Here are the top 5 funds in the best performing technology sector

Investment Tips: India’s technology sector is growing rapidly, and it is shaping the corporate standards of the country. India’s global sourcing market is expanding rapidly, with a share of 55%. India remained the world’s top sourcing destination in 2016-17.

Investments in technology funds should primarily be done for diversification purposes. One should not rely only on this money for wealth creation. Investors considering technology funds should keep a close watch on the fund’s performance over the past three years. A thorough understanding of the technology industry and its future market is needed. Here are some great performing IT sector funds for you to consider:-

ICICI Prudential Technology Direct Plan

• It is a medium size fund with assets under management (AUM) of Rs 6,887 crore.
• The fund has an expense ratio of 79 percent, which is lower than the expense ratio charged by most other regional-technology funds.
• The last one year return on ICICI Prudential Technology Direct Plan-Growth is 03 per cent.
• It has given an average return of 25 per cent per annum since its inception.
• Infosys Limited, Tata Consultancy Services Limited, HCL Technologies Limited, Tech Mahindra Limited and Persistent Systems Limited are the top 5 holdings of the fund.

Tata Digital India Fund

• Tata Digital India Fund Direct-Growth has Rs 3,842 crore in assets under management (AUM).
• It is a medium sized fund in its category.
• The fund has an expense ratio of 0.43 percent, which is lower than the expense ratio charged by most other sector-technology funds.
• The 1-year return of Tata Digital India Fund Direct-Growth is 93.80 per cent.
• It has given an average return of 27.89 per cent per annum since its inception.
• The top 5 holdings of the fund are in Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., HCL Technologies Ltd., Persistent Systems Ltd.

Aditya Birla Digital India Fund

• Aditya Birla Sun Life Digital India Fund Direct-Growth has assets under management (AUM) of Rs 2,658 crore, which makes it a mid-sized fund in its category.
• The fund has an expense ratio of 1.02 percent, which is comparable to the expense ratio charged by most other sector-technology funds.
• Aditya Birla Sun Life Digital India Fund Direct-Growth Gain during the last year stood at 82.34 per cent.
• It has given an average return of 26.78 per cent per annum since its inception.
• Infosys Limited, Tata Consultancy Services Limited, Tech Mahindra Limited, HCL Technologies Limited and Bharti Airtel Limited are the top five holdings of the fund.

SBI Technology Opportunities Fund

• SBI Technology Opportunities Fund-Growth has assets under management (AUM) of Rs 1,891 crore, which makes it a mid-sized fund in its category.
• The fund has an expense ratio of 2.27 percent, which is higher than most other sector-technology funds.
• SBI Technology Opportunities Fund has a 1-year growth return of 80.20 per cent.
• Its average annual return since its inception has been 16.61%.
• Infosys Ltd., Alphabet Inc. Class A, HCL Technologies Ltd., Tech Mahindra Ltd. and Tata Consultancy Services Ltd. are the top five holdings of the fund.

Franklin India Technology Fund

• Franklin India Technology Fund Direct-Growth is a mid-sized fund in its category with Assets Under Management (AUM) of 721 crores.
• The fund has an expense ratio of 1.47 percent, which is higher than most other sector-technology funds.
• The 1-year growth rate of Franklin India Technology Fund Direct is 55.86 percent.
• It has given an average return of 23.05 per cent per annum since its inception.
• Infosys Ltd., TCS Ltd. and HCL Technologies Ltd. are among the top five positions in the fund.

(Investment advice in any fund is not given by ABP News here. The information given here is for informational purposes only. Mutual fund investments are subject to market risk, read all scheme documents carefully. NAV can fluctuate depending on the factors and forces influencing the security market including fluctuations in interest rates.The past performance of a mutual fund may not necessarily reflect the future performance of the schemes. The mutual fund does not guarantee or guarantee any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are advised to review the prospectus carefully and seek specific legal, tax and scheme You are requested to seek expert professional advice regarding the financial implications of investing/participating in

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