MF schemes that invest in IT companies outperform previous week
DSIJ Intelligence / 15 May 2017
The mutual fund schemes that invest in Information technology were seen outperforming its sectoral peers as well as broader markets.
The markets continued its upsurge previous week also marking new highs for itself with Nifty 50 clocking gains of 1.20 per cent.
The mutual fund schemes that invest in Information technology were seen outperforming its sectoral peers as well as broader markets.
DSPBR Technology.com Fund – Reg (G) delivered gains of almost 3.61 per cent previous week whereas ICICI Pru Technology Fund (G) has generated 3.10 per cent returns. SBI IT -Fund (G) – Direct Plan was amongst the best performer with the fund generating returns in excess of 3 per cent.
For DSPBR Technology.com Fund which is also the top performing IT, the fund has Infosys, NIIT Technology, HCL Technology, TCS and Tech Mahindra as its top five holdings.
Over on year, the fund has generated negative three per cent returns owing to the under-performance of IT companies.
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