Technology is a wonderful long-term story, but it's certainly not a new one. Many mutual-fund managers currently indulge in tech stocks. You may already have plenty of exposure to technology without even knowing it. So if you own growth funds, chances are you own lots of technology stocks. Because technology heroes and zeroes trade places very quickly, their stock prices are volatile.
Infotech stocks hitting circuit breakers everyday is a matter of routine now.
Consider Kothari Pioneer Infotech Fund, which in its dealing history of 318 days has gained by more than 2 per cent on 75 occasions in a day than its previous days NAV and lost more than 2 per cent on 35 days. Tech investing isn't for you if you can't stand it, when your fund or stock's price slides by a percentage point in a single day. Maybe individual infotech stock is not your thing. You would rather pay a professional money manager to keep abreast of trends in the industry for you. An infotech fund may be the right entry ticket.