HDFC Technology Fund vs Tata NIFTY India Digital Exchange Traded Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Technology Fund is a Thematic fund and Tata NIFTY India Digital Exchange Traded Fund is an Index fund. In the 3 years to 30-10-2026, HDFC Technology Fund (Direct) returned 9.3% a year and Tata NIFTY India Digital Exchange Traded Fund returned 11.4% a year. HDFC Technology Fund charges 1.10% a year and Tata NIFTY India Digital Exchange Traded Fund 0.50%. Their portfolios overlap 53.2%: they hold 18 of the same securities.
Tata NIFTY India Digital Exchange Traded Fund
Index
- 3 year return
- 11.4%
- Expense ratio
- 0.50%
- NAV
- ₹89.28
Which is better, HDFC Technology or Tata NIFTY India Digital Exchange Traded? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY India Digital Exchange Traded returned more over 3 years: 11.4% a year against 9.3%.
- Tata NIFTY India Digital Exchange Traded returned more over 1 year: −7.8% against −9.9%.
- Tata NIFTY India Digital Exchange Traded costs less: 0.50% a year against 1.10%.
- HDFC Technology swung less over 3 years: a standard deviation of 17.7% a year against 17.8%.
- Tata NIFTY India Digital Exchange Traded fell less in its worst fall since 08-09-2023: −27.4% against −30.6%.
- HDFC Technology is the larger fund: ₹1,371 Cr against ₹165 Cr.
- Their portfolios overlap 53.2%: 18 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 | Tata NIFTY India Digital Exchange Traded Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹1,371 Cr (30-09-2026) | ₹165 Cr (30-09-2026) |
| NAV | ₹12.64 (Direct) | ₹89.28 |
| Expense ratio (Direct) | 1.10% | Not available |
| Expense ratio (Regular) | 2.14% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE Teck TRI | Nifty India Digital TRI |
| Launch date | 08-09-2023 | 31-03-2022 |
| Minimum investment | ₹100 | Not available |
| Lock in | None | None |
| Fund managers | Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar | Nitin Sharma, Rakesh Prajapati |
| 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. | Nil |
HDFC Technology vs Tata NIFTY India Digital Exchange Traded: 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% | -- | -- |
| Tata NIFTY India Digital Exchange Traded Fund | +6.82% | −0.43% | +10.64% | −7.79% | +11.42% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Technology vs Tata NIFTY India Digital Exchange Traded: Year-wise Returns
| Year | HDFC TechnologyHDFC Technology | Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded |
|---|---|---|
| 2026to date | −11.06% | −8.49% |
| 2025 | −4.32% | −2.43% |
| 2024 | +34.90% | +33.74% |
| 2023 | -- | +39.16% |
HDFC Technology vs Tata NIFTY India Digital Exchange Traded: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of HDFC Technology Fund
Rolling returns
Every 3-year holding period, 34 of them, one for each trading day from 08-09-2026 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)
Tata NIFTY India Digital Exchange Traded Fund
BSE TECK TRI
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
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 Technology | 0.0 | 14.7 | 85.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 5.6% | 4.7% | 9.9% | 100% |
| Tata NIFTY India Digital Exchange Traded | 0.0 | 0.0 | 67.6 | 32.4 | 0.0 | 0.0 | 0.0 | 9.6% | 9.5% | 7.8% | 12.0% | 100% |
| BSE TECK TRI | 0.0 | 82.4 | 17.6 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6% | 1.5% | 0.7% | 6.8% | -- |
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 08-09-2023. Past returns do not promise future returns.
HDFC Technology vs Tata NIFTY India Digital Exchange Traded: 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 08-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC TechnologyHDFC Technology Fund (Direct) | ₹3,80,000 | ₹3,88,251 | ₹8,251 | 1.3% |
| Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded Fund | ₹3,80,000 | ₹4,00,674 | ₹20,674 | 3.3% |
HDFC TechnologyHDFC Technology Fund (Direct)
Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded Fund
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 Tata NIFTY India Digital Exchange Traded: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Technology Fund (Direct) | Tata NIFTY India Digital Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | −9.86% | −7.79% |
| Standard deviation | 19.36% | 17.82% |
| Sharpe ratio | -0.78 | -0.73 |
| Sortino ratio | -1.08 | -0.99 |
| Maximum drawdown | −26.4% (01-07-2026) | −24.9% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −2.58% | −0.86% |
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) | Tata NIFTY India Digital Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | +9.26% | +11.42% |
| Standard deviation | 17.68% | 17.85% |
| Sharpe ratio | 0.18 | 0.30 |
| Sortino ratio | 0.27 | 0.43 |
| Maximum drawdown | −30.6% (01-07-2026) | −27.4% (31-03-2026) |
| Beta | 0.95 | 1.00 |
| Alpha | +2.63% | −0.78% |
From daily NAVs, 30-10-2023 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.
| Measure | HDFC Technology Fund (Direct) | Tata NIFTY India Digital Exchange Traded Fund |
|---|---|---|
| Return (CAGR) | +7.71% | +6.99% |
| Standard deviation | 17.38% | 17.65% |
| Sharpe ratio | 0.09 | 0.06 |
| Sortino ratio | 0.14 | 0.08 |
| Maximum drawdown | −30.6% (01-07-2026) | −27.4% (31-03-2026) |
| Beta | 0.94 | 0.99 |
| Alpha | +2.43% | −0.40% |
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)
Tata NIFTY India Digital Exchange Traded Fund
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% |
| Tata NIFTY India Digital Exchange Traded Fund | −27.4% | 16-12-2024 | 31-03-2026 | Not yet | -- | −14.2% |
| BSE TECK TRI | −31.1% | 13-12-2024 | 01-07-2026 | Not yet | -- | −19.2% |
From daily values since 08-09-2023, 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)
Tata NIFTY India Digital Exchange Traded Fund
BSE TECK TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Technology Fund (Direct)
Tata NIFTY India Digital Exchange Traded Fund
BSE TECK TRI
Against BSE TECK TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Technology Fund (Direct) | 101% | 91% | 4.47% |
| Tata NIFTY India Digital Exchange Traded Fund | 97% | 80% | 9.11% |
From month-end values since 08-09-2023. 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 Tata NIFTY India Digital Exchange Traded: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Technology Fund, September 2026; Tata NIFTY India Digital Exchange Traded Fund, September 2026
Holdings in common
- Overlap
- 53.2%
- Held by both
- 18
- Only in HDFC Technology
- 9
- Only in Tata NIFTY India Digital Exchange Traded
- 33
| Security | % of HDFC Technology | % of Tata NIFTY India Digital Exchange Traded |
|---|---|---|
| HCL Technologies Ltd. | 7.60% | 8.06% |
| Tata Consultancy Services Ltd. | 9.16% | 7.10% |
| Infosys Limited | 11.14% | 6.87% |
| Bharti Airtel Ltd. | 13.74% | 6.83% |
| Tech Mahindra Ltd. | 5.12% | 5.67% |
| INFO EDGE (INDIA) LIMITED | 4.64% | 4.23% |
| Eternal Limited | 3.94% | 9.11% |
| Coforge Limited | 4.56% | 3.56% |
| MphasiS Limited. | 5.03% | 1.67% |
| Tata Communications Limited | 1.42% | 1.76% |
| Persistent Systems Limited | 1.07% | 3.35% |
| Bharti Hexacom Limited | 1.12% | 0.97% |
| PB Fintech Limited | 0.87% | 3.33% |
| Sagility Limited | 2.50% | 0.57% |
| Hexaware Technologies Ltd. | 3.54% | 0.43% |
| Brainbees Solutions Limited (FirstCry) | 1.03% | 0.37% |
| Sonata Software Ltd. | 2.54% | 0.29% |
| Zensar Technologies Ltd. | 3.12% | 0.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.2% means 53.2% 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 |
|---|---|
| Firstsource Solutions Ltd. | 4.30% |
| eClerx Services Limited | 3.06% |
| Amagi Media Labs Limited | 2.55% |
| Shiprocket Limited | 1.81% |
| Moneyview Limited | 1.46% |
Largest holdings only in Tata NIFTY India Digital Exchange Traded Fund
| Security | % of fund |
|---|---|
| ONE 97 COMMUNICATIONS LTD | 6.40% |
| FSN E COMMERCE VENTURES LTD | 3.97% |
| VODAFONE IDEA LTD | 3.23% |
| SWIGGY LTD | 3.22% |
| WIPRO LTD | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Technology | Tata NIFTY India Digital Exchange Traded |
|---|---|---|
| Equity | 98.5% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 0.0% |
Market cap of stocks
| Market cap | HDFC Technology | Tata NIFTY India Digital Exchange Traded |
|---|---|---|
| Large Cap | 52.0% | 51.6% |
| Mid Cap | 18.7% | 36.9% |
| Small Cap | 24.5% | 11.5% |
| Not on AMFI's list | 3.3% | 0.0% |
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 | Tata NIFTY India Digital Exchange Traded |
|---|---|---|
| IT - Software | 52.9% | 45.5% |
| Retailing | 9.6% | 24.1% |
| Telecom - Services | 17.6% | 13.2% |
| Financial Technology (Fintech) | 0.9% | 10.1% |
| Commercial Services & Supplies | 8.3% | 0.0% |
| IT - Services | 5.5% | 4.0% |
| Leisure Services | 0.0% | 2.0% |
| Transport Services | 1.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Technology vs Tata NIFTY India Digital Exchange Traded: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Technology Fund | Tata NIFTY India Digital Exchange Traded Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | Not available |
| Base expense ratio (Direct) | 0.91% | 0.34% |
| Total expense ratio (Regular) | 2.14% | Not available |
| Base expense ratio (Regular) | 1.81% | 0.00% |
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 Technology Fund vs Tata NIFTY India Digital Exchange Traded Fund: Frequently Asked Questions
What is the difference between HDFC Technology Fund and Tata NIFTY India Digital Exchange Traded Fund?
HDFC Technology Fund is a Thematic fund, Tata NIFTY India Digital Exchange Traded Fund is an Index fund, run by HDFC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 53.2%. HDFC Technology Fund charges 1.10% a year and Tata NIFTY India Digital Exchange Traded Fund 0.50%.
Which has given higher returns, HDFC Technology Fund or Tata NIFTY India Digital Exchange Traded Fund?
Over 1 year: HDFC Technology Fund −9.86%, Tata NIFTY India Digital Exchange Traded Fund −7.79%. Over 3 years: HDFC Technology Fund +9.26% a year, Tata NIFTY India Digital Exchange Traded Fund +11.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Technology Fund or Tata NIFTY India Digital Exchange Traded Fund?
Tata NIFTY India Digital Exchange Traded Fund charges less: 0.50% a year against 1.10%. These are the total expense ratios reported to AMFI.
How much do HDFC Technology Fund and Tata NIFTY India Digital Exchange Traded Fund overlap?
53.2%. They hold 18 of the same securities, the largest shared ones being HCLTECH, TCS, INFY. From each fund's latest monthly portfolio.
Which is riskier, HDFC Technology Fund or Tata NIFTY India Digital Exchange Traded Fund?
On SEBI's riskometer, HDFC Technology Fund is rated Very High and Tata NIFTY India Digital Exchange Traded Fund Very High. Over 3 years, the standard deviation of daily returns was 17.68% and 17.85% a year.
Which is better for SIP, HDFC Technology Fund or Tata NIFTY India Digital Exchange Traded Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,75,621 in HDFC Technology Fund (XIRR 1.0% a year) and ₹3,86,924 in Tata NIFTY India Digital Exchange Traded Fund (XIRR 2.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Technology Fund and Tata NIFTY India Digital Exchange Traded Fund?
Yes. 53.2% 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 Tata NIFTY India Digital Exchange Traded Fund?
HDFC Technology Fund: Balakumar B, Gopal Agrawal, Bhagyesh Kagalkar. Tata NIFTY India Digital Exchange Traded Fund: Nitin Sharma, Rakesh Prajapati.
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.