Technology Mutual Funds Average 6.29% Return in October; HDFC Technology Fund Leads

Anshul Mishra - 0 min read

Last Updated: 2nd November 2026 - 03:26 pm

Key Takeaways

  • Technology mutual funds generated an average 6.29% return in October 2026, according to Value Research data cited by Mint.
  • HDFC Technology Fund led the 13 schemes analysed with an 11.54% one-month return.
  • Kotak Technology Fund returned 8.86%, while ICICI Prudential Technology Fund gained 8.22%.

Technology-focused mutual funds were the strongest-performing equity fund category during October 2026, generating an average one-month return of 6.29%, according to Value Research data reported by Mint.

The analysis covered 13 technology schemes and used direct-plan returns. HDFC Technology Fund recorded the highest October gain at 11.54%, followed by Kotak Technology Fund at 8.86% and ICICI Prudential Technology Fund at 8.22%.

Tata Digital India Fund returned 7.99% during the month, while SBI Technology Opportunities Fund gained 7.91%. Franklin India Technology Fund and WhiteOak Capital Digital Bharat Fund also recorded gains of more than 7%.

Performance was not uniform across the category. Motilal Oswal Digital India Fund declined 2.72% in October, making it the only scheme among the 13 analysed to record a negative return. Quant Teck Fund gained a comparatively modest 1.67%.

The data also showed sizeable differences in scheme assets. ICICI Prudential Technology Fund, with AUM of ₹12,505 crore, was substantially larger than HDFC Technology Fund at ₹1,371 crore and Kotak Technology Fund at ₹479 crore as of the cited date.

These are historical one-month returns and should not be interpreted as an indication of future performance. Sector funds can also experience sharper fluctuations because their portfolios are concentrated in a specific segment of the market.

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