India’s technology industry isn’t just evolving—it’s surging. From powering government initiatives like Digital India to becoming a hub for AI, semiconductors, and enterprise cloud services, the tech sector is now a central pillar of India’s high-growth narrative.
Technology Sector Mutual Funds offer a streamlined way for investors to benefit from this expansion. Historically, these funds have delivered 15–20% annualised returns over five years, though with elevated Volatility.

In 2025, the growth story gets more compelling:
This article walks you through:
Let’s dive in.
Exports & Market Scale: Indian tech exports are estimated at ₹17.96 lakh crore (~US$210 billion) in FY25, with IT’s GDP contribution expected to hit 10% by 2026.
Software Products: The India software product domain is forecast to reach ₹8.68 lakh crore (US$100 billion) by 2025
Services Sector Growth: With a 13.4% CAGR from 2024 to 2030, India’s IT services market is projected to skyrocket from around US$69.2 billion in 2023 to US$166.4 billion by 2030.
Digital Infrastructure Expansion: Government programs like National Broadband Mission 2.0 and data‐centre incentives are generating robust infrastructure demand—not just gadgets but foundational growth.
Semiconductors & Electronics: Initiatives like the India Semiconductor Mission and state-level electronics manufacturing policies are aiming for a $50 billion electronics output and 1 million jobs in the coming years.
AI-Driven Shifts: Although some IT firms (e.g., TCS) are undergoing layoffs amid AI transitions, demand for AI and cybersecurity roles remains strong.
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Fund Selection Methodology used to find 9 funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) ICICI Prudential Technology Fund Growth ₹176.26
↓ -0.12 ₹13,540 5.5 4.4 -11.9 4.5 2.7 -1.9 Franklin India Technology Fund Growth ₹465.149
↑ 0.79 ₹1,754 7.9 4.9 -10.6 7.2 6.1 -1.5 SBI Technology Opportunities Fund Growth ₹197.13
↑ 0.05 ₹4,592 9 6.1 -9.8 6.7 5.7 1.5 TATA Digital India Fund Growth ₹40.6496
↑ 0.08 ₹10,214 7.4 5.3 -13.9 3.1 2.3 -9.7 Aditya Birla Sun Life Digital India Fund Growth ₹154.61
↓ -0.20 ₹4,022 9 9.5 -9.4 2.9 3.2 -5.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Sep 26 Research Highlights & Commentary of 5 Funds showcased
Commentary ICICI Prudential Technology Fund Franklin India Technology Fund SBI Technology Opportunities Fund TATA Digital India Fund Aditya Birla Sun Life Digital India Fund Point 1 Highest AUM (₹13,540 Cr). Bottom quartile AUM (₹1,754 Cr). Lower mid AUM (₹4,592 Cr). Upper mid AUM (₹10,214 Cr). Bottom quartile AUM (₹4,022 Cr). Point 2 Established history (26+ yrs). Oldest track record among peers (28 yrs). Established history (13+ yrs). Established history (10+ yrs). Established history (26+ yrs). Point 3 Top rated. Rating: 1★ (lower mid). Rating: 1★ (bottom quartile). Not Rated. Rating: 2★ (upper mid). Point 4 Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Point 5 5Y return: 2.66% (bottom quartile). 5Y return: 6.10% (top quartile). 5Y return: 5.73% (upper mid). 5Y return: 2.30% (bottom quartile). 5Y return: 3.16% (lower mid). Point 6 3Y return: 4.55% (lower mid). 3Y return: 7.21% (top quartile). 3Y return: 6.73% (upper mid). 3Y return: 3.06% (bottom quartile). 3Y return: 2.91% (bottom quartile). Point 7 1Y return: -11.91% (bottom quartile). 1Y return: -10.62% (lower mid). 1Y return: -9.77% (upper mid). 1Y return: -13.85% (bottom quartile). 1Y return: -9.44% (top quartile). Point 8 Alpha: 1.49 (lower mid). Alpha: -0.48 (bottom quartile). Alpha: 3.79 (top quartile). Alpha: -2.19 (bottom quartile). Alpha: 3.74 (upper mid). Point 9 Sharpe: -0.39 (lower mid). Sharpe: -0.47 (bottom quartile). Sharpe: -0.30 (top quartile). Sharpe: -0.48 (bottom quartile). Sharpe: -0.31 (upper mid). Point 10 Information ratio: 0.52 (bottom quartile). Information ratio: 0.57 (upper mid). Information ratio: 0.66 (top quartile). Information ratio: 0.53 (lower mid). Information ratio: -0.02 (bottom quartile). ICICI Prudential Technology Fund
Franklin India Technology Fund
SBI Technology Opportunities Fund
TATA Digital India Fund
Aditya Birla Sun Life Digital India Fund
All the funds mentioned above are ideal, we are giving you detailed analysis of 3 funds.
To generate long-term capital appreciation for you from a portfolio made up predominantly of equity and equity-related securities of technology intensive companies. Research Highlights for ICICI Prudential Technology Fund Below is the key information for ICICI Prudential Technology Fund Returns up to 1 year are on To provide long-term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies. Research Highlights for Franklin India Technology Fund Below is the key information for Franklin India Technology Fund Returns up to 1 year are on (Erstwhile SBI IT Fund) To provide the investors maximum growth opportunity through equity
investments in stocks of growth oriented sectors of the economy. Research Highlights for SBI Technology Opportunities Fund Below is the key information for SBI Technology Opportunities Fund Returns up to 1 year are on 1. ICICI Prudential Technology Fund
ICICI Prudential Technology Fund
Growth Launch Date 3 Mar 00 NAV (10 Sep 26) ₹176.26 ↓ -0.12 (-0.07 %) Net Assets (Cr) ₹13,540 on 31 Jul 26 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk High Expense Ratio 1.75 Sharpe Ratio -0.4 Information Ratio 0.52 Alpha Ratio 1.49 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹8,700 31 Aug 23 ₹9,773 31 Aug 24 ₹14,028 31 Aug 25 ₹12,799 31 Aug 26 ₹12,142 Returns for ICICI Prudential Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month -4.9% 3 Month 5.5% 6 Month 4.4% 1 Year -11.9% 3 Year 4.5% 5 Year 2.7% 10 Year 15 Year Since launch 11.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 -1.9% 2023 25.4% 2022 27.5% 2021 -23.2% 2020 75.7% 2019 70.6% 2018 2.3% 2017 19.1% 2016 19.8% 2015 -4% Fund Manager information for ICICI Prudential Technology Fund
Name Since Tenure Vaibhav Dusad 2 May 20 6.33 Yr. Sharmila D’mello 30 Jun 22 4.17 Yr. Data below for ICICI Prudential Technology Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Technology 62.28% Communication Services 18.36% Consumer Cyclical 5.72% Health Care 3.7% Industrials 3.28% Financial Services 2.58% Real Estate 1.17% Consumer Defensive 0.7% Asset Allocation
Asset Class Value Cash 1.81% Equity 98.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY13% ₹1,733 Cr 15,336,043
↓ -350,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL13% ₹1,700 Cr 8,622,126
↓ -299,737 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | 5327558% ₹1,016 Cr 6,154,841
↓ -850,391 Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | COFORGE4% ₹607 Cr 3,525,400
↓ -675,000 Mphasis Ltd (Technology)
Equity, Since 30 Jun 20 | 5262994% ₹597 Cr 2,549,820
↓ -50,000 LTM Ltd (Technology)
Equity, Since 31 Jul 16 | LTM3% ₹458 Cr 1,049,600
↑ 12,521 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jul 21 | CTSH3% ₹407 Cr 771,638 Wipro Ltd (Technology)
Equity, Since 30 Sep 19 | 5076853% ₹361 Cr 19,653,000
↑ 15,409,600 Persistent Systems Ltd (Technology)
Equity, Since 31 May 20 | PERSISTENT3% ₹344 Cr 619,367
↓ -107,500 Sagility Ltd (Healthcare)
Equity, Since 30 Nov 24 | SAGILITY2% ₹324 Cr 74,637,433 2. Franklin India Technology Fund
Franklin India Technology Fund
Growth Launch Date 22 Aug 98 NAV (10 Sep 26) ₹465.149 ↑ 0.79 (0.17 %) Net Assets (Cr) ₹1,754 on 31 Jul 26 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk High Expense Ratio 2.08 Sharpe Ratio -0.47 Information Ratio 0.57 Alpha Ratio -0.48 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹8,352 31 Aug 23 ₹10,759 31 Aug 24 ₹16,139 31 Aug 25 ₹14,823 31 Aug 26 ₹14,069 Returns for Franklin India Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month -4.6% 3 Month 7.9% 6 Month 4.9% 1 Year -10.6% 3 Year 7.2% 5 Year 6.1% 10 Year 15 Year Since launch 17.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 -1.5% 2023 28.4% 2022 51.1% 2021 -22.3% 2020 39% 2019 56.8% 2018 12.4% 2017 11.9% 2016 19.1% 2015 -2.6% Fund Manager information for Franklin India Technology Fund
Name Since Tenure Venkatesh Sanjeevi 4 Oct 24 1.91 Yr. R. Janakiraman 1 Dec 23 2.75 Yr. Sandeep Manam 18 Oct 21 4.87 Yr. Data below for Franklin India Technology Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Technology 47.25% Communication Services 28.61% Consumer Cyclical 16.51% Financial Services 4.77% Industrials 0.04% Health Care 0.03% Asset Allocation
Asset Class Value Cash 2.54% Equity 97.26% Other 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL22% ₹382 Cr 1,939,180
↑ 186,503 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY13% ₹236 Cr 2,089,607 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | ETERNAL8% ₹137 Cr 4,524,577 HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH8% ₹137 Cr 1,014,643
↑ 120,000 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 30 Sep 25 | CTSH6% ₹108 Cr 204,740
↑ 45,500 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS5% ₹89 Cr 378,126 PB Fintech Ltd (Financial Services)
Equity, Since 30 Nov 21 | POLICYBZR5% ₹83 Cr 517,479 Franklin Technology I Acc USD
Investment Fund | -4% ₹75 Cr 73,810
↓ -38,000 Swiggy Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | SWIGGY3% ₹55 Cr 1,920,350
↑ 573,570 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jan 17 | NAUKRI3% ₹48 Cr 394,359 3. SBI Technology Opportunities Fund
SBI Technology Opportunities Fund
Growth Launch Date 9 Jan 13 NAV (10 Sep 26) ₹197.13 ↑ 0.05 (0.03 %) Net Assets (Cr) ₹4,592 on 31 Jul 26 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆ Risk High Expense Ratio 1.91 Sharpe Ratio -0.3 Information Ratio 0.66 Alpha Ratio 3.79 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-15 Days (0.5%),15 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹8,961 31 Aug 23 ₹10,583 31 Aug 24 ₹14,581 31 Aug 25 ₹14,501 31 Aug 26 ₹13,839 Returns for SBI Technology Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month -4.5% 3 Month 9% 6 Month 6.1% 1 Year -9.8% 3 Year 6.7% 5 Year 5.7% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2024 1.5% 2023 30.1% 2022 24.8% 2021 -15.5% 2020 66.4% 2019 47.3% 2018 12.2% 2017 17.1% 2016 13% 2015 -3.3% Fund Manager information for SBI Technology Opportunities Fund
Name Since Tenure Vivek Gedda 1 Apr 24 2.42 Yr. Data below for SBI Technology Opportunities Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Technology 58.13% Communication Services 23.54% Consumer Cyclical 12.87% Financial Services 2.12% Health Care 1% Asset Allocation
Asset Class Value Cash 2.27% Equity 97.67% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL17% ₹789 Cr 4,000,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY11% ₹497 Cr 4,395,176 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 06 | TCS7% ₹336 Cr 1,420,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | ETERNAL7% ₹321 Cr 10,600,000 LTM Ltd (Technology)
Equity, Since 31 Oct 24 | LTM5% ₹218 Cr 500,000 Amagi Media Labs Ltd (Technology)
Equity, Since 31 Jan 26 | AMAGI4% ₹207 Cr 3,174,791
↓ -25,136 Coforge Ltd (Technology)
Equity, Since 31 Aug 23 | COFORGE4% ₹207 Cr 1,200,000 Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 23 | FSL4% ₹181 Cr 6,000,000 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jul 23 | CTSH4% ₹174 Cr 330,000 Alphabet Inc Class A (Communication Services)
Equity, Since 31 Dec 23 | GOOGL4% ₹170 Cr 50,000
Aggressive long-term investors (≥ 5–7 years) looking for high growth and diversification beyond large-cap equities.
Those who understand volatility and have conviction in India’s tech and innovation roadmap.
Investors aiming to leverage structural themes (AI, digital infrastructure, semiconductors), not just legacy software earnings.
Avoid if…
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A: Only if you understand their volatility and have a longer horizon. For novice investors, allocate a small portion to tech and balance with diversified Equity Funds.
A: GST 2.0 aims to streamline rates and reduce business bottlenecks—which could benefit tech companies.
A: SIPs help mitigate timing risk in volatile sectors. Use lump sums strategically—e.g., during market dips validated by valuation indicators.
A: Global slowdowns, U.S. tariffs, and muted corporate earnings continue to pressure sentiment despite India’s healthy GDP growth.
India’s tech sector isn’t just riding a wave—it’s building the wave. From broadband to semiconductors, from AI to products, 2026 is shaping as a foundational year. Yes, volatility is part of the game. Yet, with record mutual fund AUM, growing domestic investor participation, and deeper structural themes, long-term tech-focused investors have reason to stay tuned.
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