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5 Best Performing Technology (IT) Sector Funds 2020
The technology sector is a category of equity sector fund that invest in companies that are involved in technological businesses, such as manufacturers producing computer software, computer hardware, or electronics & technological service industry companies, such as those providing information technology, etc. The greatest advantage of Investing in technology Mutual Funds is that investors can gain access and exposure to dozens of technology stocks in just one fund.
India's IT Services industry was born in Mumbai in 1967 with the establishment of the Tata Group in partnership with Burroughs. The first software export zone, SEEPZ, the precursor to the modern-day IT park, was established in Mumbai in 1973. More than 80 percent of the country's software exports were from SEEPZ in the 1980s.
Technology and IT Sector in India
The technology sector in India is undergoing rapid evolution and is changing the shape of Indian business standards. The global sourcing market in India continues to grow at a higher pace. India remained the world’s top sourcing destination in 2016-17 with a share of 55 per cent. Some of India’s leading IT firms are Infosys, TCS, Wipro, Tech Mahindra, etc., that have immensely created a mark in this sector.
Technology mutual funds in India have consistently provided an annualized return of
15 percent to 19 percentover a five year period. With such a decent performance in the past, these funds are believed to deliver good returns in the future.
Ideally, investors should invest in this fund for the purpose of diversification. One should not solely depend on this fund for wealth creation. Investors who are planning to invest in technology funds must closely watch the funds’ past 3 years’ performances. One should have an in-depth knowledge about the technology sector and its future market.
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Top 5 Best Technology (IT) Sector Funds in India FY 20 - 21
To provide long-term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies. Franklin India Technology Fund is a Equity - Sectoral fund was launched on 22 Aug 98. It is a fund with High risk and has given a Below is the key information for Franklin India Technology Fund Returns up to 1 year are on To generate long-term capital appreciation for you from a portfolio made up predominantly of equity and equity-related securities of technology intensive companies. ICICI Prudential Technology Fund is a Equity - Sectoral fund was launched on 3 Mar 00. It is a fund with High risk and has given a Below is the key information for ICICI Prudential 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. SBI Technology Opportunities Fund is a Equity - Sectoral fund was launched on 9 Jan 13. It is a fund with High risk and has given a Below is the key information for SBI Technology Opportunities Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life New Millennium Fund) A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend. Aditya Birla Sun Life Digital India Fund is a Equity - Sectoral fund was launched on 15 Jan 00. It is a fund with High risk and has given a Below is the key information for Aditya Birla Sun Life Digital India Fund Returns up to 1 year are on The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.The Scheme does not assure or guarantee any returns. TATA Digital India Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a Below is the key information for TATA Digital India Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Franklin India Technology Fund Growth ₹176.098
↓ -4.10 ₹255 10.1 11.8 9.9 15 7.9 12.4 ICICI Prudential Technology Fund Growth ₹61.67
↑ 0.03 ₹418 9 3.6 1.5 15.3 7.2 2.3 SBI Technology Opportunities Fund Growth ₹70.7972
↑ 0.05 ₹163 7.8 6.8 9.2 15.8 7.1 12.2 Aditya Birla Sun Life Digital India Fund Growth ₹58.54
↓ -0.09 ₹440 8.3 10.8 9.3 17.9 9.8 9.6 TATA Digital India Fund Growth ₹16.0292
↑ 0.07 ₹393 9 5.8 5.7 19.2 7.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Feb 20 1. Franklin India Technology Fund
CAGR/Annualized return of 18% since its launch. Ranked 41 in Sectoral category. Return for 2019 was 12.4% , 2018 was 11.9% and 2017 was 19.1% . Franklin India Technology Fund
Growth Launch Date 22 Aug 98 NAV (24 Feb 20) ₹176.098 ↓ -4.10 (-2.27 %) Net Assets (Cr) ₹255 on 31 Jan 20 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk High Expense Ratio 2.67 Sharpe Ratio 0.67 Information Ratio 0.04 Alpha Ratio 2.84 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 Jan 15 ₹10,000 31 Jan 16 ₹10,063 31 Jan 17 ₹9,694 31 Jan 18 ₹12,683 31 Jan 19 ₹13,971 31 Jan 20 ₹15,295 Returns for Franklin India Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20 Duration Returns 1 Month -0.2% 3 Month 10.1% 6 Month 11.8% 1 Year 9.9% 3 Year 15% 5 Year 7.9% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2019 12.4% 2018 11.9% 2017 19.1% 2016 -2.6% 2015 3.8% 2014 16.8% 2013 53.3% 2012 0.3% 2011 -15.5% 2010 32.6% Fund Manager information for Franklin India Technology Fund
Name Since Tenure Anand Radhakrishnan 3 Mar 07 12.84 Yr. Varun Sharma 30 Nov 15 4.09 Yr. Pyari Menon 26 Sep 19 0.26 Yr. Data below for Franklin India Technology Fund as on 31 Jan 20
Equity Sector Allocation
Sector Value Technology 75.32% Communication Services 13.57% Industrials 4.05% Consumer Cyclical 2.09% Financial Services 0.83% Real Estate 0.33% Health Care 0.09% Asset Allocation
Asset Class Value Cash 0.32% Equity 94.62% Other 5.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY28% ₹72 Cr 922,327
↑ 52,520 Franklin Technology I Acc USD
Investment Fund | -9% ₹23 Cr 91,868 HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH8% ₹20 Cr 340,277 Tech Mahindra Ltd (Technology)
Equity, Since 28 Feb 14 | 5327557% ₹18 Cr 223,656 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS6% ₹15 Cr 73,819 Cognizant Technology Solutions Corp A (Technology)
Equity, Since 30 Apr 16 | CTSH6% ₹15 Cr 35,000 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jan 17 | NAUKRI5% ₹13 Cr 46,300 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL5% ₹12 Cr 248,973
↓ -112,868 Cyient Ltd (Industrials)
Equity, Since 31 Dec 06 | CYIENT4% ₹10 Cr 210,143 Call, Cash & Other Assets
Net Current Assets | -3% ₹8 Cr 2. ICICI Prudential Technology Fund
CAGR/Annualized return of 9.5% since its launch. Ranked 37 in Sectoral category. Return for 2019 was 2.3% , 2018 was 19.1% and 2017 was 19.8% . ICICI Prudential Technology Fund
Growth Launch Date 3 Mar 00 NAV (25 Feb 20) ₹61.67 ↑ 0.03 (0.05 %) Net Assets (Cr) ₹418 on 31 Jan 20 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk High Expense Ratio 2.76 Sharpe Ratio -0.2 Information Ratio -0.44 Alpha Ratio -3.63 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 Jan 15 ₹10,000 31 Jan 16 ₹9,890 31 Jan 17 ₹9,027 31 Jan 18 ₹12,329 31 Jan 19 ₹14,418 31 Jan 20 ₹14,588 Returns for ICICI Prudential Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20 Duration Returns 1 Month 0.1% 3 Month 9% 6 Month 3.6% 1 Year 1.5% 3 Year 15.3% 5 Year 7.2% 10 Year 15 Year Since launch 9.5% Historical performance (Yearly) on absolute basis
Year Returns 2019 2.3% 2018 19.1% 2017 19.8% 2016 -4% 2015 3.9% 2014 26.3% 2013 62.6% 2012 17.1% 2011 -18.9% 2010 44.5% Fund Manager information for ICICI Prudential Technology Fund
Name Since Tenure Sankaran Naren 14 Jul 17 2.47 Yr. Ashwin Jain 4 Oct 16 3.24 Yr. Data below for ICICI Prudential Technology Fund as on 31 Jan 20
Equity Sector Allocation
Sector Value Technology 87.95% Industrials 2.9% Communication Services 0.31% Asset Allocation
Asset Class Value Cash 2.16% Equity 97.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY43% ₹177 Cr 2,418,690 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | 53275511% ₹46 Cr 608,580 Larsen & Toubro Infotech Ltd (Technology)
Equity, Since 31 Jul 16 | 54000510% ₹39 Cr 222,811 Treps
CBLO/Reverse Repo | -8% ₹33 Cr Wipro Ltd (Technology)
Equity, Since 30 Sep 19 | 5076857% ₹29 Cr 1,187,797 Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Mar 11 | 5324666% ₹24 Cr 87,655 HCL Technologies Ltd (Technology)
Equity, Since 31 Jul 19 | HCLTECH5% ₹19 Cr 330,562 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 19 | TCS4% ₹15 Cr 70,961
↓ -172,291 Cyient Ltd (Industrials)
Equity, Since 30 Jun 18 | CYIENT3% ₹12 Cr 289,446 Nucleus Software Exports Ltd (Technology)
Equity, Since 30 Sep 09 | 5312092% ₹10 Cr 355,865 3. SBI Technology Opportunities Fund
CAGR/Annualized return of 17.1% since its launch. Ranked 42 in Sectoral category. Return for 2019 was 12.2% , 2018 was 17.1% and 2017 was 13% . SBI Technology Opportunities Fund
Growth Launch Date 9 Jan 13 NAV (25 Feb 20) ₹70.7972 ↑ 0.05 (0.07 %) Net Assets (Cr) ₹163 on 31 Jan 20 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆ Risk High Expense Ratio 3.02 Sharpe Ratio 0.79 Information Ratio 0.22 Alpha Ratio 2.28 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 Jan 15 ₹10,000 31 Jan 16 ₹9,596 31 Jan 17 ₹8,916 31 Jan 18 ₹11,773 31 Jan 19 ₹13,314 31 Jan 20 ₹14,465 Returns for SBI Technology Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20 Duration Returns 1 Month -0.5% 3 Month 7.8% 6 Month 6.8% 1 Year 9.2% 3 Year 15.8% 5 Year 7.1% 10 Year 15 Year Since launch 17.1% Historical performance (Yearly) on absolute basis
Year Returns 2019 12.2% 2018 17.1% 2017 13% 2016 -3.3% 2015 2.4% 2014 29.2% 2013 2012 2011 2010 Fund Manager information for SBI Technology Opportunities Fund
Name Since Tenure Anup Upadhyay 1 Jun 11 8.59 Yr. Data below for SBI Technology Opportunities Fund as on 31 Jan 20
Equity Sector Allocation
Sector Value Technology 76.34% Communication Services 15.57% Consumer Defensive 3.3% Asset Allocation
Asset Class Value Cash 4.79% Equity 95.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 06 | TCS26% ₹41 Cr 187,864 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY19% ₹29 Cr 402,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL13% ₹21 Cr 459,430 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 06 | HCLTECH10% ₹16 Cr 285,274 Tech Mahindra Ltd (Technology)
Equity, Since 31 Aug 15 | 5327555% ₹8 Cr 107,235 Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Aug 19 | 5324665% ₹7 Cr 25,600 Alphabet Inc A (Communication Services)
Equity, Since 30 Sep 18 | GOOGL3% ₹5 Cr 545 NIIT Ltd (Consumer Defensive)
Equity, Since 31 Mar 19 | 5003043% ₹5 Cr 549,946
↓ -188,054 Treps
CBLO/Reverse Repo | -3% ₹4 Cr Larsen & Toubro Infotech Ltd (Technology)
Equity, Since 28 Feb 17 | 5400053% ₹4 Cr 23,835 4. Aditya Birla Sun Life Digital India Fund
CAGR/Annualized return of since its launch. Ranked 33 in Sectoral category. Return for 2019 was 9.6% , 2018 was 15.6% and 2017 was 22.4% . Aditya Birla Sun Life Digital India Fund
Growth Launch Date 15 Jan 00 NAV (25 Feb 20) ₹58.54 ↓ -0.09 (-0.15 %) Net Assets (Cr) ₹440 on 31 Jan 20 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆ Risk High Expense Ratio 2.75 Sharpe Ratio 0.98 Information Ratio 0.51 Alpha Ratio 5.13 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹10,264 31 Jan 17 ₹9,621 31 Jan 18 ₹13,670 31 Jan 19 ₹14,877 31 Jan 20 ₹16,557 Returns for Aditya Birla Sun Life Digital India Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20 Duration Returns 1 Month -0.4% 3 Month 8.3% 6 Month 10.8% 1 Year 9.3% 3 Year 17.9% 5 Year 9.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2019 9.6% 2018 15.6% 2017 22.4% 2016 -3.5% 2015 11.2% 2014 21.1% 2013 50.2% 2012 3.7% 2011 -21.8% 2010 16.6% Fund Manager information for Aditya Birla Sun Life Digital India Fund
Name Since Tenure Kunal Sangoi 15 Jan 14 5.96 Yr. Data below for Aditya Birla Sun Life Digital India Fund as on 31 Jan 20
Equity Sector Allocation
Sector Value Technology 74.68% Communication Services 14.74% Industrials 8.56% Asset Allocation
Asset Class Value Cash 0.69% Equity 99.28% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY29% ₹127 Cr 1,633,244
↓ -126,805 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 19 | BHARTIARTL10% ₹44 Cr 885,628
↑ 269,663 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 10 | HCLTECH9% ₹41 Cr 691,370
↓ -60,047 Tech Mahindra Ltd (Technology)
Equity, Since 31 May 13 | 5327559% ₹38 Cr 481,195
↑ 50,626 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 05 | TCS7% ₹33 Cr 157,133 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 18 | 5171745% ₹23 Cr 8,159 Apple Inc (Technology)
Equity, Since 30 Nov 18 | AAPL4% ₹17 Cr 7,250 Sun TV Network Ltd (Communication Services)
Equity, Since 28 Feb 18 | 5327334% ₹16 Cr 338,523 Just Dial Ltd (Communication Services)
Equity, Since 30 Sep 19 | 5356484% ₹16 Cr 281,741 Majesco Ltd (Technology)
Equity, Since 31 Jan 18 | 5392893% ₹14 Cr 357,500
↑ 3,500 5. TATA Digital India Fund
CAGR/Annualized return of 12% since its launch. Return for 2019 was 7.5% , 2018 was 24.9% and 2017 was 19.6% . TATA Digital India Fund
Growth Launch Date 28 Dec 15 NAV (25 Feb 20) ₹16.0292 ↑ 0.07 (0.47 %) Net Assets (Cr) ₹393 on 31 Jan 20 Category Equity - Sectoral AMC Tata Asset Management Limited Rating Risk High Expense Ratio 2.05 Sharpe Ratio 0.13 Information Ratio -0.02 Alpha Ratio -1.08 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-3 Months (0.25%),3 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jan 16 ₹10,226 31 Jan 17 ₹8,905 31 Jan 18 ₹12,537 31 Jan 19 ₹14,968 31 Jan 20 ₹15,589 Returns for TATA Digital India Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20 Duration Returns 1 Month 0.4% 3 Month 9% 6 Month 5.8% 1 Year 5.7% 3 Year 19.2% 5 Year 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2019 7.5% 2018 24.9% 2017 19.6% 2016 -6% 2015 2014 2013 2012 2011 2010 Fund Manager information for TATA Digital India Fund
Name Since Tenure Sailesh Jain 9 Nov 18 1.06 Yr. Meeta Shetty 9 Nov 18 1.06 Yr. Data below for TATA Digital India Fund as on 31 Jan 20
Equity Sector Allocation
Sector Value Technology 95.32% Asset Allocation
Asset Class Value Cash 5.08% Equity 95.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY34% ₹132 Cr 1,809,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 16 | TCS22% ₹86 Cr 399,500 HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 16 | HCLTECH9% ₹36 Cr 629,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 16 | PERSISTENT6% ₹24 Cr 351,200 MindTree Ltd (Technology)
Equity, Since 31 Jul 19 | 5328196% ₹23 Cr 285,000 Wipro Ltd (Technology)
Equity, Since 31 Jul 18 | 5076855% ₹21 Cr 846,000 A) Repo
CBLO/Reverse Repo | -5% ₹20 Cr Tech Mahindra Ltd (Technology)
Equity, Since 30 Apr 16 | 5327555% ₹19 Cr 255,000
↓ -220,000 L&T Technology Services Ltd (Technology)
Equity, Since 31 May 18 | LTTS3% ₹13 Cr 90,000 KPIT Technologies Ltd (Technology)
Equity, Since 31 Jan 19 | 5426513% ₹11 Cr 1,125,000
Who Should Invest in Technology and IT Mutual Funds
As the technology fund belongs to the sector category of Equity Funds they carry high-risk with them. Thus, investors who have the ability to tolerate risk in their investment should only plan to invest in these funds. Also, it is suggested that one should invest for a longer duration, more than five years, to attain long-term benefits of the equity market.
How to Invest in Best Technology Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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