Market closed in red on weekly basis for the first time since January 22 this year. SBI IT fund (G) –Direct Plan
was amongst the best performing funds for the week.
SBI IT fund invests in IT stocks, primarily. Infosys, Tech Mahindra , TCS, Persistence Systems, Oracle Financial Services Systems Ltd, HCL technologies Ltd, Cyient Ltd and Geometric Ltd are the top holdings for the fund.
Over one week the fund has returned almost 1.9% whereas as over one month the fund has delivered 6.3% returns.
For a period of one year the fund has underperfomed the broader market and has managed to generate returns of almost 2.5%.