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.

1. ICICI Prudential Technology Fund Direct Growth has ₹14101 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
2. The fund has an expense ratio 1.
   

ICICI Prudential Technology Fund Direct Growth has given a CAGR return of 22.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.43%, 10.68% and 27.85% respectively.

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, 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.