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ICICI Prudential Technology Fund

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Equity: Sectoral-Technology

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1 Lakh

Investment Grown to
₹ 1.99 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.26 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 38.71 3.43 -0.75 10.44 49.07 80.21 37.52 25.72 13.54 18.38 16.57
S&P BSE IT TRI 25.23 -4.45 -4.00 4.70 30.91 60.92 26.44 26.13 12.91 15.83 14.49
Equity: Sectoral-Technology 29.18 3.33 -0.43 8.71 37.11 63.84 30.71 24.90 13.35 16.98 14.41
Rank within category 1 3 4 1 1 1 1 2 2 1 1
Number of funds in category 4 6 6 6 4 4 4 4 3 3 3

As on 25-Sep-2020

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 37.52 25.72 13.54 2.84 545
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
 Jan-00 32.26 25.12 14.63 2.63 540
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
 Dec-15 27.82 26.14 -- 2.61 461

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 21.88 21.75 0.77 1.14 0.92 -0.46
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 3 4 4 3 4 3
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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 72.65
Top 5 Stocks (%) 54.39
Top 3 Sectors (%) 96.47
Portfolio P/B Ratio 4.28
Portfolio P/E Ratio 21.39

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 67,417 1,75,541
Giant (%) 50.22 66.98
Large (%) 11.97 14.08
Mid (%) 17.41 8.54
Small (%) 20.40 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
down Infosys Technology 25.29 49.61 25.51 27.42
up Bharti Airtel Communication -- 9.76 0.00 9.76
up Tata Consultancy Services Technology 29.12 12.14 0.00 6.55
equal Indiamart Intermesh Services 80.95 5.83 0.00 5.83
up Tech Mahindra Technology 18.46 11.93 1.98 4.84
down Hexaware Technologies Technology 20.64 8.56 0.00 4.54
up Wipro Technology 18.45 10.36 0.00 4.02
down L&T Infotech Technology 27.16 15.45 4.00 4.00
new Info Edge (India) Services -- 2.91 0.00 2.91
equal TeamLease Services Services 111.26 3.36 0.00 2.80
up KPIT Technologies Technology 21.80 2.63 0.00 2.63
down Birlasoft Technology 22.12 2.80 0.00 2.46
down Persistent Systems Technology 26.90 3.65 0.00 2.42
down Cyient Technology 12.66 5.05 0.00 2.10
equal Mphasis Technology 19.86 2.27 0.00 1.88
equal L&T Technology Services Engineering 22.73 1.97 0.00 1.67
down Nucleus Software Exports Technology 18.07 7.24 1.56 1.56
equal Microsoft Corportion (US) Technology -- 1.54
new Firstsource Solutions Services 14.90 1.46 0.00 1.46
new Oracle Fin Ser Software Technology 16.44 8.94 0.00 1.28
up Mastek Technology 16.93 1.19 0.00 1.19
down MindTree Technology 27.81 3.97 0.00 1.16
up Matrimony.Com Services 43.92 1.11 0.00 1.11
up Affle (India) Communication 104.18 1.04 0.00 1.04
up Coforge Technology 32.12 2.22 0.00 0.72

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

— 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
3.43%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 80.4100

Dividend: ₹ 39.4600

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: 10.66%
Benchmark: S&P BSE IT TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 545 Cr (As on 31-Aug-2020)
Expense: 2.84% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --
Turnover: 91.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend29-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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