Equity
Direct
Sector - Technology
NAV as on 05-09-2024
₹ 234.49
▲0.3%
1D
Inception Returns
23.8%
/yr
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.
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.
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
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.
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 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.
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 |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Tech, Communication & Government
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% |
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 |