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 (%) 2025 (%) Franklin India Technology Fund Growth ₹446.319
↑ 1.34 ₹1,759 2.3 3.7 -11.5 6.8 5.4 -1.5 ICICI Prudential Technology Fund Growth ₹170.67
↑ 1.08 ₹13,661 5.8 3.6 -10.6 4 1.8 -1.9 SBI Technology Opportunities Fund Growth ₹190.638
↑ 0.54 ₹4,488 7 5 -9.4 6.5 5.2 1.5 TATA Digital India Fund Growth ₹38.6406
↑ 0.09 ₹10,322 3.2 1.2 -13.8 2.3 1 -9.7 Aditya Birla Sun Life Digital India Fund Growth ₹149.33
↑ 0.44 ₹4,109 8.3 7.9 -8.5 2.4 2.2 -5.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Oct 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 (₹1,759 Cr). Highest AUM (₹13,661 Cr). Lower mid AUM (₹4,488 Cr). Upper mid AUM (₹10,322 Cr). Bottom quartile AUM (₹4,109 Cr). Point 2 Oldest track record among peers (28 yrs). Established history (26+ yrs). Established history (13+ yrs). Established history (10+ yrs). Established history (26+ 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: 5.36% (top quartile). 5Y return: 1.78% (bottom quartile). 5Y return: 5.19% (upper mid). 5Y return: 0.97% (bottom quartile). 5Y return: 2.24% (lower mid). Point 6 3Y return: 6.79% (top quartile). 3Y return: 3.96% (lower mid). 3Y return: 6.53% (upper mid). 3Y return: 2.28% (bottom quartile). 3Y return: 2.42% (bottom quartile). Point 7 1Y return: -11.51% (bottom quartile). 1Y return: -10.61% (lower mid). 1Y return: -9.41% (upper mid). 1Y return: -13.82% (bottom quartile). 1Y return: -8.52% (top quartile). Point 8 Alpha: 0.88 (bottom quartile). Alpha: 3.64 (lower mid). Alpha: 4.26 (upper mid). Alpha: -1.74 (bottom quartile). Alpha: 7.84 (top quartile). Point 9 Sharpe: -0.42 (bottom quartile). Sharpe: -0.32 (lower mid). Sharpe: -0.30 (upper mid). Sharpe: -0.40 (bottom quartile). Sharpe: -0.16 (top quartile). Point 10 Information ratio: 0.54 (bottom quartile). Information ratio: 0.66 (upper mid). Information ratio: 0.73 (top quartile). Information ratio: 0.56 (lower mid). Information ratio: 0.14 (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 Oct 26) ₹446.319 ↑ 1.34 (0.30 %) Net Assets (Cr) ₹1,759 on 31 Aug 26 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk High Expense Ratio 2.08 Sharpe Ratio -0.42 Information Ratio 0.54 Alpha Ratio 0.88 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 30 Sep 21 ₹10,000 30 Sep 22 ₹7,846 30 Sep 23 ₹10,633 30 Sep 24 ₹15,768 30 Sep 25 ₹14,586 30 Sep 26 ₹12,909 Returns for Franklin India Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Oct 26 Duration Returns 1 Month -8.1% 3 Month 2.3% 6 Month 3.7% 1 Year -11.5% 3 Year 6.8% 5 Year 5.4% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 -1.5% 2024 28.4% 2023 51.1% 2022 -22.3% 2021 39% 2020 56.8% 2019 12.4% 2018 11.9% 2017 19.1% 2016 -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 Aug 26
Equity Sector Allocation
Sector Value Technology 46.16% Communication Services 28.34% Consumer Cyclical 16.52% Financial Services 5.56% Industrials 0.03% Health Care 0.03% Asset Allocation
Asset Class Value Cash 3.12% Equity 96.68% Other 0.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL21% ₹365 Cr 2,012,618
↑ 73,438 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY13% ₹237 Cr 2,089,607 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | ETERNAL8% ₹133 Cr 4,054,306
↓ -470,271 HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH6% ₹112 Cr 851,490
↓ -163,153 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 30 Sep 25 | CTSH6% ₹101 Cr 164,740
↓ -40,000 PB Fintech Ltd (Financial Services)
Equity, Since 30 Nov 21 | POLICYBZR6% ₹97 Cr 517,479 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS5% ₹91 Cr 378,126 Franklin Technology I Acc USD
Investment Fund | -4% ₹79 Cr 73,810 Swiggy Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | SWIGGY3% ₹54 Cr 1,920,350 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jan 17 | NAUKRI3% ₹52 Cr 394,359 2. ICICI Prudential Technology Fund
ICICI Prudential Technology Fund
Growth Launch Date 3 Mar 00 NAV (01 Oct 26) ₹170.67 ↑ 1.08 (0.64 %) Net Assets (Cr) ₹13,661 on 31 Aug 26 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk High Expense Ratio 1.75 Sharpe Ratio -0.32 Information Ratio 0.66 Alpha Ratio 3.64 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 30 Sep 21 ₹10,000 30 Sep 22 ₹8,121 30 Sep 23 ₹9,662 30 Sep 24 ₹13,508 30 Sep 25 ₹12,068 30 Sep 26 ₹10,786 Returns for ICICI Prudential Technology Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Oct 26 Duration Returns 1 Month -8.3% 3 Month 5.8% 6 Month 3.6% 1 Year -10.6% 3 Year 4% 5 Year 1.8% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 -1.9% 2024 25.4% 2023 27.5% 2022 -23.2% 2021 75.7% 2020 70.6% 2019 2.3% 2018 19.1% 2017 19.8% 2016 -4% Fund Manager information for ICICI Prudential Technology Fund
Name Since Tenure Vaibhav Dusad 2 May 20 6.34 Yr. Sharmila D’mello 30 Jun 22 4.18 Yr. Data below for ICICI Prudential Technology Fund as on 31 Aug 26
Equity Sector Allocation
Sector Value Technology 60.83% Communication Services 16.24% Consumer Cyclical 6.98% Industrials 4.12% Health Care 3.96% Financial Services 2.85% Real Estate 1.07% Consumer Defensive 1.03% Asset Allocation
Asset Class Value Cash 3.16% Equity 96.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY12% ₹1,685 Cr 14,864,726
↓ -471,317 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL11% ₹1,562 Cr 8,622,126 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | 5327558% ₹1,039 Cr 6,385,113
↑ 230,272 Mphasis Ltd (Technology)
Equity, Since 30 Jun 20 | 5262995% ₹619 Cr 2,549,820 Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | COFORGE4% ₹588 Cr 2,960,400
↓ -565,000 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jul 21 | CTSH3% ₹476 Cr 771,638 LTM Ltd (Technology)
Equity, Since 31 Jul 16 | LTM3% ₹370 Cr 815,534
↓ -234,066 Sagility Ltd (Healthcare)
Equity, Since 30 Nov 24 | SAGILITY3% ₹351 Cr 74,637,433 Wipro Ltd (Technology)
Equity, Since 30 Sep 19 | 5076853% ₹350 Cr 18,967,000
↓ -686,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | ETERNAL2% ₹321 Cr 9,768,617 3. SBI Technology Opportunities Fund
SBI Technology Opportunities Fund
Growth Launch Date 9 Jan 13 NAV (01 Oct 26) ₹190.638 ↑ 0.54 (0.28 %) Net Assets (Cr) ₹4,488 on 31 Aug 26 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆ Risk High Expense Ratio 1.91 Sharpe Ratio -0.3 Information Ratio 0.73 Alpha Ratio 4.26 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 30 Sep 21 ₹10,000 30 Sep 22 ₹8,672 30 Sep 23 ₹10,607 30 Sep 24 ₹14,570 30 Sep 25 ₹14,112 30 Sep 26 ₹12,788 Returns for SBI Technology Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Oct 26 Duration Returns 1 Month -7.5% 3 Month 7% 6 Month 5% 1 Year -9.4% 3 Year 6.5% 5 Year 5.2% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 1.5% 2024 30.1% 2023 24.8% 2022 -15.5% 2021 66.4% 2020 47.3% 2019 12.2% 2018 17.1% 2017 13% 2016 -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 Aug 26
Equity Sector Allocation
Sector Value Technology 58.07% Communication Services 21.9% Consumer Cyclical 12.56% Financial Services 2.54% Health Care 1.22% Asset Allocation
Asset Class Value Cash 3.71% Equity 96.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 18 | BHARTIARTL16% ₹725 Cr 4,000,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY9% ₹397 Cr 3,500,000
↓ -895,176 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 06 | TCS8% ₹341 Cr 1,420,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | ETERNAL7% ₹295 Cr 9,000,000
↓ -1,600,000 Coforge Ltd (Technology)
Equity, Since 31 Aug 23 | COFORGE5% ₹238 Cr 1,200,000 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jul 23 | CTSH5% ₹203 Cr 330,000 LTM Ltd (Technology)
Equity, Since 31 Oct 24 | LTM4% ₹187 Cr 411,229
↓ -88,771 Microsoft Corp (Technology)
Equity, Since 31 Aug 20 | MSFT4% ₹184 Cr 38,000 Amagi Media Labs Ltd (Technology)
Equity, Since 31 Jan 26 | AMAGI4% ₹170 Cr 3,000,000
↓ -174,791 Alphabet Inc Class A (Communication Services)
Equity, Since 31 Dec 23 | GOOGL4% ₹162 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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