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5 Top Performing Technology Mutual Funds To Invest In 2021

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IT sectoral mutual funds invest in the equities of technology companies with the goal of generating long-term capital gains. For a long time, India's IT sector has been a key driver of the country's economy. Some sectors of IT mutual funds have achieved outstanding returns in recent years and have the potential to continue to do so in the future. In terms of investment prospects, technology funds have grown fairly popular. This is due to the IT sector's continual expansion in GDP share and increasing IT products and services. With such a fantastic return, they can be a superb diversification option for investors hoping to profit from the country's rapidly rising technological sector.

 

These funds are best suited for investors who can closely monitor the performance of the market's IT stocks, as the funds are entirely reliant on them.

ICICI Pru Technology

ICICI Pru Technology

ICICI Prudential Technology Direct Plan-Growth is an ICICI Prudential Mutual Fund Equity mutual fund program. Since its introduction, the ICICI Prudential Technology Direct Plan-Growth scheme has returned 134.39 percent in the last year, 137.92 percent in the last three years, and 606.06 percent since its launch. The minimum SIP investment for this scheme is Rs 100. The Fund has an AUM of 2,792 crores.

If you have invested Rs 5000 per month SIP, the returns would have been Rs 2,82,846 by the end of three years

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. This fund has been accorded a 3-star rating from CRISIL.

TATA Digital India Fund
 

TATA Digital India Fund

Tata Mutual Fund's Tata Digital India Fund Direct-Growth is an equity mutual fund strategy. Meeta Shetty is the fund manager for this plan, which was launched on December 28, 2015. Since its inception, Tata Digital India Fund Direct-Growth has returned 116.84 percent in the first year, 126.47 percent in the second year, and 232.18 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. The AUM of Tata Digital India Fund is Rs 1,464 Crs. Exit load of 0.25% if redeemed within 30 days. The fund has an expense ratio of 0.72%.

TATA Digital India Fund

Tata Mutual Fund's Tata Digital India Fund Direct-Growth is an equity mutual fund strategy. Meeta Shetty is the fund manager for this plan, which was launched on December 28, 2015. Since its inception, Tata Digital India Fund Direct-Growth has returned 116.84 percent in the first year, 126.47 percent in the second year, and 232.18 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. The AUM of Tata Digital India Fund is Rs 1,464 Crs. Exit load of 0.25% if redeemed within 30 days. The fund has an expense ratio of 0.72%.

Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund Direct-Growth is an equity mutual fund scheme managed by Kunal Sangoi, which was launched on 01 January 2013. It has an AUM of 1,413.07 crores, and the most recent NAV declared as of 30 June 2021 at 9:52 pm is 121.650.

The return on Aditya Birla Sun Life Digital India Fund Direct-Growth scheme has been 112.01 percent in the last year, 136.21 percent in the last three years, and 569.88 percent since its inception. The minimum SIP amount for this scheme is Rs 1,000.

The top 5 holdings are Infosys, TCS, Tech Mahindra, HCL, and Cyient Ltd. The fun has an exit load of 1% if redeemed within 30 days. The fund has an expense ratio of 1.18%.

SBI Technology Opportunities Fund

SBI Technology Opportunities Fund

SBI Technology Opportunities Fund Direct-Growth (SBI Technology Opportunities Fund Direct-Growth) is an SBI Mutual Fund equity mutual fund strategy. It has an AUM of 738.84 crores, and the most recent NAV declared as of 30 June 2021 is 137.538 crores.

SBI Technology Opportunities Fund Direct-Growth plan has returned 95.72 percent in the last year, 112.80 percent in the last three years, and 497.21 percent since its inception. The minimum SIP amount for this scheme is Rs500.

The top 3 holdings are Infosys, HCL, TCS, and Alphabet Inc Class A.

There is an exit load of 0.50% if redeemed within 15 days. The fund has an expense ratio of 1.34%.

Franklin India Technology Fund

Franklin India Technology Fund

The Franklin India Technology Fund Direct-Growth is a Growth mutual fund scheme from Franklin India. It has an AUM of 553.99 Crores and a NAV of 322.506 as of 30 Jun 2021.

Since its inception, Franklin India Technology Fund Direct-Growth has returned 79.52 percent in the first year, 103.30 percent in the second year, and 426.66 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 3 holdings are Infosys, HCL, TCS, and others

There is an exit load of 1% if redeemed within one year. The fund has an expense ratio of 1.63%.

Fund Name1 Year Return3-year ReturnSince Inception
ICICI Pru Technology 137.21% 33.67% 25.99%
TATA Digital India Fund 118.79% 31.46% 24.54%
Aditya Birla Sun Life Digital India Fund 113.86% 33.43% 25.21%
SBI Technology Opportunities Fund 97.09% 28.90% 23.58%
Franklin India Technology Fund 78.73% 26.59% 21.60%

Disclaimer

Disclaimer

Goodreturns has taken utmost care in the compilation of data for this article. We are not a qualified financial advisors and any information herein is not investment advice. It is informational. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

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