Unrated

ICICI Prudential Technology Fund

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Equity: Sectoral-Technology

1 Lakh

Investment Grown to

₹ 1.47 Lakh

₹ 10000

Monthly SIP Grown to

₹ 3.93 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 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.

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Annual Returns

Quarterly Returns

Monthly Returns

Weekly Returns

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Amount (₹)

Start date

End date

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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	0.36	2.07	5.02	7.78	24.72	-0.46	1.26	13.58	8.28	16.47	14.00
S&P BSE IT TRI	4.68	2.10	7.48	9.80	26.74	3.46	7.10	20.10	10.87	16.70	13.74
Equity: Sectoral-Technology	2.86	1.67	5.37	7.21	24.28	2.04	6.20	15.70	9.66	16.02	12.55
Rank within category	4	1	4	2	3	4	5	5	4	1	1
Number of funds in category	5	6	6	5	5	5	5	5	4	4	4

As on 07-Jul-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	1.26	13.58	8.28	2.69	354

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	12.69	17.55	0.42	0.49	0.86	-3.22
S&P BSE IT TRI	17.57	18.69	0.66	1.05	--	--
Equity: Sectoral-Technology	14.58	17.74	0.52	0.69	0.88	-1.49
Rank within category	5	3	5	5	3	5
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks	17
Top 10 Stocks (%)	89.31
Top 5 Stocks (%)	76.95
Top 3 Sectors (%)	95.46
Portfolio P/B Ratio	3.22
Portfolio P/E Ratio	15.03

Portfolio Aggregates

	Fund	Category
Average Mkt Cap (Rs Cr)	1,18,450	1,66,628
Giant (%)	77.29	75.87
Large (%)	3.58	4.94
Mid (%)	9.83	9.30
Small (%)	9.29	9.89
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
Infosys	Technology	20.06	49.61	21.89	46.32
Wipro	Technology	13.22	14.05	0.00	10.36
HCL Technologies	Technology	14.23	14.23	0.00	9.30
Tata Consultancy Services	Technology	26.11	12.14	0.00	6.28
L&T Infotech	Technology	23.57	15.45	4.58	4.69
Tech Mahindra	Technology	13.96	11.93	1.98	3.47
Bharti Airtel	Communication	--	2.56	0.00	2.56
Nucleus Software Exports	Technology	9.36	7.24	1.98	2.38
Hexaware Technologies	Technology	14.91	8.56	0.00	2.33
Cyient	Technology	8.56	5.15	0.00	1.63
Persistent Systems	Technology	15.93	1.62	0.00	1.62
TeamLease Services	Services	88.81	1.37	0.00	1.37
L&T Technology Services	Engineering	17.21	1.34	0.00	1.34
Oracle Fin Ser Software	Technology	16.90	9.10	1.15	1.15
eClerx Services	Services	8.20	1.07	0.00	1.07
Just Dial	Services	9.03	0.79	0.00	0.79
Entertainment Network	Services	59.19	0.45	0.00	0.15

Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio

As on 31-May-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.

Invest Now

2.07%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 58.1800

Dividend: ₹ 31.1300

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.

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

Exit Load

1% for redemption within 15 days

Fund House:	ICICI Prudential Mutual Fund
Launch Date:	03-Mar-2000
Return Since Launch:	9.03%
Benchmark:	S&P BSE IT TRI
Riskometer:	High
Type:	Open-ended
Assets:	₹ 354 Cr (As on 31-May-2020)
Expense:	2.69% (As on 31-May-2020)
Risk Grade:	--
Return Grade:	--
Turnover:	45.00%

Plan

Record Date

Dividend (₹ / Unit)

Dividend

20-Feb-2019

3.0989

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	20-Feb-2018	4.1000
	23-Feb-2017	2.7000
	19-Feb-2016	1.5000
	27-Feb-2015	3.0000
	21-Feb-2014	2.0000
	22-Feb-2013	2.0000

Fund News - 15-Feb-2019

Dividend Declared in Three Schemes of ICICI Prudential Mutual Fund
Fund News - 29-Oct-2018

Monthly SIP Amount changes in Schemes of ICICI Prudential Mutual Fund
Fundwire - 16-Aug-2018

Why are funds having high portfolio turnover
Fund News - 30-Jul-2018

Exit Load change in Seven Schemes of ICICI Prudential Mutual Fund
Fundwire - 17-May-2018

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ICICI Prudential Technology Fund

₹ 1.01 Lakh

₹ 1.47 Lakh

₹ 1.49 Lakh

₹ 2.91 Lakh

₹ 3.71 Lakh

₹ 7.47 Lakh

₹ 9.03 Lakh

₹ 1.26 Lakh

₹ 3.93 Lakh

₹ 7.39 Lakh

₹ 11.58 Lakh

₹ 23.02 Lakh

₹ 54.65 Lakh

₹ 1.45 Cr

Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Asset Allocation (%)

Concentration & Valuation

Portfolio Aggregates

Value Research Fund Style

Sector Allocation vis-à-vis Category

Top Holdings

Fund Manager

2.07%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

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