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Technology funds usually invest in equities of technology companies. They usually try to bet on new emerging technologies which are likely to disrupt the tech world with new innovations. The Portfolio of these Technology Funds consists of tech companies like Infosys, HCL Technologies, Tech Mahindra, Mind Tree etc. Most of the companies in these funds operate in the domain of solving complex business challenges with breakthrough technical innovations. These include IT, digital transformation, data analytics, Artificial Intelligence and Machine Learning. https://www.edelweissmf.com/types-of-mutual-funds/international-fund-of-funds/edelweiss-us-technology-equity-fund-of-fund
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definition Technology funds usually invest in equities of technology companies. They usually try to bet on new emerging technologies which are likely to disrupt the tech world with new innovations. The Portfolio of these Technology Fundsconsists of tech companies like Infosys, HCL Technologies, Tech Mahindra, Mind Tree etc. Most of the companies in these funds operate in the domain of solving complex business challenges with breakthrough technical innovations. These include IT, digital transformation, data analytics, Artificial Intelligence and Machine Learning.
Popularity of Technology funds • In the recent years, technology funds have become a lot popular in terms of investment opportunities and this is the reason why there is a constant increase in IT sector by the GDP share and there is a continuous increase in exports of IT products and services. As per NASSCOM report the domestic revenue of the IT was pegged at US$ 38 billion while the revenue from export was estimated at US$ 117 billion in FY17.
Future of Technology Funds • The growth of the tech sector was predicted in 1965 by Intel co-founder Gordon E. Moore. His ‘Moore’s Law’ states that every two years we would have the means necessary to double the number of transistors on a single chip. And while a single chip may not look like much, when you apply this ‘law’ to the technology sector as a whole the prospect for growth and disruption is mind-boggling! And as every good investor knows, disruption creates new opportunities for investments which is why technology mutual funds are in such demand right now. Start your investments by investing in Technology Funds today!