ICICI Prudential Technology Fund Direct Plan Growth

ICICI Prudential Technology Fund Direct Plan Growth

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Equity
Direct
Sector - Technology
NAV: ₹ 189.45 as on 23-05-2024

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 ₹11790 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.
Fund Performance
zero opening, trading, fund transfer fee
34468 people have invested ₹ 10.2Cr in ICICI Prudential Technology Fund Direct Plan Growth in the last three months

Overview

Expense ratio
Expense ratio
0.92%
Benchmark
Benchmark
S&P BSE IT
AUM
AUM
₹11790 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
63.79%

ICICI Prudential Technology Fund Direct Plan Growth Distribution as on (30-Apr-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Size breakup

Large cap
70.9%
Small cap
14.7%
Mid cap
11.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
76.4%
Communication
15.8%
Industrial
4%
Consumer Cyclical
3.3%
Consumer Defensive
0.4%

Top Holdings of ICICI Prudential Technology Fund Direct Plan Growth as on (30-Apr-24)

  • Equity

Equity Holdings59

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
-1.87%
-4.53%
1.53%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at -1.87% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund underperformed Nifty 500 by 4.33% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 11.8K Cr
₹ 12K Cr
₹ 12.2K Cr
  • AUM of the fund stands at 11.8K Cr as of Apr'24
  • AUM decreased by 186.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 3 years, Franklin India Technology Fund Direct Growth has given 20.35% return, outperforming this fund by 4.71% per annum.
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In the last 5 years, Aditya Birla Sun Life Digital India Fund Direct Plan Growth has given 25.49% return, outperforming this fund by 0.14% per annum.
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This fund with AUM at ₹11790.33Cr is among the largest funds in the sector - technology category.
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Over the last 1 year, this fund has increased expense ratio by 10.8% moving from 0.83 to 0.92.
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This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.92% which is lower than the category average expense ratio of 1.23%.
Insights icon
In the last 1 year, Franklin India Technology Fund Direct Growth has given 53.78% return, outperforming this fund by 25.29%.

INDmoney Rank

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Pros

Among most bought funds within the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration

Cons

3Y returns in the bottom 25% of the category

Fund Manager

Vaibhav Dusad
Vaibhav Dusad
Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 2 May 2020

ICICI Prudential Technology Fund Direct Plan Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 22.12% since inception which is less than its category average return of 26.5%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.86% in Equity, 0% in Debt and 2.14% in Cash related instruments
AUM size ₹11790 Cr

AUM size ₹11790 Cr

This fund has AUM of ₹11790 Cr which is more than its category average of ₹ 2999 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions

The current NAV of ICICI Prudential Technology Fund Direct Plan Growth is ₹189.45 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
ICICI Prudential Technology Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.3%
1.3%
6 Month Returns
9.76%
9.76%
1 Year Returns
29.97%
29.97%
3 Years Returns
56.14%
16.01%
5 Years Returns
214.54%
25.76%
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0.92% as on April 2024
₹11790 Cr as on April 2024
Infosys Ltd(22.36%), Tata Consultancy Services Ltd(15.11%), Bharti Airtel Ltd(8.79%), HCL Technologies Ltd(6.41%), Tech Mahindra Ltd(5.51%) as on April 2024
Tech(74.78%), Communication(15.44%), Industrial(3.96%) as on April 2024
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
3.02
3.98
5.68
As on April 2024
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
1
1
1.08
As on April 2024
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
1.67
0.63
0.85
As on April 2024
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
13.28
18.59
22
As on April 2024
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 0.98 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.9 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Vaibhav Dusad is the fund manager of ICICI Prudential Technology Fund Direct Plan Growth
The Exit load of ICICI Prudential Technology Fund Direct Plan Growth is 1%