Tech-focused mutual funds outperform its competitors

Recently released data shows that mutual funds focused primarily on technology have posted incredible results compared to their other counterparts. These mutual funds have rewarded their investors with phenomenal results and created enormous wealth. This result came after a deep analysis of 5 years of data. The report indicates that Systematic Investment Plans popularly known as SIP in technology-oriented mutual funds have emerged as one of the best modes to get huge returns on their investment in the past five years. Reports say that investment in a technology-focused mutual fund gave a return of 28.75% in a month on an average compared to a mere 14.16% return by their competitors in the same time period.