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 (%) Franklin India Technology Fund Growth ₹540.19
↑ 2.16 ₹1,957 7.1 3.3 -1.4 24.3 15.6 -1.5 ICICI Prudential Technology Fund Growth ₹210.29
↑ 1.07 ₹15,565 10.1 2.1 -1.8 16.4 16.1 -1.9 SBI Technology Opportunities Fund Growth ₹229.343
↑ 0.58 ₹5,130 9 4.1 1.6 18.2 18.3 1.5 TATA Digital India Fund Growth ₹49.0582
↑ 0.13 ₹12,085 9.4 0.8 -11 16 15.8 -9.7 Aditya Birla Sun Life Digital India Fund Growth ₹177.41
↑ 0.82 ₹4,849 8.7 0.9 -5.1 15.1 15.2 -5.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Jan 26 Research Highlights & Commentary of 5 Funds showcased
Commentary Franklin India Technology Fund ICICI Prudential Technology Fund SBI Technology Opportunities Fund TATA Digital India Fund Aditya Birla Sun Life Digital India Fund Point 1 Bottom quartile AUM (₹1,957 Cr). Highest AUM (₹15,565 Cr). Lower mid AUM (₹5,130 Cr). Upper mid AUM (₹12,085 Cr). Bottom quartile AUM (₹4,849 Cr). Point 2 Oldest track record among peers (27 yrs). Established history (25+ yrs). Established history (12+ yrs). Established history (10+ yrs). Established history (25+ yrs). Point 3 Rating: 1★ (lower mid). Top rated. 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: 15.56% (bottom quartile). 5Y return: 16.09% (upper mid). 5Y return: 18.26% (top quartile). 5Y return: 15.85% (lower mid). 5Y return: 15.19% (bottom quartile). Point 6 3Y return: 24.30% (top quartile). 3Y return: 16.37% (lower mid). 3Y return: 18.23% (upper mid). 3Y return: 16.02% (bottom quartile). 3Y return: 15.14% (bottom quartile). Point 7 1Y return: -1.41% (upper mid). 1Y return: -1.76% (lower mid). 1Y return: 1.62% (top quartile). 1Y return: -11.03% (bottom quartile). 1Y return: -5.06% (bottom quartile). Point 8 Alpha: -0.62 (lower mid). Alpha: -0.23 (upper mid). Alpha: 6.14 (top quartile). Alpha: -2.04 (bottom quartile). Alpha: -1.86 (bottom quartile). Point 9 Sharpe: -0.49 (upper mid). Sharpe: -0.51 (lower mid). Sharpe: -0.05 (top quartile). Sharpe: -0.86 (bottom quartile). Sharpe: -0.59 (bottom quartile). Point 10 Information ratio: 1.24 (top quartile). Information ratio: 0.94 (lower mid). Information ratio: 1.09 (upper mid). Information ratio: 0.69 (bottom quartile). Information ratio: 0.47 (bottom quartile). Franklin India Technology Fund
ICICI Prudential 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 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 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 (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. Franklin India Technology Fund
Franklin India Technology Fund
Growth Launch Date 22 Aug 98 NAV (01 Jan 26) ₹540.19 ↑ 2.16 (0.40 %) Net Assets (Cr) ₹1,957 on 30 Nov 25 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk High Expense Ratio 2.08 Sharpe Ratio -0.49 Information Ratio 1.24 Alpha Ratio -0.62 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 Dec 20 ₹10,000 31 Dec 21 ₹13,904 31 Dec 22 ₹10,803 31 Dec 23 ₹16,327 31 Dec 24 ₹20,969 31 Dec 25 ₹20,662 Returns for Franklin India Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Jan 26 Duration Returns 1 Month 1.7% 3 Month 7.1% 6 Month 3.3% 1 Year -1.4% 3 Year 24.3% 5 Year 15.6% 10 Year 15 Year Since launch 18.7% 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 1.16 Yr. R. Janakiraman 1 Dec 23 2 Yr. Sandeep Manam 18 Oct 21 4.12 Yr. Data below for Franklin India Technology Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Technology 53.13% Communication Services 23.34% Consumer Cyclical 13.79% Financial Services 4.91% Industrials 0.92% Health Care 0.02% Asset Allocation
Asset Class Value Cash 3.67% Equity 96.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY18% ₹359 Cr 2,298,906 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL18% ₹347 Cr 1,652,736 HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH7% ₹145 Cr 894,643 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433207% ₹136 Cr 4,524,577
↑ 328,056 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS6% ₹119 Cr 378,126 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 30 Sep 25 | CTSH6% ₹111 Cr 159,240 Franklin Technology I Acc USD
Investment Fund | -5% ₹101 Cr 124,810
↓ -50,000 PB Fintech Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5433905% ₹94 Cr 517,479 MakeMyTrip Ltd (Consumer Cyclical)
Equity, Since 30 Jun 25 | MMYT3% ₹61 Cr 96,146 Swiggy Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | SWIGGY3% ₹51 Cr 1,346,780 2. ICICI Prudential Technology Fund
ICICI Prudential Technology Fund
Growth Launch Date 3 Mar 00 NAV (01 Jan 26) ₹210.29 ↑ 1.07 (0.51 %) Net Assets (Cr) ₹15,565 on 30 Nov 25 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk High Expense Ratio 1.75 Sharpe Ratio -0.51 Information Ratio 0.94 Alpha Ratio -0.23 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 Dec 20 ₹10,000 31 Dec 21 ₹17,574 31 Dec 22 ₹13,493 31 Dec 23 ₹17,197 31 Dec 24 ₹21,567 31 Dec 25 ₹21,157 Returns for ICICI Prudential Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Jan 26 Duration Returns 1 Month 1.8% 3 Month 10.1% 6 Month 2.1% 1 Year -1.8% 3 Year 16.4% 5 Year 16.1% 10 Year 15 Year Since launch 12.5% 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 5.59 Yr. Sharmila D’mello 30 Jun 22 3.42 Yr. Data below for ICICI Prudential Technology Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Technology 67.6% Communication Services 16.51% Consumer Cyclical 4.74% Health Care 3.14% Industrials 2.52% Financial Services 1.37% Real Estate 0.73% Consumer Defensive 0.7% Asset Allocation
Asset Class Value Cash 2.25% Equity 97.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY20% ₹3,175 Cr 20,348,929
↓ -500,152 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 31 Oct 21 | 8901577% ₹1,117 Cr 7,017,670 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | TECHM6% ₹959 Cr 6,317,672
↑ 380,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹770 Cr 4,738,750
↓ -242,540 Wipro Ltd (Technology)
Equity, Since 30 Sep 19 | WIPRO5% ₹759 Cr 30,405,503 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 19 | TCS5% ₹733 Cr 2,335,515
↓ -872,575 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL5% ₹715 Cr 3,400,452
↓ -332,510 Mphasis Ltd (Technology)
Equity, Since 30 Jun 20 | MPHASIS4% ₹657 Cr 2,336,725
↑ 72,522 LTIMindtree Ltd (Technology)
Equity, Since 31 Jul 16 | LTIM4% ₹547 Cr 897,619
↓ -143,387 Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | COFORGE2% ₹357 Cr 1,868,471 3. SBI Technology Opportunities Fund
SBI Technology Opportunities Fund
Growth Launch Date 9 Jan 13 NAV (01 Jan 26) ₹229.343 ↑ 0.58 (0.25 %) Net Assets (Cr) ₹5,130 on 30 Nov 25 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆ Risk High Expense Ratio 1.91 Sharpe Ratio -0.05 Information Ratio 1.09 Alpha Ratio 6.14 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 Dec 20 ₹10,000 31 Dec 21 ₹16,642 31 Dec 22 ₹14,068 31 Dec 23 ₹17,562 31 Dec 24 ₹22,839 31 Dec 25 ₹23,192 Returns for SBI Technology Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Jan 26 Duration Returns 1 Month -0.1% 3 Month 9% 6 Month 4.1% 1 Year 1.6% 3 Year 18.2% 5 Year 18.3% 10 Year 15 Year Since launch 19.4% 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 1.67 Yr. Data below for SBI Technology Opportunities Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Technology 62.25% Communication Services 18.21% Consumer Cyclical 7.72% Financial Services 2.48% Industrials 2.41% Health Care 0.92% Consumer Defensive 0.85% Asset Allocation
Asset Class Value Cash 5.1% Equity 94.85% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY15% ₹761 Cr 4,879,598
↓ -120,402 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL12% ₹630 Cr 3,000,000
↓ -400,000 Coforge Ltd (Technology)
Equity, Since 31 Aug 23 | COFORGE7% ₹363 Cr 1,900,000 LTIMindtree Ltd (Technology)
Equity, Since 31 Oct 24 | LTIM6% ₹305 Cr 500,000 Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 23 | FSL5% ₹264 Cr 7,645,887 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jul 23 | CTSH4% ₹229 Cr 330,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | 5433204% ₹226 Cr 7,530,530 Blackbuck Ltd (Technology)
Equity, Since 30 Nov 24 | BLACKBUCK4% ₹200 Cr 3,000,000
↓ -80,949 Microsoft Corp (Technology)
Equity, Since 31 Aug 20 | MSFT3% ₹167 Cr 38,000 Alphabet Inc Class A (Communication Services)
Equity, Since 31 Dec 23 | ABEA3% ₹160 Cr 56,000
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, 2025 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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