ICICI Prudential Technology Fund Direct Plan Growth
Equity
Direct
Sector - Technology
NAV: ₹ 148.3 as on 30-05-2023
Fund Performance
46183 people have invested ₹ 12Cr in ICICI Prudential Technology Fund Direct Plan Growth in the last three months
Fund Insights
In the last 1 year, SBI Technology Opportunities Fund Direct Growth has given 11.61% return, outperforming ICICI Prudential Technology Fund Direct Plan Growth by 8.27%
In the last 3 years, ICICI Prudential Technology Fund Direct Plan Growth has outperformed all funds in its category
In the last 5 years, ICICI Prudential Technology Fund Direct Plan Growth has outperformed all funds in its category
Over the last 1 month, ICICI Prudential Technology Fund Direct Plan Growth has increased expense ratio by 14.5% moving from 0.83 to 0.95
ICICI Prudential Technology Fund Direct Plan Growth has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.26%
ICICI Prudential Technology Fund Direct Plan Growth with AUM at ₹9940.01Cr is among the largest funds in the sector - technology category
INDmoney Rank
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Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Among most bought funds within the category
Cons
No bad points found for this fund.
About the Fund
ICICI Technology Fund invests in IT stocks listed with Indian stock exchanges with the fund’s objective being to generate returns for its clients by investing in the technology space. The fund invests in companies which are focused on innovation, R&D and are stalwarts in the technology space.This fund is suitable for investors who are willing to take higher risks and have a long-term investment horizon. The fund invests in firms such as KPIT, Tech Mahindra, Wipro and HCL.
Key parameters
1) ICICI Prudential Technology Fund Direct Plan Growth has a NAV of ₹148.29 as on 30-05-2023.
2) ICICI Prudential Technology Fund Direct Plan Growth has ₹9940 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.
3) The fund has an expense ratio 0.95 %.
ICICI Prudential Technology Fund Direct Plan Growth Overview
 | 0.95% |
 Benchmark | S&P BSE IT |
 | ₹9940 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 78.76% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
83.1%
Small cap
7.9%
Mid cap
6.8%
Sector Allocation
Tech
78.9%
Communication
15.2%
Industrial
2.9%
Energy
1.6%
Consumer Cyclical
1.2%
Consumer Defensive
0.2%
Financial Services
0%
Top Holdings of ICICI Prudential Technology Fund Direct Plan Growth as on (30-Apr-23)
Equity Holdings45
ICICI Prudential Technology Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -1.95% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund underperformed Nifty 500 by 1.22% in Apr'23
AUM Change
- AUM of the fund stands at 10.1K Cr as of Mar'23
- AUM increased by 1.1K Cr between Mar'23 and Feb'23
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Technology Fund Direct Plan Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 5.1% |
 Wipro Ltd | 4.6% |
 Tata Consultancy Services Ltd | 0.6% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
 Tech Mahindra Ltd | -7.2% |
 HCL Technologies Ltd | -3.1% |
Peer Analysis
ICICI Prudential Technology Fund Direct Plan Growth Fund Manager
Vaibhav Dusad
Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 2 May 2020
Top funds managed
Sharmila D’mello
Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 30 June 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.54% since inception which is less than its category average return of 89.08%
Fund Allocations
This fund has an allocation of 97.8% in Equity, 0% in Debt and 2.2% in Cash related instruments
AUM size ₹9940 Cr
This fund has AUM of ₹9940 Cr which is more than its category average of ₹ 3765 Cr
Expense Ratio 0.95%
This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.17%
Frequently Asked Questions
The current NAV of ICICI Prudential Technology Fund Direct Plan Growth is ₹148.29 as on 30-May-2023.
Existing (Absolute + CAGR) as on 30-May-2023.
ICICI Prudential Technology Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.38% | 5.38% |
6 Month Returns | -3.73% | -3.73% |
1 Year Returns | 3.34% | 3.34% |
3 Years Returns | 169.24% | 39.12% |
5 Years Returns | 164.76% | 21.5% |
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0.95% as on April 2023
₹9940 Cr as on April 2023
Infosys Ltd(27.63%), Tata Consultancy Services Ltd Shs Dematerialised(18.04%), Bharti Airtel Ltd(9.21%), HCL Technologies Ltd(7.98%), Tech Mahindra Ltd(6.24%) as on April 2023
Tech(77.21%), Communication(15.15%), Industrial(2.36%) as on January 1
The alpha ratio for the ICICI Prudential Technology Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Technology Fund Direct Plan Growth | 0.72 | 10.81 | 4.76 |
As on April 2023
The alpha for ICICI Prudential Technology Fund Direct Plan Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Technology Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Technology Fund Direct Plan Growth | 0.98 | 1.07 | 1.06 |
As on April 2023
The Beta for ICICI Prudential Technology Fund Direct Plan Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Technology Fund Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Technology Fund Direct Plan Growth | -1.07 | 1.29 | 0.7 |
As on April 2023
The sharpe ratio for ICICI Prudential Technology Fund Direct Plan Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Technology Fund Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Technology Fund Direct Plan Growth | 14.32 | 23.36 | 21.85 |
As on April 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.69 as on April 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.71 as on April 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Vaibhav Dusad, Sharmila D’mello are the fund managers of ICICI Prudential Technology Fund Direct Plan Growth
The Exit load of ICICI Prudential Technology Fund Direct Plan Growth is 1%