HDFC Mutual Fund launches HDFC Technology Fund

HDFC Mutual Fund has launched HDFC Technology Fund, an open-ended equity scheme investing in technology & technology-related companies.

The performance of the scheme will be bench marked against S&P BSE Teck Index.

The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of technology & technology related companies.

The minimum application amount for purchase / switches is Rs 100 and any amount thereafter. The scheme will invest 80-100% in equity and equity related instruments of technology & technology related companies, 0-20% in equity and equity related instruments of companies other than technology & technology related companies, 0-10% in units of REITs and InvITs, 0-20% in debt securities, money market instruments and fixed income derivatives, and 0-20% in units of mutual fund.