Kotak Technology Fund vs LIC MF Technology Fund
Direct Plan, Growth option · Data as on 29-10-2026
Kotak Technology Fund is a Thematic fund and LIC MF Technology Fund is a Thematic fund. Kotak Technology Fund charges 1.13% a year and LIC MF Technology Fund 1.07% (Direct plans). Their portfolios overlap 45.0%: they hold 12 of the same securities.
Which is better, Kotak 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 1.13% (Direct plans).
- LIC MF Technology fell less in its worst fall since 19-03-2026: −6.8% against −9.2%.
- Kotak Technology holds 3.2% of the fund in foreign stocks; LIC MF Technology 0.0%.
- Kotak Technology holds more in large companies: 52.6% of the fund in large caps against 38.5%.
- Kotak Technology is the larger fund: ₹479 Cr against ₹90 Cr.
- Their portfolios overlap 45.0%: 12 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 | Kotak Technology Fund | LIC MF Technology Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | LIC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹479 Cr (30-09-2026) | ₹90 Cr (30-09-2026) |
| NAV | ₹11.08 (Direct) | ₹11.33 (Direct) |
| Expense ratio (Direct) | 1.13% | 1.07% |
| Expense ratio (Regular) | 2.56% | 2.81% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Teck TRI | BSE Teck TRI |
| Launch date | 04-03-2024 | 13-03-2026 |
| Minimum investment | Rs. 100/- and any amount thereafter | ₹1,000 |
| Lock in | None | None |
| Fund managers | Shibani Kurian, Abhishek Bisen | Sumit Bhatnagar, Siddharth Panjwani |
| Exit load | 0.5% for redemption within 30 Days | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
Kotak 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 |
|---|---|---|---|---|---|---|---|
| Kotak Technology Fund (Direct) | +8.04% | +2.07% | +10.38% | −7.34% | -- | -- | -- |
| 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.
Kotak Technology vs LIC MF Technology: Year-wise Returns
| Year | KotakKotak Technology | LIC MFLIC MF Technology | BSE TECK TRI |
|---|---|---|---|
| 2026to date | −8.84% | -- | −12.44% |
| 2025 | −4.38% | -- | −3.10% |
Kotak Technology vs LIC MF Technology: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of both
Kotak 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 | Kotak Technology Fund (Direct) | LIC MF Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.89% | +22.17% |
| Standard deviation | 16.76% | 12.78% |
| Sharpe ratio | -0.12 | 1.32 |
| Sortino ratio | -0.17 | 1.95 |
| Maximum drawdown | −28.6% (30-06-2026) | −6.8% (30-09-2026) |
| Beta | 0.89 | 0.53 |
| Alpha | +3.45% | +9.83% |
From daily NAVs, 07-03-2024 to 29-10-2026. 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.
Kotak 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 |
|---|---|---|---|---|---|---|
| Kotak Technology Fund (Direct) | −9.2% | 21-04-2026 | 30-06-2026 | 28-07-2026 | 28 days | −0.4% |
| 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.
Kotak Technology vs LIC MF Technology: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Technology Fund, September 2026; LIC MF Technology Fund, September 2026
Holdings in common
- Overlap
- 45.0%
- Held by both
- 12
- Only in Kotak Technology
- 13
- Only in LIC MF Technology
- 18
| Security | % of Kotak Technology | % of LIC MF Technology |
|---|---|---|
| BHARTI AIRTEL LTD. | 11.29% | 9.04% |
| Infosys Ltd. | 16.10% | 7.38% |
| ETERNAL LIMITED | 7.30% | 5.51% |
| Tech Mahindra Ltd. | 7.94% | 5.10% |
| Persistent Systems Limited | 4.61% | 6.48% |
| Coforge Limited | 4.56% | 3.01% |
| Mphasis Ltd | 4.09% | 2.87% |
| LENSKART SOLUTIONS LIMITED | 4.23% | 2.44% |
| FSN E-Commerce Ventures Ltd. | 1.66% | 2.23% |
| Indus Towers Ltd. | 3.16% | 1.65% |
| DELHIVERY LTD | 1.16% | 2.73% |
| One 97 Communications Ltd | 0.53% | 1.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.0% means 45.0% 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 Kotak Technology Fund
| Security | % of fund |
|---|---|
| BHARTI HEXACOM LTD. | 3.73% |
| Dixon Technologies India Ltd | 3.20% |
| HCL Technologies Ltd. | 3.06% |
| SWIGGY LTD | 3.05% |
| SHIPROCKET LIMITED | 2.34% |
Largest holdings only in LIC MF Technology Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 4.79% |
| Rategain Travel Technologies Ltd. | 3.98% |
| Tata Communications Ltd. | 3.63% |
| Multi Commodity Exchange Of India Ltd. | 3.63% |
| BSE Ltd. | 2.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Technology | LIC MF Technology |
|---|---|---|
| Equity | 98.3% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 12.4% |
Market cap of stocks
| Market cap | Kotak Technology | LIC MF Technology |
|---|---|---|
| Large Cap | 52.6% | 38.5% |
| Mid Cap | 30.8% | 35.2% |
| Small Cap | 7.6% | 13.5% |
| Foreign stocks | 3.2% | 0.0% |
| Not on AMFI's list | 4.2% | 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 | Kotak Technology | LIC MF Technology |
|---|---|---|
| IT - Software | 47.4% | 33.6% |
| Telecom - Services | 18.2% | 14.3% |
| Retailing | 16.2% | 11.7% |
| Capital Markets | 2.2% | 6.6% |
| Electrical Equipment | 0.0% | 6.4% |
| IT - Services | 1.9% | 3.6% |
| Transport Services | 3.5% | 2.7% |
| Commercial Services and Supplies | 3.3% | 0.0% |
| Consumer Durables | 3.2% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Technology vs LIC MF Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Technology Fund | LIC MF Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.13% | 1.07% |
| Base expense ratio (Direct) | 0.88% | 0.62% |
| Total expense ratio (Regular) | 2.56% | 2.81% |
| Base expense ratio (Regular) | 2.09% | 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 Kotak Technology with
Kotak Technology Fund vs LIC MF Technology Fund: Frequently Asked Questions
What is the difference between Kotak Technology Fund and LIC MF Technology Fund?
Kotak Technology Fund is a Thematic fund, LIC MF Technology Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and LIC Mutual Fund. Their portfolios overlap 45.0%. Kotak Technology Fund charges 1.13% a year and LIC MF Technology Fund 1.07%.
Which has the lower expense ratio, Kotak Technology Fund or LIC MF Technology Fund?
LIC MF Technology Fund charges less: 1.07% a year against 1.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Technology Fund and LIC MF Technology Fund overlap?
45.0%. They hold 12 of the same securities, the largest shared ones being BHARTIARTL, INFY, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Technology Fund or LIC MF Technology Fund?
On SEBI's riskometer, Kotak Technology Fund is rated Very High and LIC MF Technology Fund Very High. Over their common history, the standard deviation of daily returns was 16.76% and 12.78% a year.
Can I invest in both Kotak Technology Fund and LIC MF Technology Fund?
Yes. 45.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Technology Fund and LIC MF Technology Fund?
Kotak Technology Fund: Shibani Kurian, Abhishek Bisen. 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.