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5 Best Performing Technology (IT) Sector Funds 2020

Updated on February 23, 2020 , 13316 views

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.

Technology Mutual Funds

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 percent over 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Franklin India Technology Fund Growth ₹176.098
↓ -4.10
₹25510.111.89.9157.912.4
ICICI Prudential Technology Fund Growth ₹61.67
↑ 0.03
₹41893.61.515.37.22.3
SBI Technology Opportunities Fund Growth ₹70.7972
↑ 0.05
₹1637.86.89.215.87.112.2
Aditya Birla Sun Life Digital India Fund Growth ₹58.54
↓ -0.09
₹4408.310.89.317.99.89.6
TATA Digital India Fund Growth ₹16.0292
↑ 0.07
₹39395.85.719.2 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

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 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% .

Below is the key information for Franklin India Technology Fund

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.

DateValue
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

Franklin India Technology Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Franklin India Technology Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Anand Radhakrishnan3 Mar 0712.84 Yr.
Varun Sharma30 Nov 154.09 Yr.
Pyari Menon26 Sep 190.26 Yr.

Data below for Franklin India Technology Fund as on 31 Jan 20

Equity Sector Allocation
SectorValue
Technology75.32%
Communication Services13.57%
Industrials4.05%
Consumer Cyclical2.09%
Financial Services0.83%
Real Estate0.33%
Health Care0.09%
Asset Allocation
Asset ClassValue
Cash0.32%
Equity94.62%
Other5.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
28%₹72 Cr922,327
↑ 52,520
Franklin Technology I Acc USD
Investment Fund | -
9%₹23 Cr91,868
HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH
8%₹20 Cr340,277
Tech Mahindra Ltd (Technology)
Equity, Since 28 Feb 14 | 532755
7%₹18 Cr223,656
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS
6%₹15 Cr73,819
Cognizant Technology Solutions Corp A (Technology)
Equity, Since 30 Apr 16 | CTSH
6%₹15 Cr35,000
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jan 17 | NAUKRI
5%₹13 Cr46,300
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL
5%₹12 Cr248,973
↓ -112,868
Cyient Ltd (Industrials)
Equity, Since 31 Dec 06 | CYIENT
4%₹10 Cr210,143
Call, Cash & Other Assets
Net Current Assets | -
3%₹8 Cr

2. ICICI Prudential Technology Fund

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 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% .

Below is the key information for ICICI Prudential Technology Fund

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.

DateValue
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

ICICI Prudential Technology Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for ICICI Prudential Technology Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Sankaran Naren14 Jul 172.47 Yr.
Ashwin Jain4 Oct 163.24 Yr.

Data below for ICICI Prudential Technology Fund as on 31 Jan 20

Equity Sector Allocation
SectorValue
Technology87.95%
Industrials2.9%
Communication Services0.31%
Asset Allocation
Asset ClassValue
Cash2.16%
Equity97.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
43%₹177 Cr2,418,690
Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | 532755
11%₹46 Cr608,580
Larsen & Toubro Infotech Ltd (Technology)
Equity, Since 31 Jul 16 | 540005
10%₹39 Cr222,811
Treps
CBLO/Reverse Repo | -
8%₹33 Cr
Wipro Ltd (Technology)
Equity, Since 30 Sep 19 | 507685
7%₹29 Cr1,187,797
Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Mar 11 | 532466
6%₹24 Cr87,655
HCL Technologies Ltd (Technology)
Equity, Since 31 Jul 19 | HCLTECH
5%₹19 Cr330,562
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 19 | TCS
4%₹15 Cr70,961
↓ -172,291
Cyient Ltd (Industrials)
Equity, Since 30 Jun 18 | CYIENT
3%₹12 Cr289,446
Nucleus Software Exports Ltd (Technology)
Equity, Since 30 Sep 09 | 531209
2%₹10 Cr355,865

3. SBI Technology Opportunities Fund

(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 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% .

Below is the key information for SBI Technology Opportunities Fund

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.

DateValue
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

SBI Technology Opportunities Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for SBI Technology Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Anup Upadhyay1 Jun 118.59 Yr.

Data below for SBI Technology Opportunities Fund as on 31 Jan 20

Equity Sector Allocation
SectorValue
Technology76.34%
Communication Services15.57%
Consumer Defensive3.3%
Asset Allocation
Asset ClassValue
Cash4.79%
Equity95.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 06 | TCS
26%₹41 Cr187,864
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
19%₹29 Cr402,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL
13%₹21 Cr459,430
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 06 | HCLTECH
10%₹16 Cr285,274
Tech Mahindra Ltd (Technology)
Equity, Since 31 Aug 15 | 532755
5%₹8 Cr107,235
Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Aug 19 | 532466
5%₹7 Cr25,600
Alphabet Inc A (Communication Services)
Equity, Since 30 Sep 18 | GOOGL
3%₹5 Cr545
NIIT Ltd (Consumer Defensive)
Equity, Since 31 Mar 19 | 500304
3%₹5 Cr549,946
↓ -188,054
Treps
CBLO/Reverse Repo | -
3%₹4 Cr
Larsen & Toubro Infotech Ltd (Technology)
Equity, Since 28 Feb 17 | 540005
3%₹4 Cr23,835

4. Aditya Birla Sun Life Digital India Fund

(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 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% .

Below is the key information for Aditya Birla Sun Life Digital India Fund

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.

DateValue
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

Aditya Birla Sun Life Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Aditya Birla Sun Life Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Kunal Sangoi15 Jan 145.96 Yr.

Data below for Aditya Birla Sun Life Digital India Fund as on 31 Jan 20

Equity Sector Allocation
SectorValue
Technology74.68%
Communication Services14.74%
Industrials8.56%
Asset Allocation
Asset ClassValue
Cash0.69%
Equity99.28%
Other0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
29%₹127 Cr1,633,244
↓ -126,805
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 19 | BHARTIARTL
10%₹44 Cr885,628
↑ 269,663
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 10 | HCLTECH
9%₹41 Cr691,370
↓ -60,047
Tech Mahindra Ltd (Technology)
Equity, Since 31 May 13 | 532755
9%₹38 Cr481,195
↑ 50,626
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 05 | TCS
7%₹33 Cr157,133
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 18 | 517174
5%₹23 Cr8,159
Apple Inc (Technology)
Equity, Since 30 Nov 18 | AAPL
4%₹17 Cr7,250
Sun TV Network Ltd (Communication Services)
Equity, Since 28 Feb 18 | 532733
4%₹16 Cr338,523
Just Dial Ltd (Communication Services)
Equity, Since 30 Sep 19 | 535648
4%₹16 Cr281,741
Majesco Ltd (Technology)
Equity, Since 31 Jan 18 | 539289
3%₹14 Cr357,500
↑ 3,500

5. TATA Digital India Fund

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 CAGR/Annualized return of 12% since its launch.  Return for 2019 was 7.5% , 2018 was 24.9% and 2017 was 19.6% .

Below is the key information for TATA Digital India Fund

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 Not Rated
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.

DateValue
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

TATA Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for TATA Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Feb 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Sailesh Jain9 Nov 181.06 Yr.
Meeta Shetty9 Nov 181.06 Yr.

Data below for TATA Digital India Fund as on 31 Jan 20

Equity Sector Allocation
SectorValue
Technology95.32%
Asset Allocation
Asset ClassValue
Cash5.08%
Equity95.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
34%₹132 Cr1,809,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 16 | TCS
22%₹86 Cr399,500
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 16 | HCLTECH
9%₹36 Cr629,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 16 | PERSISTENT
6%₹24 Cr351,200
MindTree Ltd (Technology)
Equity, Since 31 Jul 19 | 532819
6%₹23 Cr285,000
Wipro Ltd (Technology)
Equity, Since 31 Jul 18 | 507685
5%₹21 Cr846,000
A) Repo
CBLO/Reverse Repo | -
5%₹20 Cr
Tech Mahindra Ltd (Technology)
Equity, Since 30 Apr 16 | 532755
5%₹19 Cr255,000
↓ -220,000
L&T Technology Services Ltd (Technology)
Equity, Since 31 May 18 | LTTS
3%₹13 Cr90,000
KPIT Technologies Ltd (Technology)
Equity, Since 31 Jan 19 | 542651
3%₹11 Cr1,125,000

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?

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Disclaimer:
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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