ICICI Prudential Technology Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 05-09-2024
₹ 234.49
▲0.3%
1D
Inception Returns
23.8%
/yr
About the Fund
ICICI Technology Fund invests in IT stocks listed with Indian stock exchanges with the fund’s objective being to generate returns for its clients by investing in the technology space. The fund invests in companies which are focused on innovation, R&D and are stalwarts in the technology space.This fund is suitable for investors who are willing to take higher risks and have a long-term investment horizon. The fund invests in firms such as KPIT, Tech Mahindra, Wipro and HCL.
Key Parameters
- ICICI Prudential Technology Fund Direct Growth has ₹13422 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
ICICI Prudential Technology Fund Direct Growth has given a CAGR return of 23.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.30%, 12.56% and 29.56% respectively.
Holdings
ICICI Prudential Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Government, Consumer Cyclical, Industrial, Consumer Defensive, Health, Financial Services. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, HCL Technologies Ltd, Tech Mahindra Ltd
Taxation
As it is a sector - technology mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ICICI Prudential Technology Fund Direct Growth
To generate long-term capital appreciation by creating a portfolio that is invested in equity and equity related securities of technology and technology dependent companies. However there can be no assurance or garuntee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Technology Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank
Fund Overview
| Expense ratio | 0.91% |
Benchmark | S&P BSE IT |
| AUM | ₹13422 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 63.79% |
| STCG | Redeeming 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
- This fund’s returns stands at 10.91% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 7.37% in Jul'24
- AUM of the fund stands at 13.4K Cr as of Jul'24
- AUM increased by 751.2 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Tech, Communication & Government
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 9.7% |
 Tata Consultancy Services Ltd | 7.8% |
 Bharti Airtel Ltd | 6.6% |
Mutual Fund Insights
ICICI Prudential Technology Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.91%
Frequently Asked Questions
ICICI Prudential Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 9.56% | 9.56% |
6 Month Returns | 20.46% | 20.46% |
1 Year Returns | 39.3% | 39.3% |
3 Years Returns | 42.6% | 12.56% |
5 Years Returns | 265.08% | 29.56% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Technology Fund Direct Growth | -0.41 | 0.92 | 5.35 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Technology Fund Direct Growth | 1.02 | 1 | 1.06 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Technology Fund Direct Growth | 1.78 | 0.45 | 1.06 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Technology Fund Direct Growth | 18.01 | 18.44 | 22.6 |