VR Logo

Unrated

ICICI Prudential Technology Fund


1 Lakh

Investment Grown to
₹ 1.51 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.33 Lakh

Analyst's Choice?

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.92 -1.38 -2.30 -1.31 8.47 2.03 0.73 14.70 7.22 15.93 15.78
S&P BSE IT TRI 3.67 -1.52 -2.71 -1.28 8.51 0.51 5.57 17.78 8.42 15.28 14.10
Equity: Sectoral-Technology 4.94 -1.28 -2.67 -1.38 8.25 5.05 5.31 16.49 8.02 15.67 13.83
Rank within category 2 3 1 2 2 4 4 4 2 2 1
Number of funds in category 4 4 4 4 4 4 4 4 3 3 3

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (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
Fund 16.86 12.61 0.89 1.85 0.69 1.20
S&P BSE IT TRI 20.19 16.41 0.88 1.91 -- --
Equity: Sectoral-Technology 17.76 13.08 0.93 2.09 0.71 1.74
Rank within category 4 3 5 4 3 4
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-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 11
Top 10 Stocks (%) 97.54
Top 5 Stocks (%) 81.52
Top 3 Sectors (%) 97.84
Portfolio P/B Ratio 4.04
Portfolio P/E Ratio 18.31

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,22,298 1,49,807
Giant (%) 64.51 69.99
Large (%) 11.84 7.89
Mid (%) 17.23 12.01
Small (%) 6.41 10.07
Tiny (%) -- 0.23

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Infosys Technology 20.39 44.86 21.89 44.86
equal Tech Mahindra Technology 17.96 11.93 8.79 11.59
equal L&T Infotech Technology 23.62 15.45 7.65 10.33
up HCL Technologies Technology 15.19 14.23 0.00 8.01
equal Wipro Technology 13.88 14.05 0.00 6.72
equal Oracle Fin Ser Software Technology 15.48 9.10 4.61 6.16
equal Tata Consultancy Services Technology 24.58 12.14 0.00 3.53
equal Cyient Technology 10.00 9.23 0.00 3.40
equal Nucleus Software Exports Technology 11.14 7.24 2.37 2.57
new Hexaware Technologies Technology 16.98 8.56 0.00 0.36
equal Entertainment Network Services 29.92 0.45 0.00 0.30

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-Jan-2020

Fund Manager

— Ashwin Jain since 01-Oct-2016

Education: Mr. Jain is a B.E. and PGDM.

Experience: Prior to joining ICICI Prudential Asset Management Co. Ltd. in 2010 he has worked with HCL Technologies, Irevana and Merill Lynch.

Funds Managed:

— Sankaran Naren since 14-Jul-2017

Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.

Experience: Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.

Interviews:

Funds Managed:


-1.38%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 60.8200

Dividend: ₹ 32.5400


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 03-Mar-2000
Return Since Launch: 9.45%
Benchmark: S&P BSE IT TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 418 Cr (As on 31-Jan-2020)
Expense: 2.58% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: 28.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-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

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

Fax: 022-26528100

Email: [email protected]

Website: 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

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM