If I am in the HNI category, normally there is a chance that i have exhausted my 'primary diversification' requirement and comfortable to look at 'completeness' of the diversification itself.
Technology Sector Funds is just one of the Several class of Sectoral funds available today in India. as they are normally high risk, asset allocation of more than 20-30% of your equity portfolio is not advisable.Theoretically, if you posses all the sectors in the economy in your portfolio of Funds, then you reach the completeness level of diversification. You get benefits from the sector that is having market today. All seasons bring you benefits one by one. But you should have deep pockets to make that kind of allocation to reap reasonable levels of revenue and or capital appreciation.
Sectoral Funds by their objective, are permitted to have skewed portfolios favoring companies in that segment. The Major Technology Sector Funds are:
DSP-BR Technology.com Fund
ICICI Pru Technology Fund
SBI Magnum IT Fund
Franklin Infotech Fund
Birla S L New Millenium Fund
Prospects for the Technology sector:
The firms hardly come out of the USA's subprime crisis, Europe has taken its steam the industry with hardening Re once again. However it is understood that firms are re-working costs, exploring SME world domestically and May 2010 hear about recruitments picking up and companies looking forward to a better tomorrow.
You buy a shirt, when you really like it or when you really need it. With investments, you have to look the way you look at the purchase of your first house itself every time. Not like a consumer product.
Start Early, Proceed Systematically, Look Long Term
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