Leading technology-focused mutual funds in India are ramping up investments in AI-driven companies, capitalizing on the sector’s innovation boom despite recent market volatility. These funds offer targeted exposure to IT giants and emerging AI players, ideal for long-term growth seekers.
Leading Technology Funds Performance
ICICI Prudential Technology Fund Direct Growth tops AUM growth at ₹14,590 Cr, adding ₹316 Cr in six months, with strong holdings in AI innovators. SBI Technology Opportunities Fund follows with ₹4,830 Cr AUM, delivering 14.37% 5-year returns and key stakes in Infosys (17.74%), TCS (11.81%), and Tech Mahindra.
AI Investment Trends and Portfolio Shifts
Funds are adding AI-linked stocks like Hexaware Technologies (added by 7 funds) and Siemens Energy India, while exiting Tata Communications and others amid sector corrections. With high growth potential in AI, cloud, and software, these funds suit aggressive investors but carry volatility risks from sectoral concentration. Experts recommend assessing Alpha, Beta, and CAGR for selection.
