Mutual Funds That Benefited From The Information Technology Rally
Tata Consultancy Services Ltd.’s latest surge that took it past the $100-billion market valuation hasn’t come in isolation. All or most of its peers have rallied since June, when mutual funds started adding shares of software services providers anticipating a rebound.
The Nifty IT Index gained more than 36-percent during the period largely due to expectation of an improvement in the Banking, Financial Services and Insurance segment.
Here’s the list of mutual funds that added IT shares to their portfolio since June last year: