- The Nifty IT has jumped nearly 21% in July 2026, rising from 25,769.8 on July 1 to 31,168.15 at the time of writing on July 30.
- There are at least seven technology-themed funds that had over 50% allocation towards IT stocks in their last month's portfolio.
- The following funds have significant IT allocations: Motilal Oswal Digital India Fund (76.45%), HDFC Technology Fund (69.63%), Tata Digital India Fund (66.45%), Aditya Birla SL Digital India Fund (62.73%), ICICI Pru Technology Fund (57.79%), SBI Technology Opportunity Fund (51.10%), and Invesco India Technology Fund (50.78%).
- The direct plan of Motilal Oswal Digital India Fund has delivered returns of 17.71% and 3.53% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of HDFC Technology Fund has delivered returns of 11.57% and -9.62% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of Tata Digital India Fund has delivered returns of 8.89% and -10.97% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of Aditya Birla SL Digital India Fund has delivered returns of 10.76% and -8.49% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of ICICI Pru Technology Fund has delivered returns of 8.36% and -10.17% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of SBI Technology Opportunity Fund has delivered returns of 8.84% and -8.2% over the three-month and six-month periods, respectively, ending July 29, 2026.
- The direct plan of Invesco India Technology Fund has delivered returns of 11.64% and 2.66% over the three-month and six-month periods, respectively, ending July 29, 2026.
The Nifty IT index experienced a remarkable rally of 21% in July 2026, climbing from 25,769.8 to 31,168.15. This surge reflects a strong performance in the technology sector, with seven funds reporting over 50% allocation towards IT stocks.12
Among these, the Motilal Oswal Digital India Fund leads with a 76.45% allocation, followed by the HDFC Technology Fund at 69.63%. Other notable funds include the Tata Digital India Fund at 66.45%, Aditya Birla SL Digital India Fund at 62.73%, and ICICI Pru Technology Fund at 57.79%.34567891011121314
The SBI Technology Opportunity Fund and Invesco India Technology Fund also reported allocations of 51.10% and 50.78%, respectively. The performance of these funds varied, with the Motilal Oswal Digital India Fund delivering returns of 17.71% over three months, while the HDFC Technology Fund reported a decline of -9.62% over six months.1516
Overall, the strong performance of the Nifty IT index and the significant allocations towards IT stocks by these funds indicate a bullish sentiment in the technology sector, reflecting investor confidence in future growth prospects.
“The Nifty IT index has jumped nearly 21% in July 2026, rising from 25,769.8 on July 1 to 31,168.15 by July 30. Notably, funds like Motilal Oswal Digital India Fund and HDFC Technology Fund have significant IT allocations, with returns of 17.71% and 11.57% over the last three months, respectively.”
