited | 1.58% | 0.40% |
| AFFLE 3I LIMITED | 0.57% | 0.33% |
| Brainbees Solutions Limited (FirstCry) | 0.33% | 0.71% |
| TBO TEK LIMITED | 0.47% | 0.31% |
| Zensar Technologies Ltd. | 0.28% | 0.69% |
| Birlasoft Limited | 0.27% | 0.74% |
| Tata Elxsi Ltd. | 0.63% | 0.23% |
| Fractal Analytics Limited | 0.21% | 0.36% |
| Intellect Design Arena Limited | 0.33% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.3% means 53.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Nifty India Digital Index Fund
| Security | % of fund |
|---|---|
| One 97 Communications Limited | 5.85% |
| Fsn Ecommerce Ventures Limited (Nykaa) | 3.55% |
| VODAFONE IDEA LIMITED | 2.89% |
| Meesho Limited | 1.69% |
| Oracle Financial Ser Software Ltd. | 1.50% |
Largest holdings only in ICICI Prudential Technology Fund
| Security | % of fund |
|---|---|
| Rategain Travel Technologies Ltd. | 1.30% |
| Mastek Ltd. | 1.26% |
| Wework India Management Ltd | 1.12% |
| Hindustan Aeronautics Ltd. | 1.11% |
| C.E.Info Systems Ltd. | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Digital Index | ICICI Prudential Technology |
|---|---|---|
| Equity | 97.6% | 98.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 1.7% |
Market cap of stocks
| Market cap | HDFC Nifty India Digital Index | ICICI Prudential Technology |
|---|---|---|
| Large Cap | 50.8% | 44.8% |
| Mid Cap | 35.3% | 19.7% |
| Small Cap | 11.5% | 28.0% |
| Foreign stocks | 0.0% | 5.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | HDFC Nifty India Digital Index | ICICI Prudential Technology |
|---|---|---|
| It - Software | 0.0% | 46.5% |
| IT - Software | 45.9% | 0.0% |
| Retailing | 21.6% | 8.1% |
| Telecom - Services | 13.2% | 16.1% |
| Financial Technology (Fintech) | 9.7% | 1.5% |
| It - Services | 0.0% | 9.3% |
| IT - Services | 4.2% | 0.0% |
| It Consulting & Other Services | 0.0% | 4.2% |
| Capital Markets | 0.0% | 3.4% |
| Leisure Services | 1.8% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Digital Index vs ICICI Prudential Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Digital Index Fund | ICICI Prudential Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 1.21% |
| Base expense ratio (Direct) | 0.30% | 0.89% |
| Total expense ratio (Regular) | 0.88% | 1.87% |
| Base expense ratio (Regular) | 0.71% | 1.46% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Technology with
HDFC Nifty India Digital Index Fund vs ICICI Prudential Technology Fund: Frequently Asked Questions
What is the difference between HDFC Nifty India Digital Index Fund and ICICI Prudential Technology Fund?
HDFC Nifty India Digital Index Fund is an Index fund, ICICI Prudential Technology Fund is a Thematic fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 53.3%. HDFC Nifty India Digital Index Fund charges 0.41% a year and ICICI Prudential Technology Fund 1.21%.
Which has given higher returns, HDFC Nifty India Digital Index Fund or ICICI Prudential Technology Fund?
Over 1 year: HDFC Nifty India Digital Index Fund −7.65%, ICICI Prudential Technology Fund −9.15%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Nifty India Digital Index Fund or ICICI Prudential Technology Fund?
HDFC Nifty India Digital Index Fund charges less: 0.41% a year against 1.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty India Digital Index Fund and ICICI Prudential Technology Fund overlap?
53.3%. They hold 35 of the same securities, the largest shared ones being INFY, BHARTIARTL, TECHM. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Digital Index Fund or ICICI Prudential Technology Fund?
On SEBI's riskometer, HDFC Nifty India Digital Index Fund is rated Very High and ICICI Prudential Technology Fund Very High. Over 1 years, the standard deviation of daily returns was 17.85% and 17.68% a year.
Can I invest in both HDFC Nifty India Digital Index Fund and ICICI Prudential Technology Fund?
Yes. 53.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Nifty India Digital Index Fund and ICICI Prudential Technology Fund?
HDFC Nifty India Digital Index Fund: Nandita Menezes, Arun Agarwal. ICICI Prudential Technology Fund: Vaibhav Dusad, Sharmila D'silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.