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Unrated

ICICI Prudential IT ETF


Suitability:

This is a fund that invests mainly in shares of companies in the information technology sector.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- 0.05 6.43 8.53 -- -- -- -- -- -- --
S&P BSE IT TRI -- -0.19 6.21 7.59 -- -- -- -- -- -- --
Equity: Sectoral-Technology -- 0.08 7.04 8.75 -- -- -- -- -- -- --
Rank within category -- 4 6 3 -- -- -- -- -- -- --
Number of funds in category 4 6 6 6 4 4 4 4 3 3 3

As on 18-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential IT ETF  | Invest Now
Unrated
Aug-20 -- -- -- -- 133
ICICI Prudential Technology Fund  | Invest Now
Unrated
Mar-00 34.58 25.83 14.12 2.80 545
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
Jan-00 30.72 24.62 15.16 2.63 540
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
Dec-15 24.64 24.88 -- 2.61 461

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.27 (09-Sep-2020 - 16-Sep-2020) -1.63 (18-Aug-2020 - 25-Aug-2020)
Month 8.89 (19-Aug-2020 - 18-Sep-2020) 8.48 (18-Aug-2020 - 17-Sep-2020)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE IT TRI* 23.87 22.09 0.85 1.60 -- --
Equity: Sectoral-Technology* 21.08 20.33 0.78 1.18 0.86 -0.21
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 10
Top 10 Stocks (%) 99.78
Top 5 Stocks (%) 81.26
Top 3 Sectors (%) 99.78
Portfolio P/B Ratio 6.01
Portfolio P/E Ratio 22.88

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,07,486 1,75,541
Giant (%) 70.44 66.98
Large (%) 23.16 14.08
Mid (%) 6.39 8.54
Small (%) -- 14.55
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
new Infosys Technology 25.08 27.61 27.61 27.61
new Tata Consultancy Services Technology 29.46 23.17 23.17 23.17
new Tech Mahindra Technology 19.23 10.97 10.97 10.97
new Wipro Technology 18.60 9.76 9.76 9.76
new HCL Technologies Technology 18.72 9.74 9.74 9.74
new Info Edge (India) Services -- 8.43 8.43 8.43
new L&T Infotech Technology 29.88 3.71 3.71 3.71
new Mphasis Technology 21.85 3.40 3.40 3.40
new MindTree Technology 27.93 1.69 1.69 1.69
new Coforge Technology 30.44 1.29 1.29 1.29

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2020

Fund Manager

— Kayzad Eghlim since 12-Aug-2020

Education: Mr. Eghlim is a B.Com (H) and M Com.

Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.

Funds Managed:


0.05%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 198.3000


Investment Strategy

The scheme seeks to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 17-Aug-2020
Return Since Launch: 8.53%
Benchmark: NIFTY IT TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 133 Cr (As on 31-Aug-2020)
Expense: -- (As on )
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Making sense of the rising market and shrinking GDP

dateFriday, 25-Sep-2020
time12:30 PM - 01:00 PM