The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies in the Information Technology (IT) sector in India viz:

• Software
• ITeS
• Hardware
• Telecom Companies

i. The Indian IT Industry is expected to have crossed a Revenue Benchmark of $ 200 Billion and has ended the year with a Revenue of $ 227 Billion. It is expected to grow at a CAGR of around 8% between 2023 and 2027, driven by increasing demand for digital services and the country's large pool of skilled workers.

ii. Cost competitiveness: Indian IT companies are known for their cost competitiveness, which has allowed them to win business from clients around the world. This advantage is likely to continue as wages in India remain lower than in many other countries. India is emerging as the hub for digital skills. The IT industry in India is the largest employer within the private sector. The performance of the IT sector was boosted in FY22 by the rapid pace of digitalization and higher discretionary expenditure by enterprises.

iii. Diverse customer base: Indian IT companies serve a diverse range of customers, including large multinational corporations, small and medium-sized enterprises, and the public sector. This diversity helps to reduce the impact of any downturn in any one particular industry or region.