This paper examines the transformative impact of technological advancements on mutual fund performance and management. The integration of digital platforms, artificial intelligence (AI), big data analytics, robo-advisors, blockchain, and mobile applications has reshaped the mutual fund industry—enhancing fund management strategies, reducing costs, and improving investor access and transparency. Through a mixed-methods approach combining quantitative data from financial databases (e.g., Bloomberg, Morningstar, CRSP, Thomson Reuters Eikon) and qualitative analysis of industry reports, this study explores how technology-driven innovations contribute to operational efficiency, market responsiveness, and investor confidence. The findings indicate that mutual funds leveraging advanced technologies achieve greater cost efficiency, improved performance metrics, and broader investor participation. This research also identifies key gaps and emerging trends, offering insights for fund managers, policymakers, and investors aiming to navigate the evolving financial landscape.