MF Update: Top 3 Tech funds of April

The technology sector funds have made a solid come back in the last one month. The category has performed very well and registered an average return of 10.76 percent in the last one month. Also, these funds are topping the returns chart with their stellar returns in the recent past.

The basic reason for this can be the earnings rebound. Until now IT sector managed to deliver good earnings on the basis of healthy orders and other developments. The IT giant TCS post its recent earnings has entered the list of the top 100 valuable firms by market valuations which is a positive trigger for the sector. Moreover, the IT sector is an export-oriented sector owing to which it has gained from the rupee depreciation.

To analyse these returns we have gone through all the technology schemes and analysed their returns in the last one month. According to our data analysis, below-mentioned schemes are the top performing schemes in the category in the last one month.

With the presence of TCS, Cyient, Infosys the portfolio of these funds seems to be promising for the upcoming period. After the bad phase of last two years, IT sector funds are back into the race with their promising earnings ushering hope for future growth in the sector.