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ICICI Prudential Technology Fund download report


1 Lakh

Investment Grown to
₹ 2.33 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.71 Lakh

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 flexi-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
ICICI Pru Technology-G -20.78 0.10 2.24 4.72 -1.85 -11.64 -3.06 32.48 27.72 18.56 22.51
S&P BSE IT TRI -18.61 0.02 2.76 5.91 -1.11 -10.62 -2.25 26.27 26.67 17.59 20.99
Equity: Sectoral-Technology -20.25 0.04 2.52 6.17 -0.61 -11.26 -2.74 28.76 25.43 17.17 20.43
Rank within category 5 3 12 13 13 5 8 1 1 2 1
Number of funds in category 11 13 13 13 13 11 10 5 5 4 4

As on 08-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Technology Fund  | Invest Now
Unrated
Mar-00 -3.06 32.48 27.72 2.02 8,831
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
Dec-15 -1.10 29.29 27.55 2.02 5,434
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
Jan-00 -3.31 31.01 26.38 2.11 2,939
SBI Technology Opportunities Fund  | Invest Online
Unrated
Jul-99 0.24 27.71 25.55 2.03 2,545
ICICI Prudential Nifty IT ETF  | Invest Now
Unrated
Aug-20 -2.42 -- -- 0.20 1,677

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 28.30 12-Apr-2001 - 20-Apr-2001 -22.61 10-Sep-2001 - 17-Sep-2001
Month 29.88 07-Nov-2001 - 07-Dec-2001 -37.52 09-Feb-2001 - 13-Mar-2001
Quarter 74.86 09-Mar-2009 - 10-Jun-2009 -47.51 28-Jul-2008 - 27-Oct-2008
Year 172.63 09-Mar-2009 - 11-Mar-2010 -70.77 13-Mar-2000 - 13-Mar-2001

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
ICICI Pru Technology-G 31.12 26.16 1.06 1.45 0.97 5.60
S&P BSE IT TRI 26.11 25.58 0.88 1.57 -- --
Equity: Sectoral-Technology 27.71 23.53 1.03 1.35 0.87 4.51
Rank within category 1 5 3 2 5 2
Number of funds in category 5 5 5 5 5 5

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 42
Top 10 Stocks (%) 76.51
Top 5 Stocks (%) 65.07
Top 3 Sectors (%) 91.60
Portfolio P/B Ratio 5.41
Portfolio P/E Ratio 25.73

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,79,742 3,51,627
Giant (%) 75.74 73.21
Large (%) 9.98 16.04
Mid (%) 8.23 9.24
Small (%) 6.05 5.33
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
down Infosys Technology 30.17 49.61 17.23 30.19
up Tata Consultancy Services Technology 31.58 12.14 0.00 10.80
up HCL Technologies Technology 19.03 9.74 0.00 9.28
up Bharti Airtel Communication 76.23 9.76 0.00 7.87
down Wipro Technology 20.34 10.36 0.00 6.93
down Tech Mahindra Technology 19.19 11.67 1.98 6.61
equal Zee Entertainment Services 24.95 1.45 0.00 1.45
equal Accenture PLC Technology -- 1.20
up Cyient Technology 17.47 3.50 1.12 1.19
down MindTree Technology 32.21 2.74 0.00 1.12
down Mphasis Technology 29.72 4.36 0.00 1.09
up PVR Services -- 1.08 0.00 1.08
down Oracle Fin Ser Software Technology 15.54 7.73 0.00 0.95
up Facebook Co Services -- 0.93
new Reliance Industries Energy 26.18 0.79 0.00 0.79
up Indiamart Intermesh Services 52.98 5.83 0.00 0.74
equal Siemens Capital Goods 83.12 0.73 0.00 0.73
equal Cognizant Technology Solutions Corp. Technology -- 0.72
equal Tata Communications Communication 17.92 1.11 0.00 0.71
down Birlasoft Technology 20.01 3.38 0.00 0.63
up Bharti Airtel Ltd. PPE Communication -- 0.62
equal Salesforce Com. Technology -- 0.52
down Sonata Software Technology 18.67 1.99 0.00 0.51
equal Coforge Technology 33.90 4.28 0.00 0.47
equal Route Mobile Technology 45.97 1.51 0.00 0.47

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-Jul-2022

Fund Manager

— Vaibhav Dusad since 02-May-2020

Education: Mr. Dusad has done B.Tech, M.Tech and MBA

Experience: Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.

Funds Managed:


0.10%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 137.6800

IDCW: ₹ 61.9200


Investment Strategy

The scheme will seek long term capital appreciation by investing in equity and equity related securities of technology and technology dependent companies. A large share of the AUM will be invested in the stocks under the Benchmark Index, however, the scheme may also invest in other companies which form a part of Information Technology Services Industry.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 03-Mar-2000
Return Since Launch: 12.39%
Benchmark: S&P BSE Teck TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 8,831 Cr (As on 31-Jul-2022)
Expense Ratio: 2.02% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: --
Turnover: 72.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW12-Aug-20216.0000

 29-Jul-20203.0000
 20-Feb-20193.0989
 20-Feb-20184.1000
 23-Feb-20172.7000
 19-Feb-20161.5000
 27-Feb-20153.0000
 21-Feb-20142.0000
 22-Feb-20132.0000

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

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

Fax: 022-26528100

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

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