ICICI Prudential Technology Fund Direct Plan Growth
ICICI Prudential Technology Fund Direct Plan Growth

ICICI Prudential Technology Fund Direct Plan Growth

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Equity
Direct
Sector - Technology

NAV: ₹ 148.3 as on 30-05-2023

Fund Performance
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46183 people have invested ₹ 12Cr in ICICI Prudential Technology Fund Direct Plan Growth in the last three months

Fund Insights

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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%

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In the last 3 years, ICICI Prudential Technology Fund Direct Plan Growth has outperformed all funds in its category

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In the last 5 years, ICICI Prudential Technology Fund Direct Plan Growth has outperformed all funds in its category

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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

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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%

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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

Expense ratio
Expense ratio
0.95%
Benchmark
Benchmark
S&P BSE IT
AUM
AUM
₹9940 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
78.76%

Fund Distribution as on (30-Apr-23)

  • Equity 97.8%

  • Debt & Cash 2.2%

Size breakup

Large cap
83.1%
Small cap
7.9%
Mid cap
6.8%

Sector Allocation

Mar'23

Feb'23

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

Equity Holdings45

ICICI Prudential Technology Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
-1.95%
-1.95%
-1.22%
Nifty 500
-0.73%
-0.73%
-2.22%
  • 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

Parameters
Mar'23
Feb'23
AUM
₹ 10.1K Cr
₹ 9K Cr
  • 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)

ICICI Prudential Technology Fund Direct Plan Growth Fund Manager

Vaibhav Dusad

Vaibhav Dusad

Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 2 May 2020
Sharmila D’mello

Sharmila D’mello

Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 30 June 2022

Fund 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 21.54% since inception which is less than its category average return of 89.08%
Fund Allocations

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

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%

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%