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ICICI Prudential Technology Fund

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Equity: Sectoral-Technology

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1 Lakh

Investment Grown to
₹ 2.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 6.39 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 11.86 0.73 -4.07 -0.23 6.41 31.00 138.25 28.44 21.55 20.16 19.39
S&P BSE IT TRI 10.78 0.31 -4.45 0.39 1.88 23.63 118.58 30.83 21.23 19.65 17.87
Equity: Sectoral-Technology 11.04 0.98 -3.80 0.15 3.81 27.83 117.15 27.24 20.99 19.63 17.88
Rank within category 4 6 8 6 3 2 1 1 2 2 1
Number of funds in category 7 9 9 8 7 6 4 4 4 3 3

As on 16-Apr-2021

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-00 138.25 28.44 21.55 2.27 1,818
ICICI Prudential IT ETF  | Invest Now
Unrated
 Aug-20 -- -- -- 0.22 1,705
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
 Dec-15 117.89 27.58 20.71 2.36 1,161
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
 Jan-00 117.63 27.38 22.50 2.45 1,148
Nippon India ETF Nifty IT - Regular Plan  | Invest Online
Unrated
 Jun-20 -- -- -- 0.22 765

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
Fund 28.38 22.87 1.05 1.58 0.94 -0.88
S&P BSE IT TRI 30.86 22.76 1.16 2.12 -- --
Equity: Sectoral-Technology 26.47 20.96 1.05 1.56 0.86 -0.65
Rank within category 1 4 3 2 4 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-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 39
Top 10 Stocks (%) 61.49
Top 5 Stocks (%) 47.40
Top 3 Sectors (%) 91.13
Portfolio P/B Ratio 5.33
Portfolio P/E Ratio 29.47

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 88,270 2,40,891
Giant (%) 47.72 65.13
Large (%) 9.98 13.38
Mid (%) 20.34 13.29
Small (%) 21.96 16.27
Tiny (%) -- 0.27

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
up Infosys Technology 29.78 49.61 18.92 21.64
up Tata Consultancy Services Technology 36.95 12.14 0.00 7.40
equal HCL Technologies Technology 20.79 11.51 0.00 7.11
equal Tech Mahindra Technology 23.58 11.88 1.98 6.86
down Persistent Systems Technology 37.68 5.22 0.00 4.38
up Cyient Technology 24.65 4.36 0.00 3.18
equal Wipro Technology 23.79 10.36 0.00 3.12
down Coforge Technology 44.05 4.28 0.00 2.71
up Bharti Airtel Communication -- 9.76 0.00 2.55
up Indian Railway Catering & Tourism Corpn. Services 110.31 2.53 0.00 2.53
up eClerx Services Services 16.96 2.17 0.00 2.05
down Indiamart Intermesh Services 90.26 5.83 0.00 2.04
down Mphasis Technology 25.50 2.99 0.00 2.00
down KPIT Technologies Technology 40.17 2.63 0.00 1.96
down Just Dial Services 20.78 2.13 0.00 1.95
down Firstsource Solutions Services 19.95 2.66 0.00 1.95
down MindTree Technology 30.67 2.83 0.00 1.84
up L&T Technology Services Engineering 42.47 1.97 0.00 1.69
down Birlasoft Technology 24.10 3.38 0.00 1.66
down TeamLease Services Services 191.05 3.36 0.00 1.58
equal L&T Infotech Technology 39.33 15.45 1.46 1.57
equal Microsoft Corportion (US) Technology -- 1.41
new Easy Trip Planners Services 57.15 1.04 0.00 1.04
equal Info Edge (India) Services 49.29 2.91 0.00 0.93
down SIS Services 21.03 1.47 0.00 0.92

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-Mar-2021

Fund Manager

— 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:

— 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:

Invest Now
0.73%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 110.6200

IDCW: ₹ 54.2800

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 (₹) --
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: 12.04%
Benchmark: S&P BSE IT TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,818 Cr (As on 31-Mar-2021)
Expense: 2.27% (As on 28-Feb-2021)
Risk Grade: --
Return Grade: --
Turnover: 108.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW29-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

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

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