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Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers’ radar after a hiatus.
Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued.
Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
Two other fund houses — Mirae Asset and UTI — have filed papers with the regulator for National Stock Exchange Nifty IT exchange-traded funds.
In the past three months, the Nifty IT Index has risen by 13.4
