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.
