List of top 5 technology funds that delivered double-digit returns
Mutual fund offers various types of sector-oriented funds, out of which, technology funds have delivered double-digit returns in over 1-year, 3-year, and 5-year time periods.
These funds invest the investors’ monies in one sector i.e., the technology sector. These funds are equity-oriented mutual funds that offer higher returns accompanied by higher risk. Investors with higher risk should choose to invest in these funds as all the monies invested by an individual are invested in one single sector, which might be risky and there is no diversification over other sectors. If a particular sector faces drawdown, then there is a risk that all monies invested may get affected.
As per SEBI, sectoral or thematic funds are open-ended schemes investing a minimum of 80 per cent of total assets in equity and equity-related instruments of a particular sector. Let’s look at the top five funds, which have delivered remarkable returns:
|
Fund name
|
1-year return (in per cent)
|
3-year return (in per cent)
|
5-year return (in per cent)
|
Asset under management (As on July 31, 2021) (in crore)
|
|
ICICI Prudential Technology Fund-Direct Plan
|
108.10
|
37.41
|
32.67
|
4,084
|
|
Aditya Birla Sun Life Digital India Fund-Direct Plan
|
96.46
|
35.13
|
31.73
|
1,950
|
|
Tata Digital India Fund-Direct Plan
|
109.12
|
34.44
|
32.69
|
2,179
|
|
SBI Technology Opportunities Fund-Direct Plan
|
95.67
|
33.18
|
27.90
|
1,150
|
|
Franklin India Technology Fund-Direct Plan
|
66.88
|
28.37
|
25.92
|
637
|
(Note: Returns more than a year are annualised).