10 mutual funds that have high exposure to artificial intelligence and related technologies
Artificial intelligence (AI) is one of the most exciting and innovative fields of technology, and many mutual funds are investing in companies that are developing and applying AI solutions.
1. Global X Robotics and Artificial Intelligence ETF (BOTZ): This fund invests in companies that are involved in the production or use of robotics and artificial intelligence, such as industrial robots, autonomous vehicles, cloud computing, machine learning, and natural language processing. The fund has a total net asset value of $3.2 billion and an expense ratio of 0.68%.
2. Global X Artificial Intelligence and Technology ETF (AIQ): This fund invests in companies that are developing or using artificial intelligence and related technologies, such as big data, cloud computing, cybersecurity, e-commerce, and social media. The fund has a total net asset value of $1.1 billion and an expense ratio of 0.68%.
3. Robo Global Artificial Intelligence ETF (THNQ): This fund invests in companies that are focused on artificial intelligence and related technologies, such as machine learning, natural language processing, computer vision, and data analytics. The fund has a total net asset value of $1 billion and an expense ratio of 0.68%.
4. Robo Global Robotics and Automation Index ETF (ROBO): This fund invests in companies that are involved in the design, manufacture, or use of robotics and automation, such as industrial robots, medical robots, drones, sensors, and software. The fund has a total net asset value of $2.6 billion and an expense ratio of 0.95%.
5. ICICI Prudential Technology Fund: This fund is a diversified equity fund that aims to generate long-term income and capital appreciation by investing in stocks of globally established technology companies. The fund has a total net asset value of $10.9 billion and an expense ratio of 2.52%. The fund invests in various technology sectors, including artificial intelligence, cloud computing, internet, and software.
6. SBI Technology Opportunities Fund: This fund is a diversified equity fund that invests in companies that are developing or using high-impact technologies, such as artificial intelligence, robotics, data science, and blockchain. The fund has a total net asset value of $3.2 billion and an expense ratio of 2.65%.
7. Tata Digital India Fund: This fund is a diversified equity fund that invests in companies that are engaged in the digital economy, such as information technology, internet, e-commerce, and digital media. The fund has a total net asset value of $7.9 billion and an expense ratio of 2.08%. The fund invests in various technology sectors, including artificial intelligence, cloud computing, cybersecurity, and software.
8. Franklin India Technology Fund: This fund is a diversified equity fund that invests in companies that are involved in the technology sector, such as software, hardware, internet, telecom, and biotechnology. The fund has a total net asset value of $964 million and an expense ratio of 2.42%. The fund invests in various technology sectors, including artificial intelligence, cloud computing, data analytics, and e-commerce.
9. HDFC Technology Fund: This fund is a diversified equity fund that invests in companies that are engaged in the technology sector, such as software, hardware, internet, telecom, and biotechnology. The fund has a total net asset value of $688 million and an expense ratio of 2.64%. The fund invests in various technology sectors, including artificial intelligence, cloud computing, data analytics, and e-commerce.
10. Quant Teck Fund: This fund is a diversified equity fund that invests in companies that are involved in the technology sector, such as software, hardware, internet, telecom, and biotechnology. The fund has a total net asset value of $188 million and an expense ratio of 2.50%. The fund invests in various technology sectors, including artificial intelligence, cloud computing, data analytics, and e-commerce.