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HDFC Nifty India Digital Index Fund - Growth Option - Regular is an index scheme managed by HDFC Mutual Fund. It has ranked in the top half of its category for 0 of the last 1 reported years. The total expense ratio is 0.84% on assets of ₹139Cr. The fund is currently managed by Nandita Menezes, appointed within the last year.
Lower is better.
This scheme classifies as Large-Blend on the 3x3 equity style box, with 85% of its portfolio classified as of 2026-04-30.
| Holding | Sector |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| BHARTI AIRTEL LIMITED EQ NEW FV RS 5/- | Communication Services | 7.53% |
| ZOMATO LIMITED EQ | Consumer Cyclical | 7.47% |
| TATA CONSULTANCY SERVICES LIMITED EQ NEW FV RE.1/- | Technology | 7.42% |
| INFOSYS LIMITED EQ FV RS 5 | Technology | 6.65% |
| HCL TECHNOLOGIES LIMITED EQ F.V. RS.2/- | Technology | 6.28% |
| PB FINTECH LIMITED EQ NEW FV RS. 2/- | Financial Services | 5.98% |
| TECH MAHINDRA LIMITED EQ NEW FV RS. 5/- | Technology | 5.72% |
| ONE 97 COMMUNICATIONS LIMITED EQ NEW FV RE.1/- | Technology | 4.86% |
| EQ - INFO-EDGE (INDIA) LTD. | Communication Services | 3.92% |
| Swiggy Pvt Ltd | Consumer Cyclical | 3.91% |
| FSN E-COMMERCE VENTURES LIMITED EQ NEW FV RE.1/- | Consumer Cyclical | 3.82% |
| WIPRO LIMITED EQ F.V. RS. 2 | Technology | 3.50% |
| Persistent Systems Ltd | Technology | 3.19% |
| VODAFONE IDEA LIMITED EQ | Communication Services | 2.97% |
| LTIMINDTREE LIMITED EQ | Technology | 2.42% |
| TATA COMMUNICATIONS LIMITED EQ | Communication Services | 1.96% |
| MPHASIS LIMITED EQ | Technology | 1.84% |
| INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED EQ NEW FV RS. 2/- | Consumer Cyclical | 1.72% |
| ORACLE FINANCIAL SERVICES SOFTWARE LIMITED EQ FV RS.5/- | Technology | 1.42% |
| TATA ELXSI LIMITED EQ | Technology | 0.87% |
| KPIT TECHNOLOGIES LIMITED EQ | Technology | 0.76% |
| CARTRADE TECH LIMITED EQ | Consumer Cyclical | 0.72% |
| INDIAMART INTERMESH LIMITED EQ | Consumer Cyclical | 0.68% |
| L&T TECHNOLOGY SERVICES LIMITED EQ | Technology | 0.61% |
| TATA TECHNOLOGIES LIMITED EQ NEW FV RS. 2/- | Technology | 0.61% |
| Sector | Holdings | Weight |
|---|---|---|
| IT - Software | 19 | 44.79% |
| Retailing | 9 | 22.19% |
| Telecom - Services | 5 | 14.19% |
| Financial Technology (Fintech) | 2 | 11.20% |
| IT - Services | 6 | 3.31% |
| Leisure Services | 3 | 2.53% |
| Telecom - Equipment & Accessories | 2 | 0.66% |
| Telecom - Equipment & Accessories | 2 | 0.66% |
| Other Consumer Services | 1 | 0.53% |
| IT - Hardware | 1 | 0.41% |
Active bets vs the average Index fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 59.7% means concentration is in line with most actively-managed Indian equity funds. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Index.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 4 data points.