- HDFC Technology Fund focuses heavily on large-cap stocks within the technology sector, making it suitable for investors looking for stability and growth in well-established companies.
- HDFC Defence Fund diversifies more into small and mid-cap stocks within the defense sector, providing higher growth potential but with higher associated risks.
HDFC defense fund VS HDFC technology fund – Investment and Holdings
| Fund | Domestic Equities | Large Cap Stocks | Mid Cap Stocks | Small Cap Stocks | Number of Stocks |
| HDFC Technology Fund | 96.25% | 62.11% | 11.67% | 14.71% | 23 |
| HDFC Defence Fund | 96.48% | 3.91% | 18.56% | 31.08% | 22 |
HDFC defense fund VS HDFC technology fund – Suitability
| Fund | Suitable For |
| HDFC Technology Fund | Investors with advanced knowledge of macro trends, preferring selective bets for higher returns with moderate to high risk tolerance. |
| HDFC Defence Fund | Investors with advanced knowledge of macro trends, preferring selective bets for higher returns with moderate to high risk tolerance. |
HDFC defense fund VS HDFC technology fund – Performance
| Performance Metric | HDFC Technology Fund | HDFC Defence Fund |
| NAV | ₹11.20 (16th Apr 2024) | ₹15.51 (21st Feb 2024) |
| Benchmark | S&P BSE Teck: 16003.68 | Nifty India Defence TRI: 22040.70 |
HDFC defense fund VS HDFC technology fund – Returns
| Period | HDFC Technology Fund | HDFC Defence Fund |
| 1 Week | -3.05% | -2.74% |
| 1 Month | -1.69% | 14.34% |
| 3 Months | -5.84% | 33.40% |
| 6 Months | 7.32% | 59.68% |
| YTD | 0.59% | 40.62% |
| Since Inception | 10.84% | 114.69% |
HDFC defense fund VS HDFC technology fund – Portfolio Composition
| Portfolio Metrics | HDFC Technology Fund | HDFC Defence Fund |
| Equity | 96.25% | 96.48% |
| Debt | 0% | 0% |
| Others | 3.75% | 3.52% |
Top 10 Stock Holdings
| Stock | Sector | Value (Mn) | % of Total Holdings | 1M Change | Quantity |
| HDFC Technology Fund | |||||
| Infosys Ltd. | Computers – software & consulting | 1788.1 | 18.46% | -1.13% | 12.59 L |
| Tata Consultancy Services Ltd. | Computers – software & consulting | 1748.8 | 18.05% | -0.38% | 4.58 L |
| Bharti Airtel Ltd. | Telecom – cellular & fixed line | 1085.7 | 11.21% | 0.73% | 8.21 L |
| HCL Technologies Ltd. | Computers – software & consulting | 800 | 8.26% | -1.01% | 5.85 L |
| Mphasis Ltd. | Computers – software & consulting | 461.9 | 4.77% | 0.13% | 2.00 L |
| Info Edge (India) Ltd. | Internet & catalogue retail | 393.1 | 4.06% | 0.29% | 64.93 k |
| Tech Mahindra Ltd. | Computers – software & consulting | 369.8 | 3.82% | 0.09% | 2.93 L |
| Zomato Ltd. | E-retail/e-commerce | 336.1 | 3.47% | 0.18% | 17.40 L |
| Firstsource Solutions Ltd. | IT enabled services | 327 | 3.38% | 0.28% | 15.47 L |
| Zensar Technologies Ltd. | Computers – software & consulting | 273.6 | 2.82% | 0.01% | 4.46 L |
| Stock | Sector | Value (Mn) | % of Total Holdings | 1M Change | Quantity |
| HDFC Defence Fund | |||||
| Hindustan Aeronautics Ltd. | Aerospace & defense | 5465.9 | 20.27% | -0.26% | 13.88 L |
| Bharat Electronics Ltd. | Aerospace & defense | 5005.4 | 18.56% | 1.16% | 2.14 Cr |
| Premier Explosives Ltd. | Explosives | 1935 | 7.18% | 2.10% | 7.93 L |
| Solar Industries India Ltd. | Explosives | 1898.4 | 7.04% | -1.23% | 2.12 L |
| Astra Microwave Products Ltd. | Aerospace & defense | 1728.7 | 6.41% | -0.17% | 24.80 L |
| MTAR Technologies Ltd. | Aerospace & defense | 1602.7 | 5.94% | 0.06% | 8.50 L |
| Bharat Earth Movers Ltd. | Construction vehicles | 1543.3 | 5.72% | -0.65% | 4.40 L |
| Cyient DLM Ltd. | Industrial products | 1340 | 4.97% | 0.06% | 19.32 L |
| InterGlobe Aviation Ltd. | Airline | 1055.3 | 3.91% | -0.27% | 2.65 L |
| Avalon Technologies Ltd. | Other electrical equipment | 531.4 | 1.97% | 0.27% | 10.27 L |
Ultimately, both funds require an advanced understanding of macroeconomic trends and have the potential for significant returns, albeit with varying risk profiles and sector focuses.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered as investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
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HDFC Bank Mutual Funds