Market scorecard: Technology funds top return charts, assets hit a new high

Investors in technology funds earned the highest returns in a year of new highs for both mutual fund assets and stock market indices.
 
A mix of mean reversion and the defensive nature of the sector helped the category average returns to rise to 26.48 per cent.
 
Vidya Bala, head-mutual fund research, FundsIndia said that the sector tends to do well during periods of market turbulence. After rising 23 per cent since the start of the fiscal to its all-time high of 36,444 in January 2018, the S&P BSE Sensex has dropped to 32,969 now.
 
“The returns also