ICICI Prudential Nifty IT Index Fund Direct Growth
NAV as on 17-04-2025
₹ 11.54
▲0.2%
1D
Inception Returns
5.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
1652 people have invested ₹ 84.4L in ICICI Prudential Nifty IT Index Fund Direct Growth in the last three months
About ICICI Prudential Nifty IT Index Fund Direct Growth
ICICI Prudential Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 18 August, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty IT Index Fund Direct Growth has ₹492 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
ICICI Prudential Nifty IT Index Fund Direct Growth has given a CAGR return of 5.53% since inception. Over the last 1 year the fund has given a CAGR return of 1.19%.
Holdings
ICICI Prudential Nifty IT Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ICICI Prudential Nifty IT Index Fund Direct Growth
The objective of the Scheme is to invest in companies whose securities are included in Nifty IT Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty IT Index in the same weightage that they represent in Nifty IT Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. ICICI Prudential Nifty IT Index Fund Direct Growth has no lock in period.
ICICI Prudential Nifty IT Index Fund Direct Growth Overview
| Expense ratio | 0.37% |
Benchmark | Nifty IT TR INR |
| AUM | ₹492 Cr |
| Inception Date | 18 August, 2022 |
| Min Lumpsum/SIP | ₹1000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 30.5% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
Large cap
79.2%
Mid cap
15.9%
Sector Allocation
Tech
100%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at -1.19% whereas the fund’s underlying benchmark Nifty IT returns stands at 6.33% as on Mar'25
- This fund underperformed Nifty IT by 7.52% in Mar'25
- AUM of the fund stands at 491.7 Cr as of Mar'25
- AUM increased by 31.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Coforge Ltd's allocation increased from 5.15% to 5.36%
Mphasis Ltd's allocation increased from 2.67% to 2.82%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 29.05 % to 26.31 %
Tata Consultancy Services Ltd's allocation decreased from 22.58 % to 22.23 %
HCL Technologies Ltd's allocation decreased from 10.58 % to 10.2 %
Mid Cap allocation has gone up from 15% to 15.9%
Large Cap allocation has gone down from 84.9% to 79.2%
Cash allocation has gone up from 0.1% to 4.9%
Top Sector in March was Tech
Mar'25
Tech
100%
Feb'25
Tech
100%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Infosys Ltd | 26.31% | 3.9% | |
 Tata Consultancy Services Ltd | 22.23% | 1.5% | |
 HCL Technologies Ltd | 10.2% | 1.8% | |
 Tech Mahindra Ltd | 8.94% | 0.8% | |
 Wipro Ltd | 7.4% | 1.2% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ICICI Prudential Nifty IT Index Fund Direct Growth | 1.19% | - | - | 5.53% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 15.05% | 13.86% | 21.46% | 13.14% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 8.76% | 11.98% | 21.92% | 12.91% |
 SBI Nifty Index Fund Direct Growth | 8.73% | 11.97% | 21.85% | 12.63% |
See all
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.8% |
 Wipro Ltd | -9.3% |
 Tech Mahindra Ltd | -8.7% |
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Nishit Patel
Fund Manager of ICICI Prudential Nifty IT Index Fund Direct Growth, since 18 August 2022
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
ICICI Prudential Nifty IT Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 5.53% since inception which is less than its category average return of 8.09%
Fund Allocations
This fund has an allocation of 95.06% in Equity, 0% in Debt and 4.94% in Cash related instruments
AUM size ₹492 Cr
This fund has AUM of ₹492 Cr which is less than its category average of ₹ 771 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.55%
Frequently Asked Questions for ICICI Prudential Nifty IT Index Fund Direct Growth
The current NAV of ICICI Prudential Nifty IT Index Fund Direct Growth is ₹11.54 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
ICICI Prudential Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.56% | -7.56% |
6 Month Returns | -21.1% | -21.1% |
1 Year Returns | 1.19% | 1.19% |
3 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.37% as on March 2025
₹492 Cr as on March 2025
Infosys Ltd(26.31%), Tata Consultancy Services Ltd(22.23%), HCL Technologies Ltd(10.2%), Tech Mahindra Ltd(8.94%), Wipro Ltd(7.4%) as on March 2025
The alpha ratio for the ICICI Prudential Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | -0.58 | - | - |
As on March 2025
The alpha for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated against Nifty IT TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 1 | - | - |
As on March 2025
The Beta for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated with Nifty IT TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 0.13 | - | - |
As on March 2025
The sharpe ratio for ICICI Prudential Nifty IT Index Fund Direct Growth is calculated with Nifty IT TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty IT Index Fund Direct Growth | 24.83 | - | - |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Nishit Patel is the fund manager of ICICI Prudential Nifty IT Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty IT Index Fund Direct Growth is 0%