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Overview
Technology mutual funds concentrate on companies operating in technology and related digital businesses.
Depending on the scheme mandate, portfolios may include IT services, software, digital platforms, technology-enabled services, and other companies whose businesses are closely connected to technology.
Technology can offer significant growth opportunities, but sector concentration, changing technology, overseas demand, currencies, and high valuations can create substantial risk.
Explained
Technology mutual funds are sectoral equity schemes focused primarily on technology-related businesses.
The investment universe may include:
Other businesses covered by the scheme's technology mandate
Explained
The fund manager identifies technology companies based on the scheme's mandate and investment strategy.
Research can include:
Indian technology businesses can have substantial international exposure.
As a result, developments in overseas economies and corporate technology spending can affect revenue and earnings.
Suitability
Technology Funds may suit investors who:
They should not be selected simply because technology has performed well recently.
Advantages
Investors can gain exposure to multiple technology companies through a single scheme.
Cloud adoption, digitisation, automation, artificial intelligence, cybersecurity, and technology spending can create opportunities for companies serving these markets.
Technology evolves rapidly. Fund managers can assess business models, client demand, competitive positioning, and valuations when selecting companies.
A fund can hold several technology companies rather than exposing investors to the fortunes of a single stock.
Before you invest
Technology-specific problems can affect several portfolio companies at once. This makes the category less diversified than broad-market equity funds.
Many Indian IT businesses depend heavily on international clients. Slower technology spending overseas can affect growth.
Companies earning revenue in foreign currencies can be affected by movements in exchange rates.
Technology changes quickly. A company that appears dominant today may face new competitors, business models, or technologies later.
Investor enthusiasm around technology themes can push valuations higher. A growing industry does not guarantee attractive investment returns at every valuation.
Taxation
Technology Funds generally qualify as equity-oriented mutual funds when they meet the applicable requirements.
For qualifying units held for more than 12 months, gains are generally treated as long-term capital gains.
Long-term gains covered under Section 112A are generally taxed at 12.5% above the applicable annual exemption threshold.
Qualifying gains on units held for 12 months or less are generally treated as short-term capital gains and taxed at the applicable special rate under Section 111A.
Check current tax provisions before redeeming your units.
Step by step
Good to know
It is a sector-focused equity mutual fund that invests predominantly in technology and related businesses according to its scheme mandate.
They can be. Technology Funds carry normal equity risk plus sector concentration, valuation, disruption, currency, and global-demand risks.
Not necessarily. The portfolio depends on the scheme's investment mandate and may include other technology and technology-enabled businesses.
Corporate technology spending, global economic growth, exchange rates, competition, margins, technological change, and stock valuations can influence returns.
Most open-ended Technology Funds generally allow SIP investments, subject to individual scheme terms.
Recap
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FUND
Franklin India Technology Fund Direct GrowthEquity Technology₹519.49
0.27%
-9.62%
8.31%
7.25%
SBI Technology Opportunities Fund Direct GrowthEquity Technology₹227.94
0.38%-8.69%
7.86%
6.98%
I
ICICI Prudential Technology Fund Direct Plan GrowthEquity Technology₹198.51
0.46%-10.68%
5.31%
3.67%
T
Tata Digital India Fund Direct GrowthEquity Technology₹48.03
0.2%-12.81%
4.38%
3.75%
Aditya Birla Sun Life Digital India Fund Direct Plan GrowthEquity Technology₹176.29
0.14%-8.21%
3.83%
4.37%
HDFC Technology Fund Direct GrowthEquity Technology₹11.76
0.09%-14.67%
5.48%
N.A.
Invesco India Technology Fund Direct GrowthEquity Technology₹9.96
0.2%0.5%
N.A.
N.A.
Quant Teck Fund Direct Reinvestment Inc Dist cum Cap WdrlEquity Technology₹11.32
0.9%-7.15%
N.A.
N.A.
Edelweiss Technology Fund Direct Payout of Income Distribution cum capital withdrawal optionEquity Technology₹13.12
0.33%7.55%
N.A.
N.A.
WhiteOak Capital Digital Bharat Fund Direct GrowthEquity Technology₹10.45
0.01%-2.12%
N.A.
N.A.
Franklin India Technology Fund Direct Rnvstmnt of Inc Dist cum Cap WdrlEquity Technology₹45.27
0.27%-10.17%
7.56%
6.52%
SBI Technology Opportunities Fund Direct Reinvestment of Income Dist cum cap wdrlEquity Technology₹161.9
0.38%-8.69%
7.86%
6.98%
I
ICICI Prudential Technology Fund Direct Plan Reinvestment of Income Distribution cum Cap WdrlEquity Technology₹115.34
0.46%-10.87%
5.1%
3.45%
T
Tata Digital India Fund Direct Reinvestment of Income Distribution cum Capital WithdrawalEquity Technology₹46.42
0.2%-15.73%
3.2%
3.04%
Aditya Birla Sun Life Digital India Fund Direct Plan Payout Inc Dist cum Cap WdrlEquity Technology₹49.17
0.14%-8.54%
3.41%
3.86%
HDFC Technology Fund Direct Payout Inc Dist cum Cap WdrlEquity Technology₹11.76
0.09%-14.67%
5.48%
N.A.
Invesco India Technology Fund Direct Reinvestment of Income Dist cum Capital WtdrlEquity Technology₹9.96
0.2%0.5%
N.A.
N.A.
Quant Teck Fund Direct GrowthEquity Technology₹11.33
0.9%-7.15%
N.A.
N.A.
Edelweiss Technology Fund Direct GrowthEquity Technology₹13.12
0.33%7.55%
N.A.
N.A.
Motilal Oswal Digital India Fund Direct Reinvestment Inc Dist cum Cap WdrlEquity Technology₹11.64
2.26%8.69%
N.A.
N.A.
Showing 1–20 of 34
