Should I Buy Technology Funds?

[surfingminds]

Dear member
When I see the performance of Technology sector MF they have lost value in and continue to loose during this year. One of the reasons our technology majority in sofware is based on Export and dollar is going down day by day.

Looking At it i have decided to take this opportunity to buy some of top Technology based MF as i believe it will pay out more in long run.


I am looking for investing 1 lakh in below funds
1. Icici pru technology
2. Magnum IT.

if there more reputed Technology scheme plz share with me and Advice with your point of view in my thinking.
Also let me know if the down trend continue more and should wait to get the bottom or this is good entry point.

Regards.
Sameer Inamdar

[surfingminds]

Any Experti Advice on Technology funds. I am trying to find entry point or may be i missed cuz those funds already started moving up.

[chintan786]

Hi surfingminds, I don't know how much comfortable u are with stock market. But right now I suggest u tht, Forget abt abv schemes mentioned by u, Don't go for any scheme. Instead of tht just apply for IPOs only.. and tht also few which are abt to come.. like

1)Oil India

2)NHPC

3)UTI MF

4)COAL INDIA

5) Possibly Bombay stock exchange also

6) and just for listing GAIN and if cme then Relaince Power.

In worst case scenerio ... Suppose u apply for Ist one and alloted with few stocks and after tht u don't have funds for complete Rs100,000 Application still.. and just get one
( frm the abv companies from Primery market).. I suggest u tht buy the abv comoanies from Secondary market.

I'm sure u can beat any MF scheme for given period of time.

chintan

[VenkatKMK]

Getting the allottment in IPOs is tough under present market conditions....
Among the sector-based funds, at present only Infra & Banking funds seem to be doing well. Going for these might be a better option.

[dbfs]

no, not at all. first you clear you thoughts. sectoral funds are ment for those who can understand intricacies of sectors.if you are lay man go for diversified funds and in long run you can never beat fund because they are professionly managed in IPO you you can make money in short term but not in long term.

[Vicky78]

DSP ML Technology.com fund is best in the tech sector

[surfingminds]

Thanks guys. I have more than year experience in this market now and its time for me to reevaluatte my portfolio and develope a solid strategy to manage my investments. I spend some time to experience as a trader but now i want to be more of investor and do weekly trading i.e. parttime trader
I have mutual funds and equity both.I am holding infra funds and some other sectors and looking for opportunities in out of flavour sectors and thought technology as its moving down is it good to buy them???

Its already moved up in fact 10 percent in last few weeks so i may not pick the bottom but still i need to expossure to some good technology funds or equity.
Special thanks to chintan. I will do a research on the picks you provided and definately I keep on applying for selective IPOs and made some money out of them.

This week i am buying
MF:
DSP technology (20 000)
Equity:
RPL (20 000)
Deccan Gold (10 000)

Any advice welcome plz.