Infosys share sell-off weighs on all 5 IT funds, ICICI Pru Tech worst hit

The Infosys stock is widely held by mutual funds, with more than 400 actively- and passively-managed schemes exposed to the company

The sell-off of Infosys shares on Tuesday took a heavy toll on all five technology sector funds, which had large exposures to the Bengaluru-based company. Among the funds, the net asset value (NAV) of Tata Digital India Fund, which had 33 per cent of its assets exposed to Infosys, saw its NAV dip 6.16 per cent on Tuesday.

ICICI Prudential Technology, which had 44 per cent exposure to Infosys, saw its NAV slip 7.28 per cent. For Birla Sun Life Digital Fund, the impact was 5.16 per cent (27 per cent exposure to Infosys), while for SBI Technology Opportunities Fund, the