www.hdfcfund.

com
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Embrace the
Techvolution
Invest in the potential of the future

NFO PERIOD:

HDFC Technology Fund

25th August to
5th September,
2023
(An open-ended equity scheme investing in Technology & technology related companies)

Increasing tech intensity is a secular trend, Increase in tech spending and offshoring
across markets and industries are medium term tailwinds for growth

Indian IT – Consistent market share gainer
Outperformed / evolved across tech cycles
Talent is India’s biggest moat in tech world
Digitalization in India has long runway
for growth
Aims to invest in companies with good growth,
good return ratios, better dividend yield at
reasonable valuation

India ranks amongst the best in Tech Talent Availability in addition to a Large Talent Pool

Indian Workforce highly skilled

One of the top in terms of AI skills 2nd largest in terms of AI/ML BDA talent 3rd globally, in terms of installed supply
penetration pool, globally of Cloud professionals.

Country-wise Tech Talent Distribution (%) Yearly STEM Graduates (in lakh)
25.00
USA 22.4

20% 20.00
India
15.00
Europe
42%
16% United Kingdom 10.00 7.9
6.5
4.9
Australia and New Zealand 5.00 3.9
16% 1.3
0.4 0.3 0.3 0.1
Others 0.00
India US Philipines Brazil UK Ukraine Israel Vietnam Poland Ireland
2%
4%
Note: Data excludes China Note: Data excludes China

Source: Bloomberg, NASSCOM. Data as of 2021. 1/2

IT has been a Success Story for India

Share of Indian IT Revenues as % of GDP

8.0% 7.4%
7.0%

Indian IT Revenues as a % of India’s GDP has 6.0%

5.0%
become sizeable over the years – ~7.5% in FY23
4.0%
3.0%
2.2%
2.0%
1.0%
FY02 FY05 FY08 FY13 FY18 FY23

Investment strategy

Core of the portfolio (> 80%) will be invested in stocks in technology & technology related
Core Portfolio
companies within the basic industries like

IT services, software, consulting, and outsourcing companies etc

IT products and hardware including computers, electronic components,
Internet companies and internet enabled services
Infrastructure providers and Telecommunications
Media and information services
Data and data solutions providers

Technology space offers depth and diversity – The Scheme would invest across segments
Multi-Cap Strategy
and market capitalization

Focus on:
Stock Selection:
Industry leaders and disruptors with competitive moats
Bottom-up Approach
Market share gainers with potential for re-rating and higher compounding
Reasonable valuations

Fund Facts

Name of the Scheme HDFC Technology Fund

Type of Scheme
Investment Objective
Benchmark Index
Fund Manager $
Investment Plans
Investment Options
Minimum Application
Amount
An open-ended equity scheme investing in Technology & technology related companies
To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology &
Technology related companies.
There is no assurance that the investment objective of the Scheme will be realized.
S&P BSE TECk Index
Mr. Balakumar B
• Direct Plan • Regular Plan
Under Each Plan: Growth, Income Distribution cum Capital Withdrawal – Payout and Reinvestment of IDCW
During NFO Period
Purchase: ₹100/- and any amount thereafter.
During continuous offer period (after scheme re-opens for repurchase and sale):
Purchase / Additional Purchase: ₹100/- and any amount thereafter.
Note: Allotment of units will be done after deduction of applicable stamp duty and transaction charges, if any.

Load Structure Entry Load : Nil.

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
1 year from the date of allotment.
No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. No Entry / Exit Load shall be levied on
bonus units and Units allotted on Re-investment of Income Distribution cum Capital Withdrawal. In respect of Systematic Transactions such
as SIP, Flex SIP, STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
$Fund Manager Overseas Investment – Mr Dhruv Muchhal. For further details, refer SID and KIM available on www.hdfcfund.com and at Investor Service Centres of HDFC Mutual Fund

HDFC Technology Fund (An open-ended equity scheme investing in Technology & technology Riskometer #
related companies) is suitable for investors who are seeking*: Modera
oderate High tely
o M
w t erate Hi
Mo Lo

• To generate long-term capital appreciation

gh
d

• Investment predominantly in equity & equity related instruments of Technology & technology related companies
Very
High
Low

*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. RISKOMETER
# The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model Investors understand that their principal will be at
portfolio and the same may vary post NFO when the actual investments are made. very high risk

The Scheme being sectoral in nature carries higher risks versus diversified equity mutual funds on account of concentration and sector specific risks.
Release Date: August 21, 2023 2/2
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.