One year performance of BSE Information Technology and IT Funds

S&P BSE Information Technology index gave negative return of 0.06 % in in past one year, by shedding 71 points (from 10449 points on February 26, 2016 to 10378 points on February 23, 2017), while the BSE benchmark index-Sensex gave approximate return of 25% in the same period.

Feb 26, 2017 03:02 IST India Infoline News Service

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S&P BSE Information Technology index gave negative return of 0.06 % in in past one year, by shedding 71 points (from 10449 points on February 26, 2016 to 10378 points on February 23, 2017), while the BSE benchmark index-Sensex gave approximate return of 25% in the same period.
 
S&P BSE Information Technology Index includes 15 IT companies, namely, Aptech, Datamatics, Eclerx Services, First Source Solutions, HCL Infosystems, HCL Technologies, Hexaware, Infosys, Intellect Design Arena, Mindtree, Ramco Systems, Tata Elxsi, Tata Consultancy Services, Tech Mahindra and Wipro.
 
Some popular Information Technology Funds' returns ranged from a sweeping 9.7% returns to a negative return of 4.89% in the past one year.
 

Fund name 1 year return (%) Net Assets (cr)
Birla Sun Life New Millennium Fund 9.71 62
Franklin Infotech Ltd. 7.26 141
SBI IT Fund 5.13 59
ICICI Prudential Technology Fund 3.23 275
Tata Digital India Fund (3.64) 40
 
Birla Sun Life New Millennium Fund proved to be a leader with positive return of 9.71%, followed by Franklin Infotech Ltd., with a return rate of 7.26%.
 
Tata Digital India Fund and DSP BlackRock Technology.com Fund – Regular Plan, disappointed their investors by giving negative returns of 3.64% and 4.89% respectively.

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