Top 5 Best Performing Technology Mutual Funds in India

Invest in Top 5 Best Performing Technology Mutual Funds in India.

Here are Top 5 Best Performing Technology Mutual Funds in India where you can Invest your Money and allow it to grow.

Why Invest in Technology Mutual Funds?

We all know that equity mutual funds are the best and most volatile instrument to grow wealth. And, with thousands of mutual fund schemes available to invest, we should take proper advice from a trusted advisor for investing in equity mutual funds.

Instead of researching all direct equity and deciding when to buy or sell and at what price on a regular basis, we should:

• Analyze macroeconomic environment and global events;
• Practice goal based investment;
• Follow strategic and tactical asset allocation and research good mutual funds to invest.

Remember: 10% equity MF return is always better than 12% direct equity return on a risk adjusted basis.

Why Technology Mutual Funds?

Technology is the way forward and the main change agent in most progressive economies today. Technology funds in India have consistently provided an average return of 11% to 30% over the years. This is owing to a constant increase in the IT sector in the GDP share and continuously increasing exports of IT products and services. If you are willing to get a good rate of return on your investments in 2022 and thereafter, a technology mutual fund may be one of the best options to invest.

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List of Top 5 Best Performing Technology Mutual Funds in India

S. No	Technology Mutual Fund	Avg. Return (3 Y)
1.	ICICI Prudential Technology Fund	30.28% p.a.
2.	Tata Digital India Fund	25.99% p.a.
3.	SBI Technology Opportunities fund	25.2% p.a.
4.	Aditya Birla Sun Life Digital India Fund	28.04% p.a.
5.	Franklin India Technology Fund	19.32% p.a.

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Fundamentals: Top 5 Best Performing Technology Mutual Funds in India

Following are the top technology sector funds to consider:

1. ICICI Prudential Technology Fund

• Avg. Return (Last 3 Years): 30.28% p.a.
• Avg. Return (Last 5 Years): 26.62% p.a.
• Avg. Return (Since Launch): 12.14% p.a.
• Launch Date: 03-Jan-2000
• Lock in Period: No Lock-in
• Risk: Very High
• Equity Type: Sectoral
• Expense Ratio: 1.81%
• Plan Type / Option: Direct / Growth
• Minimum Investment Amount: Rs. 100
• Exit Load: 1% / 15 days

2. Tata Digital India Fund

• Avg. Return (Last 3 Years): 25.99% p.a.
• Avg. Return (Last 5 Years): 26.22% p.a.
• Avg. Return (Since Launch): 18.58% p.a.
  
• Launch Date: 28-Dec-2015
  
• Lock in Period: No Lock-in
• Risk: Very High
• Equity Type: Sectoral
• Expense Ratio: 2.08%
• Plan Type / Option: Direct / Growth
• Minimum Investment Amount: Rs. 150
• Exit Load: 0.25% / 30 days

3. SBI Technology Opportunities Fund

• Avg. Return (Last 3 Years): 25.2% p.a.
• Avg. Return (Last 5 Years): 23.93% p.a.
• Avg. Return (Since Launch): 15.08% p.a.
  
• Launch Date: 01-Jan-2013
  
• Lock in Period: No Lock-in
• Risk: Very High
• Equity Type: Sectoral
• Expense Ratio: 2.02%
• Plan Type / Option: Direct / Growth
• Minimum Investment Amount: Rs. 500
• Exit Load: 0.50% / 15 days

4. Aditya Birla Sun Life Digital India Fund

• Avg. Return (Last 3 Years): 28.04% p.a.
• Avg. Return (Last 5 Years): 25.44% p.a.
• Avg. Return (Since Launch): 11.28% p.a.
  
• Launch Date: 15-Jan-2000
  
• Lock in Period: No Lock-in
• Risk: Very High
• Equity Type: Sectoral
• Expense Ratio: 2.09%
• Plan Type / Option: Direct / Growth
• Minimum Investment Amount: Rs. 100
• Exit Load: 1% / 30 days

5. Franklin India Technology Fund

• Avg. Return (Last 3 Years): 19.32% p.a.
• Avg. Return (Last 5 Years): 18.57% p.a.
• Avg. Return (Since Launch): 18.31% p.a.
  
• Launch Date: 22-Aug-1998
• Lock in Period: No Lock-in
• Risk: Very High
• Equity Type: Sectoral
• Expense Ratio: 1.46%
• Plan Type / Option: Direct / Growth
• Minimum Investment Amount: Rs. 500
• Exit Load: 1% / 1 year

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Technology Mutual Funds in India FAQ

Conclusion & Disclaimer

So, what are the Best MF to invest in Technology Sector?

Above are some of the best and top performing equity sectoral mutual funds that invest exclusively in technology companies with risk factor a bit on the higher side. But, even the risk is higher in technology stocks; you should also expect higher return.

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