Advanced technology | Business Upturn

HDFC Tech Fund: Portfolio Composition, 0.73% Increase in Short Term Returns, Comparitive Overview Etc.

Sadhika — Thu, 30 May 2024 10:49:52 +0000

HDFC Tech Fund Performance Overview

Short-Term Performance

In the short term, the fund has demonstrated stability amidst market fluctuations. Over the past week, investors saw a modest increase of 0.73%, and over the last month, the fund reported a marginal gain of 0.02%.

Medium-Term Performance

Over the past six months, the HDFC Technology Fund exhibited robust growth, with an impressive increase of 12.08%. This performance underscores the fund’s ability to deliver consistent returns despite short-term market uncertainties.

Long-Term Performance

In the long term, the fund has delivered steady growth, with a year-to-date increase of 3.31%. Since its inception on September 8, 2023, the fund has recorded an absolute return of 13.84%, underperforming the category average of 19.71%.

HDFC Tech Fund Portfolio

Portfolio Composition

With a well-diversified portfolio comprising 23 stocks, the fund strategically invests in key sectors such as computers, telecommunications, and e-commerce. Top holdings include leading companies like Infosys Ltd., Tata Consultancy Services Ltd., and Bharti Airtel Ltd., further enhancing the fund’s potential for growth and stability.

Sectoral Allocation and Suitability

The HDFC Technology Fund stands out with a notable allocation of 96.25% in domestic equities, strategically distributed among different market segments. Large Cap stocks account for 62.11%, Mid Cap stocks for 11.67%, and Small Cap stocks for 14.71%. This sectoral allocation is designed for investors who possess advanced knowledge of macro trends and are willing to take selective bets for potentially higher returns compared to other Equity funds. However, investors should be prepared for the possibility of moderate to high losses, even in a performing market.

Comparative Performance

Despite recent market challenges, the HDFC Technology Fund has displayed remarkable resilience, consistently outperforming its benchmark, the S&P BSE Teck index. Over various time frames, the fund has exhibited positive returns, showcasing its ability to navigate market volatility effectively.

HDFC Tech Fund Returns

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	17-May-24	10115.80	1.16%	–	1.43%	95/161
1 Month	24-Apr-24	10132.00	1.32%	–	4.33%	134/159
3 Month	23-Feb-24	9685.90	-3.14%	–	7.03%	148/153
6 Month	24-Nov-23	11260.80	12.61%	–	24.73%	127/144
YTD	01-Jan-24	10375.40	3.75%	–	14.46%	133/148

Tax Treatment

The fund’s tax treatment ensures transparency and efficiency for investors. Long-term capital gains tax at a rate of 10% applies if sold after one year from the purchase date, with any gains exceeding 1 lakh subject to taxation. Short-term capital gains tax at a rate of 15% applies if sold before one year from the purchase date.

Microsoft to roll out next significant upgrade for Windows 11 in September

Yakita Somani — Wed, 17 Aug 2022 11:36:48 +0000

Microsoft, a major player in the tech industry, has announced that it would roll out version 22H2 of Windows 11 on September 20.

On September 20, a week after the company’s regular Patch Tuesday fixes, Microsoft will release Windows 11 22H2 via Windows Update, according to sources familiar with the company’s strategy.

Windows Central recently disclosed the release date for 22H2. For months, Microsoft has been testing Windows 11 22H2, which will come with a variety of new enhancements, including programme folders in the Start menu, drag and drop on the taskbar, and new touch gestures and animations.

The company is also introducing a new Live Captions accessibility tool with 22H2, which is best suited for those who are hard of hearing, deaf, or who wish to automatically caption audio.

Similar to that, 22H2 has a new Voice Access capability that enables users to command their PCs verbally.

In Windows 11 22H2, the Task Manager is also getting a makeover with a new dark mode and a much nicer look that includes a new command bar and an efficiency mode to reduce resource consumption by apps.

Also much enhanced in 22H2 will be Snap Layouts, which will make it simpler to move an app to display all of the layouts users may use to arrange apps.

Microsoft is also developing tabs for File Explorer; these tabs won’t be available until after September 20. Another upgrade for 22H2 is anticipated for later this year, and it will contain File Explorer tabs and a new Suggested Actions feature.

DRDO develops new tech to protect India’s fighter jets against radar threats

News Desk — Wed, 25 Aug 2021 08:04:03 +0000

On Wednesday, The DRDO said its latest advanced chaff technology to safeguard IAF’s fighter jets provides passive jamming against infra-red and radar threats.

In collaboration with the Pune-based facility of the DRDO, the Defence Laboratory in Jodhpur has developed the advanced chaff material and chaff cartridge.

At a press conference on Wednesday, the Director of Defence Lab in Jodhpur Ravindra Kumar said chaff is a critical defence technology used to protect fighter aircraft from hostile radar threats. “In today’s electronic warfare, survivability of fighter aircraft is of prime concern because of advancement in modern radar threats. To ensure the survivability of aircraft, CounterMeasure Dispensing System (CMDS) is used which provides passive jamming against Infra-Red and radar threats, Kumar said.

He said the importance of this technology lies in the fact that a very little quantity of chaff material deployed in the air acts as a decoy to deflect enemy’s missiles for ensuring the safety of the fighter aircraft. Kumar said the technology has been given to the industry for production in large quantities to meet the annual rolling requirement of the Indian Air Force.

Earlier, Union Defence Minister Rajnath Singh had lauded the DRDO, IAF and the industry for indigenous development of this critical technology, terming it as one more step of DRDO towards ‘Atma Nirbhar Bharat’ in strategic defence technologies. Secretary Department of Defence R&D and Chairman DRDO Dr G Satheesh Reddy had also congratulated the teams associated with the successful development of this advanced technology aimed at strengthening the Indian Air Force.