Is it a good time to invest in tech funds?

The last 12 months have been miserable for mutual funds investing in India's tech stocks. Blame it on the entire tech sector losing almost a quarter pound of its flesh, falling 23.04 per cent, to be precise. Even the big guns - TCS (Tata Consultancy Services), Infosys, Wipro - fired blanks. Rising interest rates, geopolitical tensions, frothy valuations, were but some of the reasons why the technology sector fell in a heap. Naturally, mutual funds that invest in technology stocks - known as tech funds - also had an annus horribilis, a year to forget. However, the technology sector's misfortune is a fund house's opportunity. The tech hammering allowed fund houses to scoop up fundamentally strong and cash-rich IT companies at a discounted price. But does that mean you, as an investor, should plunge into these tech funds right now, given they are at a low point? Which way is the tech wind blowing? Into the unknown. While the current scenario offers attractive entry points, it is essential to recog