Best Technology Fund

#1
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.
 
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#2
I purschased Icici Technology fund...Its giving me good result...After so many crashes also they are managing to keep it in plus..I cant say much about short term but for log term its profitable..
 
#4
Hi Niranjan 190!
DNA Money dt March 12th 2007 ,gives the portfolio holdings of Top 5 Equity Schemes .Amongst the top 5 are listed DSPML Tecch.com G,SBIMagnum Sector Umbrella-Infotech,Pru ICICI Tech Fund G,UTI Growth Sector Fundd -Software -G and Birla SunLife Millenium Fund-G....
Viz DSPL ML Tech.com Holdings are:
Infosys Tech : Market Value 8.96 % Net ASSEST 16.48 CR
NIIT : 5.01 % 9.21 CR
Tata Consultany 4.83 % 8.87 CR
Bharti Airtel 4.35 % 8.0 CR
NDTV 1.91 % 3.51CR
No wonder DSP ML has given the highes returns of 49.43 in one yr
Based on the holdings perhaps you can decide which fund to go for.....
Even I am awaiting a reply from the experts
 

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