LIC Mutual Fund NFO, Feb. 19 -- LIC Mutual Fund has announced the launch of a new fund offer (NFO), LIC MF Technology Fund, to tap the expanding technology landscape, which will focus on stocks beyond the conventional IT services players.

In contrast to traditional IT-focused offerings, LIC MF Technology Fund aims to allocate capital across a wide spectrum of technology-driven sectors, including semiconductor-linked companies, data centre operators, digital commerce platforms, internet businesses, and emerging technology enterprises.

The announcement for LIC Mutual Fund's technology NFO comes at a time when traditional IT services players are facing selloff amid fears of AI-led disruption.

The Nifty IT index earlier this month had touc...