“A private hotel in Japan employs more than 100 robots as its serving staff; the hotel is bombed with customers after this news broke out in the market”.
“Automatic water taps and light switches have set in a new trend in UAE. Reports say that this technology will save up to 55% water consumption.”
“India to claim the title of world’s IT hub by 2025.”
Newspapers these days start with such headlines, stating that technology is at an all-time boom. It’s an indication that now is the best time to leverage on technological expansion through TATA Digital India Fund. This fund is the direct medium to become a stakeholder in the high performing IT companies.
Status of the IT Sector in India
The Information and Technology sector is broadly divided into two components – IT Services and BPO (Business Process Outsourcing) services. The IT sector has shown phenomenal expansion over the last twenty years, growing its stake in GDP from 1.2% in 1998 to 7.7% in 2017. In a report published by NASSCOM, it was stated that India has a technology market worth $160 billion, where the export revenues contribute to the tune of $99 billion and domestic revenue up to $48 billion. The United States alone consumes about 3/4th of India’s export of IT services.
“Automatic water taps and light switches have set in a new trend in UAE. Reports say that this technology will save up to 55% water consumption.”
“India to claim the title of world’s IT hub by 2025.”
Newspapers these days start with such headlines, stating that technology is at an all-time boom. It’s an indication that now is the best time to leverage on technological expansion through TATA Digital India Fund. This fund is the direct medium to become a stakeholder in the high performing IT companies.
Status of the IT Sector in India
The Information and Technology sector is broadly divided into two components – IT Services and BPO (Business Process Outsourcing) services. The IT sector has shown phenomenal expansion over the last twenty years, growing its stake in GDP from 1.2% in 1998 to 7.7% in 2017. In a report published by NASSCOM, it was stated that India has a technology market worth $160 billion, where the export revenues contribute to the tune of $99 billion and domestic revenue up to $48 billion. The United States alone consumes about 3/4th of India’s export of IT services.
How TATA Digital India Fund is connected with the IT Sector?
Mutual funds work on the principal of buying and selling stocks in different sectors. The quantum of the stake depends upon the prosperity of a particular sector and also on the conviction of the fund managers.
TATA Digital India Fund Growth invests a major chunk (91.09%) of its corpus in the technology sector, with some remnants being reserved for engineering sector. The portfolio of the fund comprises of stocks of advanced IT companies. The table below depicts the ratio of different IT companies in the portfolio: -
What the Fund has Achieved Till Date?
TATA Digital India Fund – Regular Plan (G) has been an excellent performer in the Sectoral-Technology category. The fund has yielded handsome returns in the last three years since its beginning in 2015. A detailed chart can be viewed below to understand the figures achieved by the fund: -
TATA Digital India Fund – Regular Plan (G) has been an excellent performer in the Sectoral-Technology category. The fund has yielded handsome returns in the last three years since its beginning in 2015. A detailed chart can be viewed below to understand the figures achieved by the fund: -
As evident from the table above, TATA Digital India Fund has been a good performer in the segment of technology oriented mutual funds. It has outperformed the benchmark by a good margin, and has also overtaken the peers. Due to its phenomenal performance in the past, the fund stands tall with the best thematic IT funds in India.
How to Proceed with an Investment in TATA Digital India Fund (Growth)?
In order to tap the highest potential in technology sector, it is recommended that you make an SIP Plan in TATA Digital India Fund (G). The fund has set the minimum amount of SIP at just Rs. 150, so even if you are a college student the monthly expenditure should not bother you.
The current NAV of TATA Digital India Fund is running at Rs. 14.42 per unit, as per the data released on January 16, 2019. The fund experienced an upgrade in its value to the tune of 0.78%. Still, the price per unit seems to be pretty reasonable and affordable. Hence, even at a low initial budget you can acquire a lot of units in the fund. If you take SIP Investments, your overall cost of investment will average out in case the price attains height in the future.
How to Proceed with an Investment in TATA Digital India Fund (Growth)?
In order to tap the highest potential in technology sector, it is recommended that you make an SIP Plan in TATA Digital India Fund (G). The fund has set the minimum amount of SIP at just Rs. 150, so even if you are a college student the monthly expenditure should not bother you.
The current NAV of TATA Digital India Fund is running at Rs. 14.42 per unit, as per the data released on January 16, 2019. The fund experienced an upgrade in its value to the tune of 0.78%. Still, the price per unit seems to be pretty reasonable and affordable. Hence, even at a low initial budget you can acquire a lot of units in the fund. If you take SIP Investments, your overall cost of investment will average out in case the price attains height in the future.
Summing Up
India is experiencing a boom in its economy, where IT sector is contributing largely. Hence, it’s a great time to acquire a slice of this development by investing in TATA Digital India Fund (G). So, don’t waste your time expecting any surprises. Fix a meeting with your financial advisor today, and make a fruitful plan for yourself.
India is experiencing a boom in its economy, where IT sector is contributing largely. Hence, it’s a great time to acquire a slice of this development by investing in TATA Digital India Fund (G). So, don’t waste your time expecting any surprises. Fix a meeting with your financial advisor today, and make a fruitful plan for yourself.
