ICICI Prudential Technology Fund

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Value Research Rating

Unrated

Analyst’s Choice

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Riskometer

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Very High

₹170.5500 -1.24%

As on 15-Apr-2024

Returns

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Calculate SIP Returns of ICICI Prudential Technology Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Technology Fund

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential Technology Fund

Assets info

₹11,977 Cr

Exit Load (Days) info

1.00 (15)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

1

Min. SIP Investment (₹)

100

Min. No of Cheques

6

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.

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.

Taxation

Capital Gains Taxation

  • 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.

Dividend Taxation

  • 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.

FAQ for ICICI Prudential Technology Fund

ICICI Prudential Technology Fund is mandated to invest at least 80 per cent of its assets in the shares of companies in the information technology sector.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Technology Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Technology Fund is ₹170.5500 as of 17-Apr-2024.

The AUM of ICICI Prudential Technology Fund Fund is ₹11,977 Cr as of 31-Mar-2024

The riskometer level of ICICI Prudential Technology Fund is Very High. See More

As of 31-Mar-2024, ICICI Prudential Technology Fund had invested 96.26% in Equity and 3.74% in Cash & Cash Eq. See More

ICICI Prudential Technology Fund is 24 years 1 months old. It has delivered 12.47% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
29.70%
15.79%
23.51%
23.66%
18.53%
12.47%

No, There is no lock in period in ICICI Prudential Technology Fund.

The expense ratio of ICICI Prudential Technology Fund is 1.75.

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