Technology is a booming industry in India, and this sector is one of the highest income-yielding classes.
Moreover, the Indian Government has been spending a lot of money in the technology sector in order to digitize the nation, and both old and new tech companies are reaping the benefits.
So, if you want to invest in these exponentially growing companies, you can consider adding technology mutual funds to your portfolios. To know about the best technology mutual funds, read on.
Technology mutual funds invest predominantly in IT and digital businesses and are suitable for investors with a high-risk appetite and a long-term investment horizon. Some top-rated technology funds are:
| Fund Name | 1Y Return | 3Y Return (CAGR) | 5Y Return (CAGR) | AUM (in Cr) |
| Franklin India Technology Fund | -14.43% | 12.01% | 8.82% | 1,645 |
| SBI Technology Opportunities Fund | -16.02% | 8.97% | 9.19% | 4,228 |
| ICICI Prudential Technology Fund | -17.44% | 7.89% | 6.73% | 13,068 |
| Tata Digital India Fund | -19.92% | 6.70% | 6.86% | 9,660 |
| Aditya Birla Sun Life Digital India Fund | -17.62% | 5.56% | 6.14% | 3,817 |
| HDFC Technology Fund | -22.60% | 4.21% | 4.21% | 1,335 |
| Edelweiss Technology Fund | 2.90% | 7.40% | 8.10% | 727 |
| Invesco India Technology Fund | -3.90% | 8.20% | 8.50% | 308 |
| LIC MF Technology Fund | 7.58% | 7.19% | 7.19% | 86 |
| Edelweiss US Technology Equity FOF | 5.80% | 15.20% | 17.80% | 2,200 |