1. PROJECT TITLE:
COMPARATIVE STUDY OF TOP 5
SECTORAL(TECH) FUNDS IN INDIA
SUBMITTED TO: SUBMITTED BY:
DR. ANUBHA GUPTA GROUP-10
DEEPAK KUMAR
[FT-10-844]
CHANDAN KUMAR
[FT-10-842]
HARSH VARDHAN
[FT-10-858]
SHEKHAR MITTAL
[FT-10-944]
SHUBHADIP BISWAS
[FT-10-948]
SUPARAG MISHRA
[FT-10-959]
PGDM 10-12
IILM-GSM

2. ACKNOWLEDGEMENT
The satisfaction and euphoria that accompany the successful completion of any
task of dream would be incomplete without mentioning the name of the people
whose constant guidance and encouragement has crowned all our efforts with
success.
Firstly we would like to thank DR. ANUBHA GUPTA for giving us her precious
time, encouragement and guidance that helped us a lot to making this project
compact and meaningful.
Last but not least we would like to thank all those people for their immense
cooperation who encouraged us in any way and without support of those people
this project never be completed successfully.
Most specially a special thanks to our family and friends.

3. EXECUTIVE SUMMARY
The mere words bring strong memories for investors, from the euphoria during the off-the-charts
growth of the late 1990s to widespread despair during the subsequent tech meltdown between
2000 and 2002.
Virtually all technology funds are stock or equities-only funds, and the majority of them fall into
the growth fund category in the Morningstar style box. These funds will invest in a wide range of
technology-related companies, including anything associated with the research, development and
the use of computers, software, communications, the internet, semiconductors or any other
segment of technology. Biotechnology funds are usually included in the healthcare sector,
although they can sometimes fall into the tech sector as well. As with most other types of funds,
tech funds can also be either domestic or global with regards to what securities are eligible for
purchase.
Technology is likely to be a big theme for 2011. Funds focusing on the Information Technology
sector have topped the list for the equity segment in the month of December-2010. However,
none of the best performing technology funds were able to deliver better returns than BSE IT
Index or CNX IT Index in December. In april-2011, the BSE IT Index and CNX IT Index gave
8.93% and 10.22% respectively.
The top performing tech fund in April-2011 is ICICI PRUDENTIAL TECHNOLOGY FUND
with a Month-to-Date (MTD) performance of 9.60% and a Year to Date (YTD) performance of
30.90%.
TOP FIVE TECH FUNDS IN INDIA-
ICICI Pru Technology Fund (G)
Franklin Infotech Fund - (G)
SBI Magnum SFU - Infotech Fund
Birla Sun Life New Millennium
DSP BR Technology.com (G)
The total traded value for the last six months of all CNX IT Index constituents is approximately
5.88% of the traded value of all stocks on the NSE. CNX IT Index constituents represent about
10.22% of the free float market capitalization as on March 31, 2011.
InfoTech Funds category gained 1.60% over one week period ended 4 March 2011. SBI Magnum
SFU – InfoTech Fund was the top gainer with a return of 1.95%.

4. Mutual Funds
Mutual fund schemes may be classified on the basis of its structure and its investment objective.
 By Structure:
 Open-ended Funds
An open-end fund is one that is available for subscription all through the year. These do
not have a fixed maturity. Investors can conveniently buy and sell units at Net Asset
Value ("NAV") related prices. The key feature of open-end schemes is liquidity.
 Closed-ended Funds
A closed-end fund has a stipulated maturity period which generally ranging from 3 to 15
years. The fund is open for subscription only during a specified period.
 Interval Funds
Interval funds combine the features of open-ended and close-ended schemes. They are
open for sale or redemption during pre-determined intervals at NAV related prices.
 By Investment Objective:-
 Growth Funds
The aim of growth funds is to provide capital appreciation over the medium to long-
term. Such schemes normally invest a majority of their corpus in equities
 Income Funds
The aim of income funds is to provide regular and steady income to investors. Such
schemes generally invest in fixed income securities such as bonds, corporate debentures
and Government securities. Income Funds are ideal for capital stability and regular
income.
 Balanced Funds
The aim of balanced funds is to provide both growth and regular income. Such schemes
periodically distribute a part of their earning and invest both in equities and fixed income
securities in the proportion indicated in their offer documents

5.  Money Market Funds
The aim of money market funds is to provide easy liquidity, preservation of capital and
moderate income. These schemes generally invest in safer short-term instruments such as
treasury bills, certificates of deposit, commercial paper and inter-bank call money
 Load Funds
A Load Fund is one that charges a commission for entry or exit. That is, each time you
buy or sell units in the fund, a commission will be payable. Typically entry and exit loads
range from 1% to 2%. It could be worth paying the load, if the fund has a good
performance history
 Special Schemes
 Industry Specific Schemes
Industry Specific Schemes invest only in the industries specified in the offer document.
The investment of these funds is limited to specific industries like InfoTech, FMCG, and
Pharmaceuticals etc
 Index Schemes
Index Funds attempt to replicate the performance of a particular index such as the BSE
Sensex or the NSE 50
 Sectoral Schemes
Sectoral Funds are those, which invest exclusively in a specified industry or a group of
industries or various segments such as 'A' Group shares or initial public offerings.

6. RISK HIERARCHY OF MUTUAL FUNDS:
SECTORAL MUTUAL FUNDS:
Sector mutual funds are those mutual funds that restrict their investments to a particular segment
or sector of the economy. Also known as thematic funds, these funds concentrate on one industry
such as infrastructure, banking, technology, energy, real estate, power heath care, FMCG,
pharmaceuticals etc. The idea is to allow investors to place bets on specific industries or sectors,
which have strong growth potential.
These funds tend to be more volatile than funds holding a diversified portfolio of securities in
many industries. Such concentrated portfolios can produce tremendous gains or losses,
depending on whether the chosen sector is in or out of favor. Sectoral mutual funds come in the
high risk high reward category and are not suitable for investors having low risk appetite.
Generally, mutual fund houses avoid launching sectoral funds as they are seasonal in nature and

7. do well only in cycles. Since these funds focus on just one sector of the economy, they limit
diversification and the fund manager’s ability to capitalize on other sectors, if the specific sectors
aren’t doing well. Unless a particular sector is doing very well and its long term growth
prospects look bright, it advisable not to trade in sector funds.
TECHNOLOGY FUND:
The mere words bring strong memories for investors, from the euphoria during the off-the-
charts growth of the late 1990s to widespread despair during the subsequent tech meltdown
between 2000 and 2002.
Technology is such an integral part of all aspects of our daily lives that the sector is virtually
certain to have more days in the sun. Despite this, many investors still look at mutual funds that
concentrate in this sector with great suspicion, wondering if the bottom might fall out on them
again. This article will examine the nature and composition of technology funds, as well as how
they performed both before and after the market downturn in 2000.
Virtually all technology funds are stock or equities-only funds, and the majority of them fall into
the growth fund category in the Morningstar style box. These funds will invest in a wide range of
technology-related companies, including anything associated with the research, development and
the use of computers, software, communications, the internet, semiconductors or any other
segment of technology. Biotechnology funds are usually included in the healthcare sector,
although they can sometimes fall into the tech sector as well. As with most other types of funds,
tech funds can also be either domestic or global with regards to what securities are eligible for
purchase.
Although there are exceptions, most technology funds tend to seek companies that fall into one
of two categories. The first category is made up of larger, more established technology
companies that have strong cash flow and substantial market share. The second is companies
(usually smaller ones) that have developed new ideas or patents that analysts believe will provide
significant potential for growth. The volatility inherent in this sector often results in high
portfolio turnover, which is usually greater than that of funds in other sectors, such as energy or
consumer staples.

8. PRESENT SCENARIO OF TECH FUND IN INDIA:
Technology is likely to be a big theme for 2011. Funds focusing on the Information Technology
sector have topped the list for the equity segment in the month of December-2010. However,
none of the best performing technology funds were able to deliver better returns than BSE IT
Index or CNX IT Index in December. In april-2011, the BSE IT Index and CNX IT Index gave
8.93% and 10.22% respectively.
Despite US Congress signing a bill to tax outsourcing services which is expected to increase
expenses of Indian IT companies, the IT sector stocks have performed well as the market is
expecting good quarterly results.
The top performing tech fund in April-2011 is ICICI PRUDENTIAL TECHNOLOGY FUND
with a Month-to-Date (MTD) performance of 9.60% and a Year to Date (YTD) performance of
30.90%.
TOP FIVE TECH FUNDS IN INDIA:
Name NAV(Rs.) 1w % 3m % 6m % 1y % 3y %
ICICI Pru Technology Fund (G) 19.9 1.6 3.9 7.2 30.9 15.5
Franklin Infotech Fund - (G) 70.5 0.4 3.2 6.3 21.9 23.6
SBI Magnum SFU - Infotech Fund 24.6 0.5 2.6 3.2 19.8 10.2
Birla Sun Life New Millennium 20.9 0.5 [1.2] [3.9] 7.2 5.2
DSP BR Technology.com (G) 33.6 0.9 [1.1] [6.3] 2.1 8.9

9. 1. ICICI Pru Technology Fund (G):
Fund Name : ICICI Prudential Mutual Fund
ICICI Pru Technology Fund
Scheme Name :
(G)
ICICI Prudential Asset
AMC :
Management Co Ltd
Type : Open
Category : Equity - InfoTech
Launch Date : 07-Jan-00
Fund
: Mrinal Singh
Manager
Net Assets
: 117.08
(Rs. cr)
NAV Details
NAV Date : 13-Apr-11
NAV [Rs.] : 19.9
Buy/Resale Price [Rs.] : 19.69
Sell/Repurchase Price [Rs.] : 19.89
Entry Load % : Nil
Exit Load % : NIL

10. NAV CHART
PERFORMANCE(%)
* returns above 1 yr. are annualized
Since
1w 1m 3m 6m 1y 3y 5y
INC
Scheme Returns 1.6 9.6 3.9 7.2 30.9 15.5 12.6 6.4
Category Avg 0.8 8.3 1.5 1.3 16.4 12.7 10.7 11.8
Category Best 1.6 9.6 3.9 7.2 30.9 23.6 14.2 23.6
Category Worst 0.4 7.5 [1.2] [6.3] 2.1 5.2 7.1 6.4

11. LATEST PAYOUTS
Dividends Bonus
Ratio NA NA
Date NA NA
INVESTMENT DETAILS
Tax Benefits : 54EA
Min. Investment(Rs.) : 5,000.00
Increm.Investment(Rs.) : 500.00
IN & OUT
In
Name of the Company No of shares
Oracle Fin.Serv. 19,740
Out
Name of the Company No of shares
No investments sold out

12. FUND HOLDINGS
As on 28-Feb-2011
Asset Type Instrument Name Industry Net No of Mkt
Assets Shares Value
(%) (Cr.)
Equity & Equity related Investments
Equity infosys technologies ltd IT - Software 49.0 NA NA
Equity tata consultancy services ltd IT - Software 15.2 NA NA
Equity eclerx services ltd IT - Software 14.4 NA NA
Equity nucleus software exports ltd IT - Software 3.0 NA NA
Equity wipro ltd IT - Software 2.9 NA NA
Equity infinite computer solutions (India) ltd IT - Software 2.7 NA NA
Equity infotech enterprises ltd IT - Software 2.1 NA NA
Equity hcl infosystems ltd IT - 1.5 NA NA
Hardware
Equity quality assurance institute (i) ltd Unspecified 0.8 NA NA
Sector
Equity sip technologies and exports ltd IT - Software 0.0 NA NA
Derivative Investments
Derivatives - infosys technologies ltd - futures -/- 4.0 NA NA
Stock Future
Cash & Cash Equivalent
Net CA & short term debt and other current assets -/- 4.5 NA NA
Others

13. 2. FRANKLIN INFOTECH FUND - (G):
Franklin Templeton Mutual
Fund Name :
Fund
Scheme
: Franklin InfoTech Fund - (G)
Name
Franklin Templeton Asset
AMC :
Management (I) Pvt.Ltd.
Type : Open
Category : Equity - InfoTech
Launch Date : 10-Aug-98
Fund
: Anand Radhakrishnan
Manager
Net Assets
: 152.71
(Rs. cr)
NAV DETAILS
NAV Date : 13-Apr-11
NAV [Rs.] : 70.5
Buy/Resale Price [Rs.] : 69.78
Sell/Repurchase Price [Rs.] : 70.48
Entry Load % : NIL
1% if redeemed /
Exit Load % : switched within 3
years of allotment.

14. NAV CHART:
PERFORMANCE(%)
* returns above 1 yr. are annualized
Since
1w 1m 3m 6m 1y 3y 5y
INC
Scheme Returns 0.4 8.3 3.2 6.3 21.9 23.6 11.6 23.6
Category Avg 0.8 8.3 1.5 1.3 16.4 12.7 10.7 11.8
Category Best 1.6 9.6 3.9 7.2 30.9 23.6 14.2 23.6
Category Worst 0.4 7.5 [1.2] [6.3] 2.1 5.2 7.1 6.4
LATEST PAYOUTS
Dividends Bonus
Ratio NA 1:1
Date NA 11-Jan-00

15. INVESTMENT DETAILS
Tax Benefits : 54EA
Min. Investment(Rs.) : 5,000.00
Increm.Investment(Rs.) : 1,000.00
IN & OUT
In
Name of the Company No of shares
No fresh investments made in
Out
Name of the Company No of shares
No investments sold out

16. FUND HOLDINGS
As on 28-Feb-2011
Asset Type Instrument Name Industry Net No of Mkt
Assets Shares Value
(%) (Cr.)
Equity & Equity related Investments
Equity infosys IT - 50.1 240,000 72.1
Software
Equity tcs IT - 25.5 330,000 36.7
Software
Equity wipro IT - 9.6 316,666 13.9
Software
Equity oracle financial services software IT - 3.4 24,000 4.9
Software
Equity infotech enterprises IT - 2.2 200,000 3.2
Software
Equity eclerx services IT - 1.8 40,000 2.6
Software
Equity firstsource solutions IT - 0.5 400,000 0.6
Software
Equity mphasis IT - 0.3 10,000 0.4
Software
Equity mindtree IT - 0.3 10,000 0.4
Software
Equity mastek IT - 0.1 15,000 0.2
Software
Equity intrasoft technologies IT - 0.1 17,500 0.1
Software

17. Equity collabera solutions IT - 0.0 NA 0.0
Software
Cash & Cash Equivalent
Net CA & other current assets -/- 6.0 NA 8.7
Others

18. 3. SBI MAGNUM SFU - INFOTECH FUND:
Fund Name : SBI Mutual Fund
SBI Magnum SFU - Infotech
Scheme Name :
Fund
AMC : SBI Funds Management Ltd
Type : Open
Category : Equity - Infotech
Launch Date : 04-Jun-99
Fund Manager : Ms. Sohini Andani
Net Assets (Rs.
: 50.11
cr)
NAV DETAILS
NAV Date : 13-Apr-11
NAV [Rs.] : 24.6
Buy/Resale Price [Rs.] : 24.32
Sell/Repurchase Price [Rs.] : 24.57
Entry Load % : Nil
Exit Load % : NIL

19. NAV CHART
PERFORMANCE(%)
* returns above 1 yr. are annualized
Since
1w 1m 3m 6m 1y 3y 5y
INC
Scheme Returns 0.5 7.5 2.6 3.2 19.8 10.2 8.1 10.5
Category Avg 0.8 8.3 1.5 1.3 16.4 12.7 10.7 11.8
Category Best 1.6 9.6 3.9 7.2 30.9 23.6 14.2 23.6
Category Worst 0.4 7.5 [1.2] [6.3] 2.1 5.2 7.1 6.4

20. LATEST PAYOUTS
Dividends Bonus
Ratio 40 % NA
Date 29-Jun-07 NA
INVESTMENT DETAILS
Tax Benefits : 54EA
Min. Investment(Rs.) : 2,000.00
Increm.Investment(Rs.) : 500.00
IN & OUT
In
Name of the Company No of shares
Wipro 20,010
Out
Name of the Company No of shares
Polaris Soft. 112,035
Sasken Comm.Tec. 5,875

21. FUND HOLDINGS
As on 28-Feb-2011
Asset Type Instrument Name Industry Net No of Mkt
Assets Shares Value
(%) (Cr.)
Equity & Equity related Investments
Equity infosys technologies limited IT - 50.9 80,160 24.1
Software
Equity tata consultancy services ltd. IT - 17.5 74,391 8.3
Software
Equity infotech enterprises limited IT - 5.7 169,006 2.7
Software
Equity kpit cummins infosystems ltd. IT - 5.6 180,259 2.6
Software
Equity polaris software IT - 4.3 112,035 2.0
Software
Equity hcl technologies limited IT - 3.7 39,545 1.7
Software
Equity cmc ltd. IT - 3.4 8,080 1.6
Hardware
Equity niit limited Computer 2.4 231,248 1.1
Education
Equity oracle financial services software IT - 2.2 4,992 1.0
Software
Equity redington (india) ltd. IT - 2.1 130,099 1.0
Hardware
Equity persistent systems limited IT - 2.0 24,984 0.9
Software

22. Equity sasken communication technologies l IT - 0.2 5,875 0.1
Software
Cash & Cash Equivalent
Cash & Bank cash & current assets -/- 0.0 NA 0.0
Balance & Bank
Deposits

23. 4. BIRLA SUN LIFE NEW MILLENNIUM
Fund Name : Birla Sun Life Mutual Fund
Birla Sun Life New
Scheme Name :
Millennium Fund (G)
Birla Sunlife Asset
AMC :
Management Company Ltd
Type : Open
Category : Equity - Infotech
Launch Date : 15-Dec-99
Fund
: Atul Penkar
Manager
Net Assets
: 60.62
(Rs. cr)
NAV DETAILS
NAV Date : 13-Apr-11
NAV [Rs.] : 20.9
Buy/Resale Price [Rs.] : 20.73
Sell/Repurchase Price [Rs.] : 20.94
Entry Load % : NIL
For Purchase/switch in of units below Rs.
5 crore in value, an exit load of 1% is
payable if the units are
Exit Load % : Redeemed/switched out within 3 years
from the date of allotment. For Purchase /
Switch in of units, equal to or greater than
5 crores in value, no exit load is payable.

24. NAV CHART
PERFORMANCE(%)
* returns above 1 yr. are annualized
Since
1w 1m 3m 6m 1y 3y 5y
INC
Scheme Returns 0.5 8.3 [1.2] [3.9] 7.2 5.2 7.1 6.8
Category Avg 0.8 8.3 1.5 1.3 16.4 12.7 10.7 11.8
Category Best 1.6 9.6 3.9 7.2 30.9 23.6 14.2 23.6
Category Worst 0.4 7.5 [1.2] [6.3] 2.1 5.2 7.1 6.4

25. LATEST PAYOUTS
Dividends Bonus
Ratio NA NA
Date NA NA
INVESTMENT DETAILS
Tax Benefits : 54EA
Min. Investment(Rs.) : 5,000.00
Increm.Investment(Rs.)
1,000.00
:
IN & OUT
In
Name of the Company No of shares
No fresh investments made in
Out
Name of the Company No of shares
Infotech Enterp. 0
Persistent Sys 0

26. FUND HOLDINGS
As on 28-Feb-2011
Asset Instrument Name Industry Net No of Mkt
Type Assets Shares Value
(%) (Cr.)
Equity & Equity related Investments
Equity infosys technologies ltd. IT - Software 36.9 NA NA
Equity tata consultancy services ltd. IT - Software 12.6 NA NA
Equity wipro ltd. IT - Software 6.5 NA NA
Equity bharti airtel ltd. Telecomm-Service 6.0 NA NA
Equity hcl technologies ltd. IT - Software 5.7 NA NA
Equity polaris software lab ltd. IT - Software 4.2 NA NA
Equity oracle financial services software ltd. IT - Software 3.9 NA NA
Equity educomp solutions ltd. Computer Education 3.8 NA NA
Equity dq entertainment international ltd. Entertainment 2.8 NA NA
Equity d.b. corp ltd. Entertainment 2.7 NA NA
Equity hindustan media ventures ltd. Media - 2.1 NA NA
Print/Television/Radio
Equity subex ltd. IT - Software 2.1 NA NA
Equity infotech enterprises ltd. IT - Software 2.0 NA NA
Equity allied digital services ltd. IT - Software 2.0 NA NA
Equity megasoft ltd. IT - Software 1.1 NA NA
Equity persistent systems ltd IT - Software 0.1 NA NA

27. Equity magnasound india ltd. Media & 0.0 NA NA
Entertainment
Cash & Cash Equivalent
Cash & cash & cash equivalents -/- 5.6 NA NA
Cash
Equivalent
Net CA & net receivables / payables -/- [0.1] NA NA
Others

28. 5. DSP BR TECHNOLOGY.COM (G):
Fund Name : DSP BlackRock Mutual Fund
Scheme
: DSP BR Technology.com (G)
Name
DSP BlackRock Asset
AMC :
Management Company Ltd
Type : Open
Category : Equity - Infotech
Launch Date : 11-Mar-00
Fund
: Apoorva Shah
Manager
Net Assets
: 67.38
(Rs. cr)
NAV DETAILS
NAV Date : 13-Apr-11
NAV [Rs.] : 33.6
Buy/Resale Price [Rs.] : 33.22
Sell/Repurchase Price [Rs.] : 33.55
Entry Load % : NIL
1% of the
applicable NAV
Exit Load % :
if redeemed or
switched out.

29. NAV CHART
PERFORMANCE(%)
* returns above 1 yr. are annualized
Since
1w 1m 3m 6m 1y 3y 5y
INC
Scheme Returns 0.9 7.9 [1.1] [6.3] 2.1 8.9 14.2 11.7
Category Avg 0.8 8.3 1.5 1.3 16.4 12.7 10.7 11.8
Category Best 1.6 9.6 3.9 7.2 30.9 23.6 14.2 23.6
Category Worst 0.4 7.5 [1.2] [6.3] 2.1 5.2 7.1 6.4

30. LATEST PAYOUTS
Dividends Bonus
Ratio NA NA
Date NA NA
INVESTMENT DETAILS
Tax Benefits : 54EA
Min. Investment(Rs.) : 5,000.00
Increm.Investment(Rs.) : 1,000.00
IN & OUT
In
Name of the Company No of shares
No fresh investments made in
Out
Name of the Company No of shares
Nucleus Soft. 47,343

31. FUND HOLDINGS
As on 28-Feb-2011
Asset Instrument Name Industry Net No of Mkt
Type Assets Shares Value
(%) (Cr.)
Equity & Equity related Investments
Equity infosys technologies IT - Software 25.8 56,030 16.8
Equity tata consultancy services IT - Software 13.4 78,352 8.7
Equity hcl technologies IT - Software 7.5 110,727 4.9
Equity wipro IT - Software 5.7 84,130 3.7
Equity oracle financial services software IT - Software 5.3 16,938 3.5
Equity take solutions IT - Software 4.6 949,903 3.0
Equity cmc IT - Hardware 4.4 14,401 2.9
Equity niit technologies IT - Software 4.3 141,280 2.8
Equity allied digital services IT - Software 3.7 266,368 2.4
Equity entertainment network (india) Entertainment 2.6 80,672 1.7
Equity hindustan media ventures Media - 2.4 104,080 1.5
Print/Television/Radio
Equity ht media Media - 2.3 110,923 1.5
Print/Television/Radio
Equity zee entertainment enterprises Entertainment 2.2 120,722 1.4
Equity bharti airtel Telecomm-Service 2.1 41,751 1.4
Equity tulip telecom Telecomm-Service 1.8 80,138 1.2

32. Equity kpit cummins infosystems IT - Software 1.7 74,397 1.1
Equity hathway cable & datacom Entertainment 1.0 52,342 0.6
Equity idea cellular Telecomm-Service 0.7 80,069 0.5
Equity nucleus software exports IT - Software 0.6 47,343 0.4
Equity info edge (india) Miscellaneous 0.5 5,792 0.3
Equity niit Computer Education 0.5 59,736 0.3
Equity eclerx services IT - Software 0.3 3,013 0.2
Equity hinduja global solutions IT - Software 0.1 2,204 0.1
Equity city online services Miscellaneous 0.0 NA NA
Cash & Cash Equivalent
Net CA net receivable/payable -/- 5.1 NA 3.3
&
Others
CBLO cblo / reverse repo investments UR / N.A. 1.5 NA 1.

33. COMAPRISON OF RETURN IN ONE YEAR:
RETURN IN 1 YEAR
RETURN IN 1 YEAR
DSP BR 2.1
BIRLA SUNLIFE 7.2
SBI MAGNUM 19.8
FRANKLIN INFOTECH 21.9
ICICI PRU 30.9
COMPARISON OF NET ASSET VALUE:
NET ASSET VALUE
NET ASSET VALUE
DSP BR 33.6
BIRLA SUNLIFE 20.9
SBI MAGNUM 24.6
FRANKLIN INFOTECH 70.5
ICICI PRU 19.9
COMPARISON OF NET ASSET:
NET ASSET IN CR.
NET ASSET IN CR.
DSP BR 67.38
BIRLA SUNLIFE 60.62
SBI MAGNUM 50.11
FRANKLIN INFOTECH 152.71
ICICI PRU 117.08

34. COMPARISON IN MARKET CAPITALISATION:
ICICI PRUDENTIAL TECHNOLOGY FUND
Giant- 72.29%
Large- 3.81%
Medium 0.0%
Small 16.28%
Micro -7.62%
FRANKLIN INFOTECH FUND
Giant -91.49%
Large- 3.3%
Medium- 0.29%
Small- 4.29%
Micro- 0.63%
SBI MAGNUM INFOTECH
Giant- 76.49%
Large- 6.16%
Medium- 4.88%
Small -12.46%
Micro- 0.0%
BIRLA SUN LIFE NEW MILLENNIUM FUND
Giant- 70.56%
Large- 9.75%
Medium- 6.18%
Small -6.09 %
Micro -7.43%
DSP BLACKROCK TECHNOLOGY.COM
Giant- 54.14%
Large- 11.39%
Medium- 10.19%
Small -15.78%
Micro -8.5%

35. CONCLUSION
Return of InfoTech funds in April-2010 is 3.64%. It was just behind of banking funds with return
of 6.26%. And in YTD return this sector was in second position with return of 98.31%. It was
just behind of pharma funds [112.67%].
Large IT companies have seen a robust revival in volumes and reasonable price stability this
year, as client IT spends have revived and key pressure points witnessed some easing.
These helped companies such as Infosys, TCS, and HCL Tech deliver returns in the 23-56 per
cent range; Wipro has been somewhat sedate, returning just 12 per cent. It was substantial
exposure to these stocks that helped ICICI Technology and Franklin InfoTech outperform.
The top performing tech fund in April-2011 is ICICI PRUDENTIAL TECHNOLOGY FUND
with a Month-to-Date (MTD) performance of 9.60% and a Year to Date (YTD) performance of
30.90%.They are 10% ahead of second ranker FRANKLIN INFOTECH with a YTD
performance of 21.9.
Net Asset Value[NAV] of FRANKLIN INFOTECH [70.5] is highest among all the tech funds.
But they are not getting desire result. If we see the NAV chart of FRAKLIN INFOTECH of last
3 years, it is showing a rapid growth in NAV in comparison with others.
One thing we have noticed that all the tech funds have invested in INFOSYS,TCS and WIPRO
and HCL TECH because of their growth in IT sector. Recently HCL Tech and Infosys have gone
up 2% in BSE IT INDEX.
There is a tremendous possibility of growth in technology sector in 2011. Information
Technology (IT) industry has played a major role in the Indian economy during the last few
years. A number of large, profitable Indian companies today belong to the IT sector and a great
deal of investment interest is now focused on the IT sector.
The total traded value for the last six months of CNX IT Index stocks is approximately 59.93%
of the traded value of the IT sector. CNX IT Index stocks represent about 75.15 % of the free
float market capitalization of the IT sector as on March 31, 2011.
The total traded value for the last six months of all CNX IT Index constituents is approximately
5.88% of the traded value of all stocks on the NSE. CNX IT Index constituents represent about
10.22% of the free float market capitalization as on March 31, 2011.
InfoTech Funds category gained 1.60% over one week period ended 4 March 2011. SBI
Magnum SFU – InfoTech Fund was the top gainer with a return of 1.95%.
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