My Profit: This fund will rain money on you in 2022, has given strong returns of 67% to investors in 2021

My Profit: This fund will rain money on you in 2022, has given strong returns of 67% to investors in 2021


My Profit: 'Money' on you in 2022- India TV Paisa
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My Profit: This fund will rain money on you in 2022, has given strong returns of 67% to investors in 2021

Highlights

  • Investors have made enormous income from IT and Technology Fund
  • Here in 2021, investors have made a hefty revenue of 67 p.c on a mean
  • ICICI Prudential Technology Fund gave 77% returns this yr

Investing in the inventory market and mutual funds is dangerous, the income are excessive and the losses are heavy. The funds we’re speaking about have made enormous income for the investors. These are the IT and Technology Fund. Here in 2021, investors have earned a hefty revenue of 67 p.c on a mean.

According to a current report by mutual fund monitoring agency Value Research, funds in the know-how or IT sector gave a mean of 67 per cent returns in 2021. In this too, the efficiency of IT funds this yr has topped the charts.

Know which fund gave how a lot return

ICICI Prudential Technology Fund has given 77% returns this yr. Seven of the whole eight IT plans launched simply 1 yr in the past have given returns of greater than 60% in 2021. Franklin India Technology Fund has given a return of 40%. The benchmark index S&P BSE IT TRI provided 58% in 2021.

IT fund efficiency

Fund Return
ICICI Prudential Technology Fund 77.05%
Tata Digital India Fund 76.63%
ABSL Digital India Fund 71.89%
SBI Technology Opportunities Fund 68.29%
SBI ETF IT 61.85%
Nippon India ETF Nifty IT 61.71%
ICICI Prudential IT ETF 61.49%
Franklin India Technology Fund 39.74%

Source: Value Research

What was the rationale for the hefty returns?

Many investors, particularly new ones, are investing in IT schemes in the current instances due to the astonishing returns provided by these funds. The IT sector has been in focus ever for the reason that Covid-19 pandemic jeopardized economies internationally. IT has emerged as probably the most most well-liked sector of international investors. The CLSA report stated that FIIs in India are diverting money from the banking sector and investing it in shares of IT firms. Due to which this sector is booming.

recommendation to investors

However, investors mustn’t base their funding choices on previous efficiency. As they are saying in the disclaimer, previous efficiency doesn’t assure future returns. We usually don’t advocate our readers to make investments in any sector fund. We consider that it will be troublesome for normal investors to hold a watch on any sector. We consider that investors ought to take such bets by way of Flexi Cap Funds solely. A great flexi cap fund supervisor will be smart to guess on well-performing sectors or sectors which have good potential.

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