ICICI Prudential Technology Fund Direct Growth
NAV as on 26-03-2025
₹ 209.21
1D
Inception Returns
21.4%
/yr
Historical NAV & Returns
Absolute
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31368 people have invested ₹ 10.3Cr in ICICI Prudential Technology Fund Direct Growth in the last three months
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
- ICICI Prudential Technology Fund Direct Growth has ₹12511 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
ICICI Prudential Technology Fund Direct Growth has given a CAGR return of 21.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.89%, 6.23% and 33.76% respectively.
Holdings
ICICI Prudential Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Industrial, Financial Services, Health, Consumer Defensive. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, LTIMindtree Ltd, Bharti Airtel Ltd (Partly Paid Rs.1.25)
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 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 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.
ICICI Prudential Technology Fund Direct Growth Overview
| Expense ratio | 1.05% |
Benchmark | S&P BSE IT |
| AUM | ₹12511 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 63.79% |
| 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 |
INDmoney Rank for ICICI Prudential Technology Fund Direct Growth
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IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Among most bought funds within the category
Larger AUM within category
3Y returns in the bottom 25% of the category
Trailing Returns
as on (26-Mar-25)
Fund Distribution
as on (28-Feb-25)
Large cap
70.6%
Small cap
13.6%
Mid cap
8.1%
Sector Allocation
Tech
71.7%
Communication
18.5%
Consumer Cyclical
5.2%
Industrial
2.6%
Financial Services
1.3%
Health
0.6%
Consumer Defensive
0.2%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 12.5K Cr as of Feb'25
- AUM decreased by 1.8K Cr between Feb'25 and Jan'25
Top Stocks bought last month
Bharti Airtel Ltd's allocation increased from 6.92% to 8.32%
Zomato Ltd's allocation increased from 2.26% to 3.14%
Bharti Airtel Ltd (Partly Paid Rs.1.25)'s allocation increased from 4.5% to 5.19%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 20.9 % to 20.62 %
LTIMindtree Ltd's allocation decreased from 6.52 % to 5.65 %
Tech Mahindra Ltd's allocation decreased from 5.11 % to 4.82 %
Mid Cap allocation has gone down from 8.5% to 8.1%
Large Cap allocation has gone down from 70.7% to 70.6%
Small Cap allocation has gone down from 14.7% to 13.6%
Cash allocation has gone down from 4.7% to 2.8%
Top 3 Sectors in February were Tech, Communication & Consumer Cyclical
Feb'25
Tech
72%
Communication
18%
Consumer Cyclical
5%
Jan'25
Tech
75%
Communication
16%
Consumer Cyclical
4%
See all
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -9.3% |
 LTIMindtree Ltd | -5.3% |
 Tata Consultancy Services Ltd | 0.6% |
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Vaibhav Dusad
Fund Manager of ICICI Prudential Technology Fund Direct Growth, since 2 May 2020
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.37L Cr
as on 28-Feb-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
Mutual Fund Insights
In the last 5 years, this fund has outperformed all funds in its category.
Over the last 3 months, this fund has increased expense ratio by 16.7% moving from 0.90 to 1.05.
In the last 1 year, HDFC Technology Fund Direct Growth has given 16.54% return, outperforming this fund by 5.66%.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 13.92% return, outperforming this fund by 7.69% per annum.
Over the last 1 month, this fund has experienced a 11.3% drop in AUM moving from 14.10K Cr to 12.51K Cr.
This fund expense ratio is slightly on the lower side within the category (sector - technology). Its expense ratio is 1.05% which is lower than the category average expense ratio of 1.28%.
ICICI Prudential Technology 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 21.44% since inception which is more than its category average return of 12.78%
Fund Allocations
This fund has an allocation of 97.23% in Equity, 0% in Debt and 2.77% in Cash related instruments
AUM size ₹12511 Cr
This fund has AUM of ₹12511 Cr which is more than its category average of ₹ 2777 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.27%
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Frequently Asked Questions for ICICI Prudential Technology Fund Direct Growth
The current NAV of ICICI Prudential Technology Fund Direct Growth is ₹209.21 as on 26-Mar-2025.
Existing (Absolute + CAGR) as on 26-Mar-2025.
ICICI Prudential Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.34% | -3.34% |
6 Month Returns | -11.8% | -11.8% |
1 Year Returns | 10.89% | 10.89% |
3 Years Returns | 19.88% | 6.23% |
5 Years Returns | 328.18% | 33.76% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.05% as on February 2025
₹12511 Cr as on February 2025
Infosys Ltd(20.62%), Tata Consultancy Services Ltd(12.7%), Bharti Airtel Ltd(8.32%), LTIMindtree Ltd(5.65%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(5.19%) as on February 2025
Tech(69.74%), Communication(17.95%), Consumer Cyclical(5.04%) as on February 2025
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 | 1.63 | 1.39 | 6.16 |
As on February 2025
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 | 1.01 | 0.99 | 1.06 |
As on February 2025
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 | -0.01 | 0.18 | 0.96 |
As on February 2025
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 | 22.13 | 18.65 | 23.12 |
As on February 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.
Sortino ratio is 0.26 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.65 as on February 2025. 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%