After a period of hibernation, technology stocks are suddenly back in the reckoning in the Indian markets. Riding high, technology mutual funds are also fetching investors high returns in the last few weeks.
Let’s have a look at some of the prominent tech funds and their returns.
Aditya Birla Sun Life Digital India Fund
This fund has fetched returns of 16.52% in the past 3 months. It means if someone invested Rs 10,000 3 months ago it would have fetched the investor Rs 11,651.90.
The return is based on the NAV of Rs 177.68 dated July 25, 2024.
The fund was launched in January 2000.
HDFC Technology Fund
The return of this fund in the past three months has been recorded at 20.32%.
It means that if an investor put in Rs 10,000 in it 3 months ago, it would have generated a value of Rs 12,031.60.
This return was based on the NAV of Rs 13.70 dated July 26, 2024.
ICICI Prudential Technology Fund
Launched in March 2000, this is one of the oldest tech funds in the Indian market. The returns generated in the past 3 months were recorded at 17.38%. Anyone who had entrusted Rs 10,000 with this fund 3 months ago would have got Rs 11,737.80.
By the way, the absolute returns it generated from inception stand at 1,892.50%, which means Rs 10,000 invested then would have turned into Rs 199,250 now.
These returns are based on the NAV of Rs 199.25 on July 25.
Tata Digital India Fund
Over a three-month period, the Tata Digital India Fund has generated returns of 19.57%. A person investing Rs 10,000 in this fund 3 months ago would have got Rs 11,957.00.
The above calculation is based on the NAV of Rs 50.02 as on July 26.
Franklin India Technology Fund
In the past 3 months it has fetched returns of 13.54%, which is lower than its peers. The returns have been calculated on a NAV of Rs 522.48 as on July 25, 2024.
But it is remarkable from another aspect. This fund dates back to August 1998 and has generated a return of 10,349% since inception. Therefore, Rs 10,000 invested on August 22, 1998 would have generated Rs 104,49,70 (Rs 10.44 lakh).
Please note that the growth option of all these funds has been considered.
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