IT Sector Mutual Funds: Revealing to The World of Innovation

Overview of IT Sector Mutual Funds

Excited to invest in tomorrow’s innovations? Begin with IT Sector Mutual Funds.

Today’s Invest, Tomorrow’s Innovation!!

IT Sector Funds invests in a variety of companies that relate to the technology sector. These companies are not limited only to software these also include hardware, telecommunication, electronics, semiconductors, internet services, etc.

The rapid increase in the use of technology in recent years gives exposure for effective growth in investors’ funds and also in the market’s economy.

This fund is a forward step in the world of innovation. These funds have high growth potential that tweaks your portfolio but also high risks.   

These funds are an opportunity to become a part of growth and innovation.

With the rapid increase in innovations, let’s explore more about this dynamic sector.

Is it good to Invest in IT Sector Mutual Funds?

Opting for IT funds investment can be a great option for high growth potential. These funds have a wide range of sectors that reduce the risk that an individual stock performance takes.

These funds are more suited for investors who have high-risk tolerance, and goal of long-term horizon. These IT Sector mutual funds are managed by professionals who keep track of the emerging technologies in the market. And make strategies according to your financial goals, investment timeline, etc.

There are big companies such as Apple, Google, and Microsoft, and new emerging tech companies are included in these funds.

As the world is becoming more digital nowadays, technical solutions are so much in demand that this sector has long-term potential.

As the tech sector is the fastest-growing sector nowadays, investments in technology mutual funds can lead to a significant return over time.

Moving one step ahead, let’s explore some of the best tech mutual funds.

4 Best IT Mutual Fund

Now, let’s look at some of the best tech mutual funds that are investing in the technology sector.

Tata Digital India Regular Growth Funds

This scheme of sectoral mutual funds was launched on December 12, 2015, and aims for long-term capitalization by investing 80% of its net assets in companies in the technology sector.

Recently, funds have been managed by fund manager Ms. Meeta Shetty. She has work experience with Kotak Securities, HDFC Securities, AMSEC (Asian Market Securities), Dalal & Broacha Stock Broking and Karvey Stock Broking.

Assets Under Management (AUM) of the scheme since its launching is Rs. 12,052 Crores with a return of 20.66%.

SBI Technology Opportunities Regular Growth Funds

These sectoral mutual funds were launched on January 1, 2013. This mutual fund seeks high-return appreciation for the long term.

The current fund manager of these schemes is Mr. Vivek Gedda.

He has worked with HSBC Securities and Capital Market India Ltd., HSBC Electronic Data Processing India Pvt. Ltd.

It was Rs. 4,435.14 Crores of Assets Under Management (AUM) since its launching along with the return of 21.02%.

Franklin India Technology Funds

These tech funds were released on August 22, 1998, and managed by the fund manager Mr. Venkatesh Sanjeevi.

He has prior experience working with Pictet Asset Management, London, ICICI Prudential AMC, Edelweiss Asset Mgmt Ltd., Edelweiss Securities Ltd., and Hindustan Unilever Ltd.

There have been approx. of total Rs. 1,903.89 Crores of Assets Under Management (AUM) along with an approximate return of 19.59% since its launching.

Kotak Technology Regular Growth Funds

This tech-oriented fund was launched on March 4, 2024, with the aim of long-term growth potential appreciation for its investors.

These funds are currently managed by the fund manager Mr. Harish Upadhyaya with experience of 23 years in working with various companies includes DSP BlackRock Investment Mangers. Prabhudas Lilladher Pvt. Ltd., SG Asia Securities, Reliance Group, and UTI Asset Management Co. Ltd.

Total assets managed by the fund house till now is of approximation Rs. 558 Crores with the healthy return of 25.74% till now.

Moving ahead to gain knowledge that why its beneficial to invest in this dynamic sector of mutual funds.

What are the Pros of IT Sector Mutual Funds?

Here are some points mentioned below that assure you that investing in the best IT Sector Mutual Funds is a good option.

1. With the constant growth in innovation and advancement in technology, investing in tech funds becomes a good opportunity for investors to overall improve their portfolio.

• There are many sectors included in technology that give an exposure of gain in stocks within the sector.

• Provides liquidity to the investors as bonds and stocks are easily accessible. They can be bought and sold at any time during the market hours whenever required.

• Digitalization makes the monitoring process easy as all the transactions and related information are available online.

• Funds are under the monitoring of expertise as they keep track of the market strategies that benefit the investors in balancing the risks of underperformance regarding the stocks.

Moving toward the summary that gives the conclusion about the dynamic sector of mutual funds.

The Bottom Line

As an investor, you should have enough knowledge that allow you to move forward toward the technology sector. The technology sector is a game-changer in the expansion of mutual funds. These funds offer a consistent return for investors who have high-risk tolerance and long-term goals.
Enhancement in transparency and accessibility makes the investors hassle-free. Investment in SIP makes a habit of saving through regular contributions and improves the portfolio of investors.