Technology mutual funds in India have consistently provided an annualized return of 15 percent to 19 percent over a five year period. Some of India’s leading IT firms are Infosys, TCS, Wipro, Tech Mahindra, etc., that have created a huge mark in the sector. It has emerged as a global economic force and a major contributor to the Indian Economy in particular and the world in general. India’s IT industry contributed around 7.7% to the country’s GDP and is expected to contribute 10% by 2025.ĭuring COVID-19 pandemic Indian IT industry showed positive signs and had the resilience to overcome this mass tragedy. The country remained world’s top sourcing destination in 2016-17 with a share of 55%. The global sourcing Market in India continues to grow at a higher pace. The technology sector in India is undergoing rapid evolution and is changing the shape of Indian business standards.
More than 80 percent of the country's software exports were from SEEPZ in the 1980s. The first software export zone, SEEPZ, the precursor to the modern-day IT park, was established in Mumbai in 1973. India's IT Services industry was born in Mumbai in 1967 with the establishment of the Tata Group in partnership with Burroughs. The greatest advantage of Investing in technology Mutual Funds is that investors can gain access and exposure to dozens of technology stocks in just one fund. It also includes electronics & technological service companies such as those providing information technology, etc. The technology sector is a category of equity fund that invest in companies involved in technological businesses, such as manufacturers producing computer software and hardware. Aditya Birla Sun Life Digital India Fundĥ Best Performing Technology (IT) Sector Funds 2021 Updated on Decem, 93158 views.How to Invest in Best Technology Funds Online?.
Top 5 Best Technology (IT) Sector Funds in India FY 21 - 22.
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