Exactly one year ago India was in complete lockdown. Today again many states have announced lockdown and curfew at their level to curb the increasing records corona cases. The same concern is being eaten up by the investors of the stock market. The stock market has suffered losses of more than 1100 points in just two days. Experts in the market consider every fall as an opportunity to invest in good stocks. Stocks that have the power to expand further and give you profits. In this era of work from home, they give the opportunity of earning technology funds. In the last one year, during the Corona crisis, your investment in these funds has doubled – that is, you have given returns of more than 100 percent.
You do not get the same variety and options in investing from risk to returns to Mutual Funds. There is an opportunity to invest from stock market giants to small companies, but with this you can also place bets on any one sector through mutual funds. Technology funds are mutual funds that invest in companies working in the IT sector.
If compared to 20 April 2020, the benchmark indices of IT companies S&P BSE IT and Nifty IT have gone up by 104 per cent till 20 April 2021. IT companies have also presented the results for the March quarter and have given good guidance for the future. Of these, Infosys has also announced a buyback. Technology funds invested in India have maximum investment in IT companies like Infosys, TCS, HCL Tech, Tech Mahindra, Scientus, Wipro, Koforge, Persistent Systems.
Mutual Funds: Which funds have earned money?
Among technology funds (ICICI Prudential Technology Fund) has given 136.87 per cent returns in a year i.e. better returns than the benchmark index BSE IT. If you had invested 1 lakh in it a year ago, it would have been 2.37 lakh by now. At the same time, if there was a SIP of Rs 10,000 every month, then this fund would have raised you 1.77 lakhs.
While Tata Digital India Fund earned more than 117 per cent in a year, Aditya Birla Sun Life Digital India Fund has given returns of close to 115 per cent.
All these funds have given more than 20 per cent returns for 3 years. Calculations are done on returns at the rate of 12 per cent in common financial planning. That is, these funds have shown better than average performance.
Here is how the performance is and how much is the expense ratio –
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