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5 Best Performing Technology (IT) Sector Funds 2021
India's technology sector is rapidly evolving, and it is reshaping the country's corporate standards. India's global sourcing market continues to expand at a faster rate. With a share of 55%, India remained the world's top sourcing destination in 2016-17.
Investing in this fund should primarily be done for diversification purposes. For wealth building, one should not rely only on this money. Investors considering technology funds should keep a close eye on the funds' performance during the last three years. A thorough understanding of the technology industry and its future market is required. Here are the best-performing IT sector funds to consider.
ICICI Prudential Technology Direct Plan
ICICI Prudential Technology Direct Plan-Growth is a medium-sized fund in its category, with assets under management (AUM) of 6,887 crores. The fund's expense ratio is 0.79 percent, which is lower than the expense ratios charged by most other Sectoral-Technology funds.
The last one-year returns on ICICI Prudential Technology Direct Plan-Growth are 95.03 percent. It has returned an average of 28.25 percent per year since its inception.
Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Tech Mahindra Ltd., and Persistent Systems Ltd. are the fund's top five holdings.
Tata Digital India Fund
Tata Digital India Fund Direct-Growth had Rs 3,842 crores in assets under management (AUM), making it a medium-sized fund in its category.
The fund's expense ratio is 0.43 percent, which is lower than the expense ratios charged by most other Sectoral-Technology funds.
The 1-year returns for the Tata Digital India Fund Direct-Growth are 93.80%. It has returned an average of 27.89 percent per year since its inception.
The fund's top 5 holdings are in Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., HCL Technologies Ltd., Persistent Systems Ltd.
The scheme aims to achieve long-term capital appreciation by investing at least 80% of its net assets in stock and equity-related securities of companies in India's Information Technology sector.
Aditya Birla Digital India Fund
Aditya Birla Sun Life Digital India Fund Direct-Growth has assets under management (AUM) of 2,658 crores, making it a medium-sized fund in its category. The fund's expense ratio is 1.02 percent, which is comparable to the expense ratios charged by most other Sectoral-Technology funds.
Aditya Birla Sun Life Digital India Fund Direct-Growth gains have been 82.34 percent during the last year. It has returned an average of 26.78 percent per year since its inception. Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., HCL Technologies Ltd., and Bharti Airtel Ltd. are the fund's top five holdings. The majority of the money in the fund is invested in the Technology, Communication, Services, Consumer Durables, and Engineering industries.
SBI Technology Opportunities Fund
SBI Technology Opportunities Fund-Growth has assets under management (AUM) of 1,891 crores, making it a medium-sized fund in its category. The fund has a 2.27 percent expense ratio, which is higher than most other Sectoral-Technology funds.
SBI Technology Opportunities Fund's 1-year growth returns are 80.20 percent. It has had an average yearly return of 16.61 percent since its inception. Infosys Ltd., Alphabet Inc Class A, HCL Technologies Ltd., Tech Mahindra Ltd., and Tata Consultancy Services Ltd. are the fund's top five holdings. By investing in a diversified portfolio of equity and debt securities, the scheme aims to provide the investor with the chance for long-term financial appreciation.
Franklin India Technology Fund
Franklin India Technology Fund Direct-Growth is a medium-sized fund in its category, with assets under management (AUM) of 721 crores. The fund has a 1.47 percent expense ratio, which is higher than most other Sectoral-Technology funds.
Franklin India Technology Fund Direct has a 1-year growth rate of 55.86 percent. It has returned an average of 23.05 percent per year since its inception. Infosys Ltd., TCS Ltd., and HCL Technologies Ltd. are among the fund's top five positions. The programme aims to achieve above-average capital appreciation by investing in high-quality, fast-growing information technology companies. When it comes to stock pricing, the Fund will take a bottom-up approach.
Disclaimer
The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature.
