Many users asked me about the current Midcap Technology Boom and what should be their strategies to ride it. So here I am once again with list of some of the best technology funds and some other funds which have significant exposure to technology sector. The order of listing is based on the exposure to the technology sector.
Franklin Infotech
Launched in August 1998 and has given 22% annualized return from inception and 120% return in 2009. It has close to 98% of its holding in Technology sector.
Magnum IT
Launched in July 1999 and has given 13% annualized return from inception and 112% return in 2009. It has close to 90% of its holding in Technology sector.
ICICI Prudential Technology
Launched in January 2000 and has given 3 percent annualized return from inception and 105% return in 2009. It has close to 84% of its holding in Technology sector.
Birla Sun Life New Millennium
Launched in January 2000 and has given 6 percent annualized return from inception and 72% return in 2009. It has close to 70% of its holding in Technology sector.
DSPBR Technology.com Reg
Launched in April 2000 and has given 12 percent annualized return from inception and 96% return in 2009. It has close to 64% of its holding in Technology sector.
Tata Life Sciences & Tech
Launched in June 1999 and has given 20 percent annualized return from inception and 120% return in 2009. It has close to 40% of its holding in Technology sector.
UTI Services Industries
Launched in June 1999 and has given 25 percent annualized return from inception and 80% return in 2009. It has close to 30% of its holding in Technology sector.
Tata Service Industries
Launched in March 2005 and has given 20 percent annualized return from inception and 103% return in 2009. It has close to 27% of its holding in Technology sector.
ICICI Prudential Services Industries
Launched in November 2005 and has given 11 percent annualized return from inception and 70% return in 2009. It has close to 27% of its holding in Technology sector but the majority of its holding is in financial sector.
Principal Services Industries
Launched in February 2006 and has given 8 percent annualized return from inception and 80% return in 2009. It has close to 20% of its holding in Technology sector but the majority of its holding is in financial and energy sector.
Note: All numbers are based from ValueResearchOnline.com and rounded to nearest values.
I have selected funds from fund houses I invest into and this list may not be complete and if you have other funds to suggest do so in comments. I would be more than happy to add to the list.
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{ 9 comments… read them below or add one }
Hello Shabbir,
I’m now 21 years, just entering to my job (software). As early bird catches the fire, I wish to start investment and insurance plans from this age. I’m not expecting short-term gains but I need a long-term advantage. I wish to invest in Mutual Funds and I also like to start an ULIP. Please suggest me which Mutual Funds are better in long-term prospective and also please throw some light on Unit Linked Insurance plan (whether is it good or bad). Thanks for your help.
- Kiran.
Kiran, have you seen http://shabbir.in/where-should-i-invest/
Hi Shabbir,
Thanks for the response, I have read the article and it is very good. But I would like to know something about an ULIP. In advertisements, companies are saying that we will get Maximum NAV (recorded over the years on daily basis) at the time of maturity. So, please throw some light over ULIP and it’s advantages and disadvantages. I really thank you very very much for helping beginners like us…
Kiran, That is a marketing glitch which looks attractive. Consider FD. Will you ever get a return less than previous day. This is something similar where you get return close to guaranteed returns.
Hi Shabbir
I am new to investing and have been following your site frequently over past 1 month and been learning a lot.
I had some Rs. 85000/- invested in Franklin Templeton Tax shield under dividend payout option (more than 3 years). I have changed it to Growth now. However I would like to switch the available units to Franklin Infotech growth fund. what is your advise on this?
Regards
Kavita
Cochin-Kerala
Good option if you think Infotech sector will give you returns.
Hi Shabbir,
I want invest a sum of about 7000 in mutual funds for a period of about 2.5 yrs, so that the end of 3rd year i will use for my child’s education .
Can u suggest me some good options ?
Any good mutual fund should be a good bet for such a small amount.
Very informative post…thanks a ton