HDFC Technology Fund vs LIC MF Technology Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Technology Fund is a Thematic fund and LIC MF Technology Fund is a Thematic fund. HDFC Technology Fund charges 1.10% a year and LIC MF Technology Fund 1.07% (Direct plans). Their portfolios overlap 40.8%: they hold 11 of the same securities.
Which is better, HDFC Technology 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.
- LIC MF Technology costs less: 1.07% a year against 1.10% (Direct plans).
- LIC MF Technology fell less in its worst fall since 19-03-2026: −6.8% against −11.3%.
- HDFC Technology holds more in large companies: 52.0% of the fund in large caps against 38.5%.
- HDFC Technology is the larger fund: ₹1,371 Cr against ₹90 Cr.
- Their portfolios overlap 40.8%: 11 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 | LIC MF Technology Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | LIC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,371 Cr (30-09-2026) | ₹90 Cr (30-09-2026) |
| NAV | ₹12.64 (Direct) | ₹11.33 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.07% |
| Expense ratio (Regular) | 2.14% | 2.81% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Teck TRI | BSE Teck TRI |
| Launch date | 08-09-2023 | 13-03-2026 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar | Sumit Bhatnagar, Siddharth Panjwani |
| 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. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
HDFC Technology 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 Technology Fund (Direct) | +11.54% | +0.54% | +12.22% | −9.86% | +9.26% | -- | -- |
| 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 Technology vs LIC MF Technology: Year-wise Returns
| Year | HDFCHDFC Technology | LIC MFLIC MF Technology | BSE TECK TRI |
|---|---|---|---|
| 2026to date | −11.06% | -- | −11.48% |
| 2025 | −4.32% | -- | −3.10% |
| 2024 | +34.90% | -- | +24.26% |
HDFC Technology vs LIC MF Technology: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of both
HDFC Technology 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 Technology Fund (Direct) | LIC MF Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.71% | +22.17% |
| Standard deviation | 17.38% | 12.78% |
| Sharpe ratio | 0.09 | 1.32 |
| Sortino ratio | 0.14 | 1.95 |
| Maximum drawdown | −30.6% (01-07-2026) | −6.8% (30-09-2026) |
| Beta | 0.94 | 0.53 |
| Alpha | +2.43% | +9.83% |
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)
LIC MF 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) | −11.3% | 03-08-2026 | 30-09-2026 | Not yet | -- | −1.1% |
| LIC MF Technology Fund (Direct) | −6.8% | 28-08-2026 | 30-09-2026 | Not yet | -- | −2.1% |
| BSE TECK TRI | −11.5% | 08-04-2026 | 01-07-2026 | 29-07-2026 | 28 days | 0.0% |
From daily values since 19-03-2026, the first day every fund has.
HDFC Technology vs LIC MF Technology: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Technology Fund, September 2026; LIC MF Technology Fund, September 2026
Holdings in common
- Overlap
- 40.8%
- Held by both
- 11
- Only in HDFC Technology
- 16
- Only in LIC MF Technology
- 19
| Security | % of HDFC Technology | % of LIC MF Technology |
|---|---|---|
| Bharti Airtel Ltd. | 13.74% | 9.04% |
| Infosys Limited | 11.14% | 7.38% |
| Tech Mahindra Ltd. | 5.12% | 5.10% |
| Tata Consultancy Services Ltd. | 9.16% | 4.79% |
| Eternal Limited | 3.94% | 5.51% |
| Coforge Limited | 4.56% | 3.01% |
| MphasiS Limited. | 5.03% | 2.87% |
| Tata Communications Limited | 1.42% | 3.63% |
| Indus Towers Limited | 1.32% | 1.65% |
| Persistent Systems Limited | 1.07% | 6.48% |
| PB Fintech Limited | 0.87% | 1.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.8% means 40.8% 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 |
|---|---|
| HCL Technologies Ltd. | 7.60% |
| INFO EDGE (INDIA) LIMITED | 4.64% |
| Firstsource Solutions Ltd. | 4.30% |
| Hexaware Technologies Ltd. | 3.54% |
| Zensar Technologies Ltd. | 3.12% |
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 Technology | LIC MF Technology |
|---|---|---|
| Equity | 98.5% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 12.4% |
Market cap of stocks
| Market cap | HDFC Technology | LIC MF Technology |
|---|---|---|
| Large Cap | 52.0% | 38.5% |
| Mid Cap | 18.7% | 35.2% |
| Small Cap | 24.5% | 13.5% |
| Not on AMFI's list | 3.3% | 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 Technology | LIC MF Technology |
|---|---|---|
| IT - Software | 52.9% | 33.6% |
| Telecom - Services | 17.6% | 14.3% |
| Retailing | 9.6% | 11.7% |
| Commercial Services & Supplies | 8.3% | 0.0% |
| Capital Markets | 0.0% | 6.6% |
| Electrical Equipment | 0.0% | 6.4% |
| IT - Services | 5.5% | 3.6% |
| Transport Services | 1.8% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Technology vs LIC MF Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Technology Fund | LIC MF Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.07% |
| Base expense ratio (Direct) | 0.91% | 0.62% |
| Total expense ratio (Regular) | 2.14% | 2.81% |
| Base expense ratio (Regular) | 1.81% | 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
Compare HDFC Technology with
HDFC Technology Fund vs LIC MF Technology Fund: Frequently Asked Questions
What is the difference between HDFC Technology Fund and LIC MF Technology Fund?
HDFC Technology Fund is a Thematic fund, LIC MF Technology Fund is a Thematic fund, run by HDFC Mutual Fund and LIC Mutual Fund. Their portfolios overlap 40.8%. HDFC Technology Fund charges 1.10% a year and LIC MF Technology Fund 1.07%.
Which has the lower expense ratio, HDFC Technology Fund or LIC MF Technology Fund?
LIC MF Technology Fund charges less: 1.07% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Technology Fund and LIC MF Technology Fund overlap?
40.8%. They hold 11 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 LIC MF Technology Fund?
On SEBI's riskometer, HDFC Technology Fund is rated Very High and LIC MF Technology Fund Very High. Over their common history, the standard deviation of daily returns was 17.38% and 12.78% a year.
Can I invest in both HDFC Technology Fund and LIC MF Technology Fund?
Yes. 40.8% 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 LIC MF Technology Fund?
HDFC Technology Fund: Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar. 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.