Before getting this discussion started, one major thing to clear is, if you have invested your sums in the technology funds and thinking of receiving your returns after a year, then you must plan your way out of this fund.
This scheme is basically for people who are in no hurry to receive their invested sums with the returns. In the previous years, investing in the technology funds or the digital funds appeared to be a failed idea and the reason was the technical backwardness. But this is the time where awareness is heart-felt by the nation-runners and the technological prospects of India are under development. The performance of the technology sectors has been something to look forward to and be positive about.
The problem lies in the fact that the investor's several yack idea of the world where they are putting their money in. Thus, you need to put in some efforts, make a research about the current market status of the technology sector and then decide to invest your hard-earned sums over there.
To reiterate the whole matter- your decision of the investing in the technology fund complete depends on the tenure you expect to put your money for.
The popularity and suitability of the technology funds:
It has been quite a time since these funds have taken a higher place in the market. The increasing IT exports have been evident in the fact that investment in the technology fund is wise. This will never let you be down for sure. A return of 14 to 19% can be expected from the technology funds. The prominence evidence of the overgrowing sector is a trust-gaining affair for all those who have already run out of clue about the technology funds.
Taking a dig at the technology funds
Technology has a long way to go now. The trends of the technology are promising. The growth of the PC and smartphone varieties in the market. As every investor has the idea of how disruption gives birth to a new boost in the market, the technology sector also had its part of disruptions and as of now, it is on-demand. They are even having the potential to outperform the global funs of equity. As a good investor, you must look forward to a long-term tenure so that the returns can appear substantial and beneficial enough. Thus, plan your investment wisely and head on your way of getting richer.