Hi,
I'm new to investing field. I prefer to start with mutual funds.
Most of the top performers in the last one year are technology funds. With CRR hike, there are some news indicating good future for IT companies. Please advise me if it is a good idea.
SBI Magnum IT - 68% ( 1 Year returns as of Feb 17,2007)
DSP Technology - 64.5%
UTI Software - 63%
Birla New Millenium -59%
Franklin infotech - 54%
Prudential ICICI - 54%
Kotak Tech - 47%
I'm confused whether go select simply based on year returns. I couldn't find any ratings for these funds anywhere. I would appreciate if seniors of this group could guide me to select a best technology fund.
I'm new to investing field. I prefer to start with mutual funds.
Most of the top performers in the last one year are technology funds. With CRR hike, there are some news indicating good future for IT companies. Please advise me if it is a good idea.
SBI Magnum IT - 68% ( 1 Year returns as of Feb 17,2007)
DSP Technology - 64.5%
UTI Software - 63%
Birla New Millenium -59%
Franklin infotech - 54%
Prudential ICICI - 54%
Kotak Tech - 47%
I'm confused whether go select simply based on year returns. I couldn't find any ratings for these funds anywhere. I would appreciate if seniors of this group could guide me to select a best technology fund.
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