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Nifty IT hits record high: Here are the top smallcap stocks tech mutual funds are holding

While near-term pressures such as wage hikes and geopolitical risks may impact margins, the sector's long-term prospects remain strong due to rising global IT spends.
Despite correction, these mid- & small-cap technology stocks got picked by mutual funds

The past year has not been good for the Information Technology (IT) sector due to the fall in the US technology sector. But many mid-cap and small-cap IT stocks are now available at reasonable valuations after corrections. That has given an opportunity to fund managers to buy some of these stocks on the cheap.

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