Technology funds have been offering negative returns for a while. The current noise surrounding the sector is adding to the nervousness of investors. IT funds have given -4.95 per cent over a month and -10.64 per cent in a year. Why are these funds doing badly?
"The technology sector is going through a challenging phase precisely due to the slowdown in the earnings growth rate of the companies and the Trump noise," says Sonam Udasi, Fund Manager, Tata Asset Management.
