HDFC Nifty India Digital Index Fund vs LIC MF Technology Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty India Digital Index Fund is an Index fund and LIC MF Technology Fund is a Thematic fund. HDFC Nifty India Digital Index Fund charges 0.41% a year and LIC MF Technology Fund 1.07% (Direct plans). Their portfolios overlap 46.9%: they hold 15 of the same securities.
HDFC Nifty India Digital Index Fund
Index
- Expense ratio
- 0.41%
- NAV
- ₹8.69
Which is better, HDFC Nifty India Digital Index or LIC MF 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 costs less: 0.41% a year against 1.07% (Direct plans).
- LIC MF Technology fell less in its worst fall since 19-03-2026: −6.8% against −9.9%.
- HDFC Nifty India Digital Index holds more in large companies: 50.8% of the fund in large caps against 38.5%.
- HDFC Nifty India Digital Index is the larger fund: ₹141 Cr against ₹90 Cr.
- Their portfolios overlap 46.9%: 15 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 | LIC MF Technology Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | LIC Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹141 Cr (30-09-2026) | ₹90 Cr (30-09-2026) |
| NAV | ₹8.69 (Direct) | ₹11.33 (Direct) |
| Expense ratio (Direct) | 0.41% | 1.07% |
| Expense ratio (Regular) | 0.88% | 2.81% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Digital TRI | BSE Teck TRI |
| Launch date | 11-12-2024 | 13-03-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Sumit Bhatnagar, Siddharth Panjwani |
| Exit load | NIL | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
HDFC Nifty India Digital Index vs LIC MF 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% | -- | -- | -- |
| LIC MF Technology Fund (Direct) | +5.11% | +1.54% | +8.31% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Nifty India Digital Index vs LIC MF Technology: Year-wise Returns
| Year | HDFC Nifty India Digital IndexHDFC Nifty India Digital Index | LIC MF TechnologyLIC MF Technology |
|---|---|---|
| 2026to date | −8.33% | -- |
| 2025 | −2.33% | -- |
HDFC Nifty India Digital Index vs LIC MF Technology: Rolling Returns
Every holding period of both funds, against Nifty India Digital TRI, the benchmark of HDFC Nifty India Digital Index Fund
HDFC Nifty India Digital Index vs LIC MF 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) | LIC MF Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.19% | +22.17% |
| Standard deviation | 18.44% | 12.78% |
| Sharpe ratio | -0.69 | 1.32 |
| Sortino ratio | -0.94 | 1.95 |
| Maximum drawdown | −27.6% (31-03-2026) | −6.8% (30-09-2026) |
| Beta | 1.00 | 0.53 |
| Alpha | −0.62% | +9.83% |
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)
LIC MF 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) | −9.9% | 28-08-2026 | 08-10-2026 | Not yet | -- | −3.1% |
| LIC MF Technology Fund (Direct) | −6.8% | 28-08-2026 | 30-09-2026 | Not yet | -- | −2.1% |
| Nifty India Digital TRI | −9.7% | 28-08-2026 | 08-10-2026 | Not yet | -- | −2.9% |
From daily values since 19-03-2026, the first day every fund has.
HDFC Nifty India Digital Index vs LIC MF Technology: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Digital Index Fund, September 2026; LIC MF Technology Fund, September 2026
Holdings in common
- Overlap
- 46.9%
- Held by both
- 15
- Only in HDFC Nifty India Digital Index
- 35
- Only in LIC MF Technology
- 15
| Security | % of HDFC Nifty India Digital Index | % of LIC MF Technology |
|---|---|---|
| Bharti Airtel Ltd. | 7.53% | 9.04% |
| Infosys Limited | 7.60% | 7.38% |
| Eternal Limited | 7.31% | 5.51% |
| Tech Mahindra Ltd. | 5.72% | 5.10% |
| Tata Consultancy Services Ltd. | 7.53% | 4.79% |
| Persistent Systems Limited | 3.39% | 6.48% |
| Coforge Limited | 3.60% | 3.01% |
| Fsn Ecommerce Ventures Limited (Nykaa) | 3.55% | 2.23% |
| MphasiS Limited. | 1.69% | 2.87% |
| Tata Communications Limited | 1.58% | 3.63% |
| One 97 Communications Limited | 5.85% | 1.31% |
| PB Fintech Limited | 3.06% | 1.30% |
| CarTrade Tech Limited | 1.01% | 1.51% |
| AFFLE 3I LIMITED | 0.57% | 2.36% |
| L&T Technology Services Ltd. | 0.53% | 1.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.9% means 46.9% 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 |
|---|---|
| HCL Technologies Ltd. | 7.48% |
| INFO EDGE (INDIA) LIMITED | 3.83% |
| Swiggy Limited | 3.04% |
| VODAFONE IDEA LIMITED | 2.89% |
| Wipro Ltd. | 2.54% |
Largest holdings only in LIC MF Technology Fund
| Security | % of fund |
|---|---|
| Rategain Travel Technologies Ltd. | 3.98% |
| Multi Commodity Exchange Of India Ltd. | 3.63% |
| Delhivery Ltd. | 2.73% |
| BSE Ltd. | 2.55% |
| Lenskart Solutions Ltd. | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Digital Index | LIC MF Technology |
|---|---|---|
| Equity | 97.6% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 12.4% |
Market cap of stocks
| Market cap | HDFC Nifty India Digital Index | LIC MF Technology |
|---|---|---|
| Large Cap | 50.8% | 38.5% |
| Mid Cap | 35.3% | 35.2% |
| Small Cap | 11.5% | 13.5% |
| Not on AMFI's list | 0.0% | 0.4% |
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 | LIC MF Technology |
|---|---|---|
| IT - Software | 45.9% | 33.6% |
| Retailing | 21.6% | 11.7% |
| Telecom - Services | 13.2% | 14.3% |
| Financial Technology (Fintech) | 9.7% | 2.6% |
| Capital Markets | 0.0% | 6.6% |
| Electrical Equipment | 0.0% | 6.4% |
| IT - Services | 4.2% | 3.6% |
| Leisure Services | 1.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Digital Index vs LIC MF Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Digital Index Fund | LIC MF Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 1.07% |
| Base expense ratio (Direct) | 0.30% | 0.62% |
| Total expense ratio (Regular) | 0.88% | 2.81% |
| Base expense ratio (Regular) | 0.71% | 2.10% |
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
HDFC Nifty India Digital Index Fund vs LIC MF Technology Fund: Frequently Asked Questions
What is the difference between HDFC Nifty India Digital Index Fund and LIC MF Technology Fund?
HDFC Nifty India Digital Index Fund is an Index fund, LIC MF Technology Fund is a Thematic fund, run by HDFC Mutual Fund and LIC Mutual Fund. Their portfolios overlap 46.9%. HDFC Nifty India Digital Index Fund charges 0.41% a year and LIC MF Technology Fund 1.07%.
Which has the lower expense ratio, HDFC Nifty India Digital Index Fund or LIC MF Technology Fund?
HDFC Nifty India Digital Index Fund charges less: 0.41% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty India Digital Index Fund and LIC MF Technology Fund overlap?
46.9%. They hold 15 of the same securities, the largest shared ones being BHARTIARTL, INFY, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Digital Index Fund or LIC MF Technology Fund?
On SEBI's riskometer, HDFC Nifty India Digital Index Fund is rated Very High and LIC MF Technology Fund Very High. Over their common history, the standard deviation of daily returns was 18.44% and 12.78% a year.
Can I invest in both HDFC Nifty India Digital Index Fund and LIC MF Technology Fund?
Yes. 46.9% 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 LIC MF Technology Fund?
HDFC Nifty India Digital Index Fund: Nandita Menezes, Arun Agarwal. LIC MF Technology Fund: Sumit Bhatnagar, Siddharth Panjwani.
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.