Top Performing Technology Mutual Funds for 2019
Stock markets are falling day by day. Most of the stocks and mutual funds have shown negative signs in this bear market in the last 3 months. However, one of the category of mutual funds that are positive is Technology Funds. Technology Mutual Funds had a limited downside now even when SENSEX has fallen 3,000 points from its peak in the last few weeks. With growing interest and positive signs, technology mutual funds are expected to perform well in the last 2-3 years. Which are the top performing Technology mutual funds to invest in 2019? Which are the best technology mutual funds that you can bet from such downside in 2019?
Also Read: Best International Mutual Funds that are not impacted with Stock Market volatality
How we filtered these Top Performing Technology Mutual Funds for 2019?
We have filtered these top performing tech funds based on these parameters.
1) Mutual Fund schemes from technology Sector only are considered here.
2) Funds that have performed well in the last 1 year have been picked up here. Since the rally is there in the last few months, we picked up last 1 year performance as a basis. We have also checked whether these have shown good performance in the last 3 months and 1 month as most of the bear market started in the last 6-8 weeks.
3) Funds are filtered irrespective of the size of assets under management (AUM). This means, even < 100 Crore AUM funds are filtered.
4) Some of these funds could be repetitive from our earlier recommendations; hence if you are investing in them, you can continue to invest.
Who can invest in Technology Mutual Funds?
Technology funds are sector funds that are high risk. If you have a high risk appetite, aiming to get superior returns and willing to invest a lump sum or through SIP you can invest in these funds. If you are moderate or low risk taker, you should STAY AWAY from these mutual funds. In such case you can go for equity mutual funds.
5 Top Performing Technology Mutual Funds to invest in 2019