ICICI Prudential Technology Fund Direct Growth

ICICI Prudential Technology Fund Direct Growth

Equity

Direct

Sector - Technology

NAV as on 21-11-2024

₹ 227.37

▲0.1%

1D

Inception Returns

23%

/yr

About ICICI Prudential Technology Fund Direct Growth

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

  1. ICICI Prudential Technology Fund Direct Growth has ₹13495 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

ICICI Prudential Technology Fund Direct Growth has given a CAGR return of 22.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.94%, 8.60% and 30.26% respectively.

Holdings

ICICI Prudential Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Industrial, Financial Services, Consumer Defensive, Health. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, HCL Technologies Ltd, LTIMindtree 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 benefit
Dividends 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

Annualised
▲
▼

zero opening, trading, fund transfer fee
33924 people have invested ₹ 11.5Cr in ICICI Prudential Technology Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential Technology Fund Direct Growth

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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Among most bought funds within the category
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No bad points found for this fund.

ICICI Prudential Technology Fund Direct Growth Overview

Expense ratio0.98%
Benchmark
S&P BSE IT
AUM₹13495 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
63.79%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (21-Nov-24)

Period
ICICI Prudential Technology Fund Direct Growth
Nifty 500
sector - technology
1M
-2%
-2.6%
0.1%
3M
-0.6%
-5.2%
0.4%
6M
21.7%
4.7%
24.7%
1Y
31.9%
26.1%
32.8%
3Y
8.6%
14.1%
7.6%
5Y
30.3%
18.1%
29.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 96.9%

  • Debt & Cash 3.1%

Large cap
68.6%
Small cap
15.6%
Mid cap
9.8%
Sector Allocation

Oct'24

Sep'24

Aug'24

Tech
73%
Communication
17.8%
Consumer Cyclical
5.2%
Industrial
3.6%
Financial Services
0.2%
Consumer Defensive
0.2%
Health
0%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.36%
-0.49%
5.16%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.16% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 13.5K Cr
₹ 14.2K Cr
₹ 14.2K Cr
  • AUM of the fund stands at 13.5K Cr as of Oct'24
  • AUM decreased by 678 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Bharti Airtel Ltd (Partly Paid Rs.1.25)'s allocation increased from 3.36% to 4.15%
Bharti Airtel Ltd (Partly Paid Rs.1.25)'s allocation increased from 3.36% to 4.15%
Birlasoft Ltd's allocation increased from 0.54% to 1.02%
Birlasoft Ltd's allocation increased from 0.54% to 1.02%
Tata Consultancy Services Ltd's allocation increased from 11.25% to 11.72%
Tata Consultancy Services Ltd's allocation increased from 11.25% to 11.72%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 23.26 % to 22.22 %
Infosys Ltd's allocation decreased from 23.26 % to 22.22 %
Bharti Airtel Ltd's allocation decreased from 8.62 % to 8.54 %
Bharti Airtel Ltd's allocation decreased from 8.62 % to 8.54 %
LTIMindtree Ltd's allocation decreased from 5.65 % to 5.43 %
LTIMindtree Ltd's allocation decreased from 5.65 % to 5.43 %
Small Cap allocation has gone up from 14.3% to 15.6%
Small Cap allocation has gone up from 14.3% to 15.6%
Mid Cap allocation has gone down from 9.9% to 9.8%
Mid Cap allocation has gone down from 9.9% to 9.8%
Large Cap allocation has gone up from 68.3% to 68.6%
Large Cap allocation has gone up from 68.3% to 68.6%
Cash allocation has gone down from 4.5% to 3.1%
Cash allocation has gone down from 4.5% to 3.1%

Top 3 Sectors in October were Tech, Communication & Consumer Cyclical

Oct'24
Tech
73%
Communication
18%
Consumer Cyclical
5%
Sep'24
Tech
74%
Communication
17%
Consumer Cyclical
5%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Infosys Ltd
Infosys Ltd
22.22%
-3%
Tata Consultancy Services Ltd
Tata Consultancy Services Ltd
11.72%
6.7%
Bharti Airtel Ltd
Bharti Airtel Ltd
8.54%
0%
LTIMindtree Ltd
LTIMindtree Ltd
5.43%
0%
HCL Technologies Ltd
HCL Technologies Ltd
5.43%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential Technology Fund Direct Growth
ICICI Prudential Technology Fund Direct Growth
31.94%
8.6%
30.26%
22.98%
Tata Digital India Fund Direct Growth
Tata Digital India Fund Direct Growth
38.24%
11.83%
30.16%
22.22%
Franklin India Technology Fund Direct Growth
Franklin India Technology Fund Direct Growth
35.13%
14.26%
27.74%
20.67%
SBI Technology Opportunities Fund Direct Growth
SBI Technology Opportunities Fund Direct Growth
32.8%
11.64%
27.96%
21.96%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Cartrade Tech Ltd
Cartrade Tech Ltd
30.5%
Mastek Ltd
Mastek Ltd
10.6%
Firstsource Solutions Ltd
Firstsource Solutions Ltd
3.7%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
76
76
75
Top 5 Company Concentration
53.3%
54%
54.6%
Company having highest exposure
Infosys Ltd (22.2%)
Infosys Ltd (23.3%)
Infosys Ltd (24.1%)
No of Sectors
7
7
8
Top 5 Sectors Concentration
99.8%
99.8%
105.9%
Sector having highest exposure
Tech (73%)
Tech (73.7%)
Tech (75%)
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Vaibhav Dusad
Vaibhav Dusad
Fund Manager of ICICI Prudential Technology Fund Direct Growth, since 2 May 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ICICI Prudential Bluechip Fund Direct Plan Growth
16.27%
12.01%
ICICI Prudential Technology Fund Direct Plan Growth
8.6%
7.6%
ICICI Prudential Focused Equity Fund Direct Plan Growth
19.86%
13.89%
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
94
See all ICICI schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
Over the last 1 year, this fund has increased expense ratio by 10.1% moving from 0.89 to 0.98.
Insights icon
In the last 1 year, Tata Digital India Fund Direct Growth has given 38.24% return, outperforming this fund by 6.3%.
Insights icon
This fund expense ratio is slightly on the lower side within the category (sector - technology). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.25%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 3 years, Franklin India Technology Fund Direct Growth has given 14.26% return, outperforming this fund by 5.66% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 4.8% drop in AUM moving from 14.17K Cr to 13.49K Cr.

ICICI Prudential Technology Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 22.98% since inception which is less than its category average return of 23.18%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.89% in Equity, 0% in Debt and 3.11% in Cash related instruments
AUM size ₹13495 Cr

AUM size ₹13495 Cr

This fund has AUM of ₹13495 Cr which is more than its category average of ₹ 2941 Cr
Expense Ratio 0.98%

Expense Ratio 0.98%

This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions for ICICI Prudential Technology Fund Direct Growth

The current NAV of ICICI Prudential Technology Fund Direct Growth is ₹227.37 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
ICICI Prudential Technology Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.04%
-2.04%
6 Month Returns
21.7%
21.7%
1 Year Returns
31.94%
31.94%
3 Years Returns
28.08%
8.6%
5 Years Returns
275.01%
30.26%
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0.98% as on October 2024
₹13495 Cr as on October 2024
Infosys Ltd(22.22%), Tata Consultancy Services Ltd(11.72%), Bharti Airtel Ltd(8.54%), HCL Technologies Ltd(5.43%), LTIMindtree Ltd(5.43%) as on October 2024
Tech(70.7%), Communication(17.22%), Consumer Cyclical(5.05%) as on October 2024
The alpha ratio for the ICICI Prudential Technology Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Technology Fund Direct Growth
2.18
0.42
5.73
As on October 2024
The alpha for ICICI Prudential Technology Fund Direct Growth is calculated against S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Technology Fund Direct Growth
1
1
1.06
As on October 2024
The Beta for ICICI Prudential Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology 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 Technology Fund Direct Growth
1.46
0.28
1.05
As on October 2024
The sharpe ratio for ICICI Prudential Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology 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 Technology Fund Direct Growth
19.01
18.68
22.63
As on October 2024
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.
Sortino ratio is 0.43 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.15 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Vaibhav Dusad is the fund manager of ICICI Prudential Technology Fund Direct Growth
The Exit load of ICICI Prudential Technology Fund Direct Growth is 1%