After a long rough patch of three years, the technology sector funds seem to be back to track. The technology sector funds returned a whopping 18.46 per cent in the last three months and 28.99 per cent in the last one year. Is the bad phase of the technology sector funds finally over?
"The recent uptick in the performance of technology sector funds is primarily because of the sliding rupee. The oil prices are going up. While the entire pack of market caps was down due to these factors, IT was a clear beneficiary," says Jinesh Gopani, Head-Equities, Axis Mutual Fund.