HDFC Technology Fund vs Kotak Technology Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Technology Fund is a Thematic fund and Kotak Technology Fund is a Thematic fund. In the year to 30-10-2026, HDFC Technology Fund (Direct) returned −9.9% and Kotak Technology Fund (Direct) returned −7.3%. HDFC Technology Fund charges 1.10% a year and Kotak Technology Fund 1.13% (Direct plans). Their portfolios overlap 51.8%: they hold 13 of the same securities.
Which is better, HDFC Technology or Kotak Technology? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Technology returned more over 1 year: −7.3% against −9.9%.
- HDFC Technology costs less: 1.10% a year against 1.13% (Direct plans).
- Kotak Technology fell less in its worst fall since 07-03-2024: −28.6% against −30.6%.
- Kotak Technology holds 3.2% of the fund in foreign stocks; HDFC Technology 0.0%.
- HDFC Technology is the larger fund: ₹1,371 Cr against ₹479 Cr.
- Their portfolios overlap 51.8%: 13 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 Technology Fund | Kotak Technology Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,371 Cr (30-09-2026) | ₹479 Cr (30-09-2026) |
| NAV | ₹12.64 (Direct) | ₹11.08 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.13% |
| Expense ratio (Regular) | 2.14% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Teck TRI | BSE Teck TRI |
| Launch date | 08-09-2023 | 04-03-2024 |
| Minimum investment | ₹100 | Rs. 100/- and any amount thereafter |
| Lock in | None | None |
| Fund managers | Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar | Shibani Kurian, Abhishek Bisen |
| Exit load | In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed /switched-out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed / switched out after 30 days from the date of allotment. | 0.5% for redemption within 30 Days |
HDFC Technology vs Kotak 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 Technology Fund (Direct) | +11.54% | +0.54% | +12.22% | −9.86% | +9.26% | -- | -- |
| Kotak Technology Fund (Direct) | +8.04% | +2.07% | +10.38% | −7.34% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Technology vs Kotak Technology: Year-wise Returns
| Year | HDFCHDFC Technology | KotakKotak Technology | BSE TECK TRI |
|---|---|---|---|
| 2026to date | −11.06% | −8.84% | −11.48% |
| 2025 | −4.32% | −4.38% | −3.10% |
| 2024 | +34.90% | -- | +24.26% |
HDFC Technology vs Kotak Technology: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 405 of them, one for each trading day from 07-03-2025 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 Technology Fund (Direct)
Kotak Technology Fund (Direct)
BSE TECK TRI
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 Technology | 73.6 | 3.7 | 4.0 | 4.9 | 8.4 | 5.2 | 0.2 | −3.4% | −5.9% | −25.3% | 26.3% | 53% |
| Kotak Technology | 75.6 | 3.9 | 3.2 | 9.6 | 6.7 | 1.0 | 0.0 | −3.3% | −5.6% | −22.1% | 21.6% | 87% |
| BSE TECK TRI | 77.8 | 4.0 | 6.7 | 9.6 | 2.0 | 0.0 | 0.0 | −5.3% | −7.3% | −24.5% | 18.3% | -- |
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 BSE TECK 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 07-03-2024. Past returns do not promise future returns.
HDFC Technology vs Kotak 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 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC TechnologyHDFC Technology Fund (Direct) | ₹3,20,000 | ₹3,14,911 | −₹5,089 | −1.2% |
| Kotak TechnologyKotak Technology Fund (Direct) | ₹3,20,000 | ₹3,19,254 | −₹746 | −0.2% |
HDFC TechnologyHDFC Technology Fund (Direct)
Kotak TechnologyKotak 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 Technology vs Kotak Technology: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Technology Fund (Direct) | Kotak Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.86% | −7.34% |
| Standard deviation | 19.36% | 16.94% |
| Sharpe ratio | -0.78 | -0.74 |
| Sortino ratio | -1.08 | -1.00 |
| Maximum drawdown | −26.4% (01-07-2026) | −24.1% (30-06-2026) |
| Beta | 0.99 | 0.86 |
| Alpha | −2.58% | −0.08% |
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 Technology Fund (Direct) | Kotak Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.71% | +3.89% |
| Standard deviation | 17.38% | 16.76% |
| Sharpe ratio | 0.09 | -0.12 |
| Sortino ratio | 0.14 | -0.17 |
| Maximum drawdown | −30.6% (01-07-2026) | −28.6% (30-06-2026) |
| Beta | 0.94 | 0.89 |
| Alpha | +2.43% | +3.45% |
From daily NAVs, 08-09-2023 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 Technology Fund (Direct)
Kotak Technology Fund (Direct)
BSE TECK TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Technology Fund (Direct) | −30.6% | 13-12-2024 | 01-07-2026 | Not yet | -- | −18.5% |
| Kotak Technology Fund (Direct) | −28.6% | 16-12-2024 | 30-06-2026 | Not yet | -- | −16.9% |
| BSE TECK TRI | −31.1% | 13-12-2024 | 01-07-2026 | Not yet | -- | −19.2% |
From daily values since 07-03-2024, 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 Technology Fund (Direct)
Kotak Technology Fund (Direct)
BSE TECK TRI
Against BSE TECK TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Technology Fund (Direct) | 101% | 93% | 4.78% |
| Kotak Technology Fund (Direct) | 93% | 82% | 6.07% |
From month-end values since 07-03-2024. 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 Technology vs Kotak Technology: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Technology Fund, September 2026; Kotak Technology Fund, September 2026
Holdings in common
- Overlap
- 51.8%
- Held by both
- 13
- Only in HDFC Technology
- 14
- Only in Kotak Technology
- 12
| Security | % of HDFC Technology | % of Kotak Technology |
|---|---|---|
| Bharti Airtel Ltd. | 13.74% | 11.29% |
| Infosys Limited | 11.14% | 16.10% |
| Tech Mahindra Ltd. | 5.12% | 7.94% |
| Coforge Limited | 4.56% | 4.56% |
| MphasiS Limited. | 5.03% | 4.09% |
| Eternal Limited | 3.94% | 7.30% |
| HCL Technologies Ltd. | 7.60% | 3.06% |
| Sagility Limited | 2.50% | 1.85% |
| Shiprocket Limited | 1.81% | 2.34% |
| Firstsource Solutions Ltd. | 4.30% | 1.41% |
| Indus Towers Limited | 1.32% | 3.16% |
| Bharti Hexacom Limited | 1.12% | 3.73% |
| Persistent Systems Limited | 1.07% | 4.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.8% means 51.8% 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 Technology Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 9.16% |
| INFO EDGE (INDIA) LIMITED | 4.64% |
| Hexaware Technologies Ltd. | 3.54% |
| Zensar Technologies Ltd. | 3.12% |
| eClerx Services Limited | 3.06% |
Largest holdings only in Kotak Technology Fund
| Security | % of fund |
|---|---|
| LENSKART SOLUTIONS LIMITED | 4.23% |
| Dixon Technologies India Ltd | 3.20% |
| SWIGGY LTD | 3.05% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 2.22% |
| TBO TEK LIMITED | 1.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Technology | Kotak Technology |
|---|---|---|
| Equity | 98.5% | 98.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 1.7% |
Market cap of stocks
| Market cap | HDFC Technology | Kotak Technology |
|---|---|---|
| Large Cap | 52.0% | 52.6% |
| Mid Cap | 18.7% | 30.8% |
| Small Cap | 24.5% | 7.6% |
| Foreign stocks | 0.0% | 3.2% |
| Not on AMFI's list | 3.3% | 4.2% |
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 Technology | Kotak Technology |
|---|---|---|
| IT - Software | 52.9% | 47.4% |
| Telecom - Services | 17.6% | 18.2% |
| Retailing | 9.6% | 16.2% |
| Commercial Services & Supplies | 8.3% | 0.0% |
| IT - Services | 5.5% | 1.9% |
| Transport Services | 1.8% | 3.5% |
| Commercial Services and Supplies | 0.0% | 3.3% |
| Consumer Durables | 0.0% | 3.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Technology vs Kotak Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Technology Fund | Kotak Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.13% |
| Base expense ratio (Direct) | 0.91% | 0.88% |
| Total expense ratio (Regular) | 2.14% | 2.56% |
| Base expense ratio (Regular) | 1.81% | 2.09% |
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 HDFC Technology with
HDFC Technology Fund vs Kotak Technology Fund: Frequently Asked Questions
What is the difference between HDFC Technology Fund and Kotak Technology Fund?
HDFC Technology Fund is a Thematic fund, Kotak Technology Fund is a Thematic fund, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 51.8%. HDFC Technology Fund charges 1.10% a year and Kotak Technology Fund 1.13%.
Which has given higher returns, HDFC Technology Fund or Kotak Technology Fund?
Over 1 year: HDFC Technology Fund −9.86%, Kotak Technology Fund −7.34%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Technology Fund or Kotak Technology Fund?
HDFC Technology Fund charges less: 1.10% a year against 1.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Technology Fund and Kotak Technology Fund overlap?
51.8%. They hold 13 of the same securities, the largest shared ones being BHARTIARTL, INFY, TECHM. From each fund's latest monthly portfolio.
Which is riskier, HDFC Technology Fund or Kotak Technology Fund?
On SEBI's riskometer, HDFC Technology Fund is rated Very High and Kotak Technology Fund Very High. Over 1 years, the standard deviation of daily returns was 19.36% and 16.94% a year.
Can I invest in both HDFC Technology Fund and Kotak Technology Fund?
Yes. 51.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Technology Fund and Kotak Technology Fund?
HDFC Technology Fund: Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar. Kotak Technology Fund: Shibani Kurian, Abhishek Bisen.
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.