India''s Largest Tech Fund Beats IT Sector Blues

A stronger rupee against the dollar and fears of a slowdown in the U.S. are battering India''s software sector but the country''s largest technology fund has already exceeded returns it posted in tech-stock friendly 2006. While the BSE IT index is down 19 percent this year, DSP ML Technology.com Fund is up 49 percent as on Dec. 12, as against the 5 percent average return of a tech fund and better than its 47 percent gain in 2006, data from fund tracker ICRA showed.