Buy These 3 Technology Mutual Funds for Extraordinary Returns

Risk takers seeking healthy returns over a long investment horizon may opt for technology mutual funds. The technology sector is believed to be poised for a brighter earnings performance than others, owing to innovation and greater demand. Improving industry fundamentals and emerging technologies, such as wearables, VR headsets, drones, virtual reality devices and artificial intelligence, are the key catalysts for the sector.

Most mutual funds investing in securities from these sectors prefer a growth-oriented approach, focusing on companies with strong fundamentals and relatively higher investment prospects. Technology now has broader coverage than just hardware and software companies. Social media and Internet companies are also part of the technology landscape today.

Below, we share with you three top-ranked Technology mutual funds, namely T. Rowe Price Science & Tech PRSCX, Fidelity Select Technology FSPTX and Fidelity Select Tech Hardware FDCPX. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

T. Rowe Price Science & Tech invests in companies expected to benefit from the development and use of science and technology. PRSCX typically invests in U.S.-based common stocks. However, it may also invest in foreign stocks.

T. Rowe Price Science & Tech has three-year annualized returns of 31.2%. As of June 2026, PRSCX held 139 issues, with 10.9% of its assets invested in Micron Technology.

Fidelity Select Technology aims for capital appreciation by investing the majority of its net assets in common stocks of domestic and foreign companies that benefit significantly from technological advances and improvements. FSPTX uses fundamental analysis, like financial condition, industry position and market conditions, to select investments.

Fidelity Select Technology has three-year annualized returns of 34.4%. FSPTX has an expense ratio of 0.60%.

Fidelity Select Tech Hardware mainly invests in domestic and foreign technology hardware companies, selecting stocks through fundamental analysis of financial health, industry position, market trends and economic conditions. It is non-diversified.

Fidelity Select Tech Hardware has three-year annualized returns of 46.5%. Aidan Brandt Jr. has been one of the fund managers of FDCPX since 2024.

To view the Zacks Rank and the past performance of all Technology mutual funds, investors can click here to see the complete list of Technology mutual funds.

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This article originally published on Zacks Investment Research (zacks.com).