Are technology mutual funds a good investment?

Is it good to invest in technology fund?

Technology mutual funds in India have consistently provided an annualized return of 15 percent to 19 percent over a five year period. With such a decent performance in the past, these funds are believed to deliver good returns in the future. … One should not solely depend on this fund for wealth creation.

Are tech mutual funds good?

Tech stock mutual funds can be good choices for long-term investors with a high tolerance for risk. Tech is an aggressive growth stock category, so you should be comfortable with ups and downs in value that can be more pronounced than a broadly diversified fund, such as an S&P 500 Index fund.

Which is best technology fund?

Frequently asked questions

Fund Name Fund Category 5 Year Return
ICICI Prudential Technology Fund Equity 33.91%
Tata Digital India Fund Equity 34.43%
Aditya Birla Sun Life Digital India Fund Equity 32.66%
SBI Technology Opportunities Fund Equity 29.05%

Which sector is best to invest in mutual funds?

Top & Best Sector Mutual Funds To Invest In FY 21 – 22

  • IDFC Infrastructure Fund. …
  • Aditya Birla Sun Life Banking And Financial Services Fund. …
  • Franklin Build India Fund.
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What is technology fund?

Technology Funds, as the name defines are mutual fund schemes that invests in assets of companies involved in the sector of technology. It is a Sectoral Fund that invests primarily in equities of technological companies.

Is it good to invest in Icici technology fund?

Pros and Cons of ICICI Prudential Technology Fund

Long term capital appreciation. 2. The fund invests on equity and equity related securities of the technology and technology dependent companies. The equity market has shown strong performance as it continues to scale new heights.

Which mutual fund is best for SIP in 2021?

Top Performing SIP Mutual Funds to Invest in May 2021

Fund Name Category
Kotak Bluechip Fund Large-Cap Equity Mutual Fund Growth
ICICI Prudential Bluechip Fund Large-Cap Equity Mutual Fund Growth
Nippon India Growth Fund Mid-Cap Equity Mutual Funds- Growth
Axis Midcap Fund Mid-Cap Equity Mutual Funds- Growth

Which SIP is best for long term investment?

Large-Cap Schemes

Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
ICICI Pru Top 100 Fund (G) Rs.9,41,591 16.02%
Quantum LT Equity Fund (G) – Direct Plan Rs.9,15,695 16.86%
Reliance Growth Fund (G) Rs.10,75,057 18.05%
SBI BlueChip Fund – Reg (G) Rs.9,55,955 16.86%