In June, the mutual fund house increased its investment in four shares of the IT sector, including Oracle Financial Services Software, Tech Mahindra, LTI Mindtree, and Mphasis.
New Delhi: For June 2024, mutual funds have appeared optimistic about the IT sector. According to ACE Mutual Fund, more than 100 mutual fund schemes include four IT stocks.
Oracle Financial Services Software Share
The first share is Oracle Financial Services Software Share. The stock is part of 119 mutual fund schemes in the market. Whose total market value until June 2024 is Rs 6119 crore. Oracle has given a return of 21% in the financial year 2025.
Shares of Tech Mahindra Ltd.
Mutual fund companies are showing great interest in IT stock Tech Mahindra Limited. According to data as of June 2024, this stock was part of 335 mutual fund schemes, with a combined market value of about Rs 321 crore. Tech Mahindra has given a 20 percent return in the current financial year.
LTI Mindtree Share
LTI Mindtree Shares have been included in around 192 mutual fund schemes during June, with the total market value up to June 2024 being Rs 8528 crore. The stock has given a return of 13 percent in the financial year 2025.
Mphasis Share
In June, Mphasis, another IT sector giant, garnered favor from mutual fund houses. Data indicates that Mphasis shares are part of 182 mutual fund schemes, with a total value of approximately Rs 10539 crore. The stock has yielded a return of 13 percent in the fiscal year 2025.