Technology funds high on rupee slide, global IT services growth

Technology funds have made a comeback in the past year, emerging as the top category performer among equity schemes.
 
For a one-year period, these funds have returned 16.8 per cent, beating other sectoral funds comfortably.
 
Banking, pharma, and infrastructure funds have performed abysmally, returning -4.7 per cent, -2.5 per cent and -22 per cent, respectively.
 
Technology funds have also beaten large, multi, mid- and small-cap categories, which have all given negative returns in the past year. Tata Digital India Fund, for instance, has been the top performer with one-year returns of 24 per cent.
 
“We expect