ICICI Pru Technology Fund(G)

View the direct plan of this scheme

Rs 205.39   1.32(0.647 %) NAV as on 19 Nov 2024
Prime Rating: Unrated
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 13,495.32
Fund category:
Sector Funds
Fund manager(s):
Vaibhav Dusad
Benchmark:
BSE TECk Index - TRI
Minimum investment:
₹ 5000
Launch date:
03 Mar 2000
Min. additional investment:
₹ 1000
Expense ratio:
1.75 %
Exit load:
1% on or before 15D, NIL after 15D

Scheme Objective: The primary investment objective of the Scheme is to seek to generate long-term capital appreciation by creating a portfolio that is invested in equity and equity related securities of technology and technology dependent company companies. However, there can be no assurance that the investment objectives of the Scheme will be realized.


Performance (As on 19 Nov 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme20.85 % 31.63 % 7.52 %28.97 % 13.00 %
NIFTY 5004.07 % 24.82 % 12.85 %17.77 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
Infosys Ltd.
22.22%
Tata Consultancy Services Ltd.
11.72%
Bharti Airtel Ltd.
8.54%
HCL Technologies Ltd.
5.43%
Larsen & Toubro Infotech Ltd.
5.43%
Tech Mahindra Ltd.
4.73%
Zomato Ltd.
2.95%
Wipro Ltd.
2.83%
Persistent Systems Ltd.
2.3%
Mphasis Ltd.
1.83%

About this category

Sector funds focus their entire portfolio on one particular sector such as banking, infrastructure, or pharmaceuticals. These funds can have very high concentration in their top few stocks. A sector fund can deliver outsized returns compared to the market when the sector is in market favour during a rising market. These funds can be prolonged underperformers if markets dont pick up the theme or if the sector is going through a bad patch. These funds require well-timed entry at the low point and an exit at the high point in order to see returns.

Suitability

Sector funds suit investors with very high risk appetites, and who have the knowledge and ability to track sector performance.

Taxation
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