ICICI Prudential Technology Fund Direct Plan Growth
Equity
Direct
Sector - Technology
NAV: ₹ 185.65 as on 30-04-2024
Fund Performance
38571 people have invested ₹ 11.9Cr in ICICI Prudential Technology Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 1 year, Franklin India Technology Fund Direct Growth has given 61.45% return, outperforming this fund by 29.26%.
This fund with AUM at ₹11977.27Cr is among the largest funds in the sector - technology category.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 19.34% return, outperforming this fund by 2.86% per annum.
In the last 5 years, this fund has outperformed all funds in its category.
Over the last 1 year, this fund has increased expense ratio by 10.8% moving from 0.83 to 0.92.
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 1.22%.
INDmoney Rank
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Pros
5Y returns in the top 25% of the category
Among most bought funds within the category
Larger AUM within category
Cons
3Y returns in the bottom 25% of the category
About the ICICI Prudential Technology Fund Direct Plan Growth
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
- ICICI Prudential Technology Fund Direct Plan Growth has ₹11977 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Overview
 | 0.92% |
 Benchmark | S&P BSE IT |
 | ₹11977 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 63.79% |
ICICI Prudential Technology Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
70%
Small cap
13.6%
Mid cap
11%
Sector Allocation
Tech
77.5%
Communication
15.4%
Industrial
4%
Consumer Cyclical
2.6%
Consumer Defensive
0.4%
Basic Materials
0%
Top Holdings of ICICI Prudential Technology Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings58
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -4.53% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 4.07% in Mar'24
AUM Change
- AUM of the fund stands at 12K Cr as of Mar'24
- AUM decreased by 246.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd Partly Paidup | 15.6% |
 Bharti Airtel Ltd | 9.5% |
 Zensar Technologies Ltd | 0.4% |
Top Losers | 1M Return |
|---|---|
 HCL Technologies Ltd | -10.9% |
 Infosys Ltd | -4.1% |
 Tata Consultancy Services Ltd | -1.2% |
Peer Analysis
Fund Manager
Vaibhav Dusad
Fund Manager of ICICI Prudential Technology Fund Direct Plan Growth, since 2 May 2020
Top funds managed
ICICI Prudential Technology Fund Direct Plan Growth 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 22.04% since inception which is less than its category average return of 26.62%
Fund Allocations
This fund has an allocation of 96.26% in Equity, 0% in Debt and 3.74% in Cash related instruments
AUM size ₹11977 Cr
This fund has AUM of ₹11977 Cr which is more than its category average of ₹ 3044 Cr
Expense Ratio 0.92%
This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.24%
Frequently Asked Questions
The current NAV of ICICI Prudential Technology Fund Direct Plan Growth is ₹185.65 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
ICICI Prudential Technology Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.87% | -1.87% |
6 Month Returns | 14.52% | 14.52% |
1 Year Returns | 32.19% | 32.19% |
3 Years Returns | 58.05% | 16.48% |
5 Years Returns | 191.58% | 23.87% |
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0.92% as on April 2024
₹11977 Cr as on April 2024
Infosys Ltd(22.5%), Tata Consultancy Services Ltd(15.28%), Bharti Airtel Ltd(8.38%), HCL Technologies Ltd(6.86%), Tech Mahindra Ltd(5.45%) as on April 2024
Tech(74.61%), Communication(14.78%), Industrial(3.88%) 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 | - | - | - |
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 | - | - | - |
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 | - | - | - |
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.
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%