Icici Prudential Technology Fund Growth

This fund’s NAV is Rs 151.7, with an expense ratio of 1.76% as of October 20, 2023. In addition, this is a high-risk fund that invests in technology and other related sectors. Its investment in domestic equities is 95.71%. Its investment in large-cap stocks is 69.59%, while its investment in mid-cap stocks is 8.28% and small-cap stocks 11%. This fund has averaged 12.2% annually over 23 years. The minimum purchase application is ₹5,000 (plus multiples of re.1).

Key Parameters

Here are some key parameters of ICICI Prudential Technology Fund – Growth:

• Investment Objective: The fund seeks to accumulate long-term capital gains by purchasing equity and equity-related instruments of technology and technology-related firms.
• Expense Ratio: The fund expense ratio is 1.76 %.
• AUM: The fund had an AUM of ₹11,054 Crores as of September 30, 2023.
• NAV: As of October 20, 2023, NAV of ICICI Prudential Technology Fund – Growth is ₹151.7.
• Performance Rank: CRISIL says the fund performs average compared to its peers.
• Asset Allocation: The invested assets comprise 95.71% domestic equities, which are 69.59% large cap, 8.28% mid-cap and 11% small cap.
• Minimum Investment Horizon: This fund requires a minimum investment horizon of 5 years.

This fund is suitable for investors willing to invest for a minimum of 5 years and seeking high returns.

Taxation

Short-term Capital Gain Tax (STCG): If units are redeemed within one year of investment, the gains will be subject to a 15% tax rate.

Long-term Capital Gain Tax (LTCG): If units are redeemed after one year of investment, gains exceeding Rs. 1 lakh in a fiscal year will be taxed at a rate of 10%.

Dividend Income Tax: Dividend income from this fund will be added to the investor’s income and taxed based on their respective tax brackets.

Tax Deducted at Source (TDS): If the dividend income exceeds Rs. 5,000 in a financial year, the fund house will deduct a 10% tax at source.

Holdings

The top five investments held by ICICI Prudential Technology Fund – Growth are as follows:

• Infosys Ltd. – 10.44% of the portfolio.
• Tata Consultancy Services Ltd. – 9.92% of the portfolio.
• HCL Technologies Ltd. – 9.47% of the portfolio.
• Wipro Ltd. – 8.87% of the portfolio.
• Tech Mahindra Ltd. – 7.89% of the portfolio

Other notable investments include Persistent Systems Ltd., Mindtree Ltd., and Cyient Ltd., each comprising a smaller percentage of the portfolio.

Returns

The returns of ICICI Prudential Technology Fund – Growth have been tabulated below.

The Investment Objective of ICICI Prudential Technology Fund – Growth

• The fund’s main objective is to generate long-term capital appreciation by investing in equity and equity-related securities of technology and technology-related companies.
• This fund carries a very high level of risk and is suitable for investors with a minimum investment horizon of 3-4 years and seeking high returns.
• The current Net Asset Value (NAV) of this fund is ₹151.7 1.
• The expense ratio of the fund is 1.76%, which is higher than most other sectoral-technology funds.
• The fund manages assets worth ₹11,054 Crores, making it a medium-sized fund.

Minimum Investment and Lock-in Period

ICICI Prudential Technology Fund – Growth does not have a specified period during which the investment cannot be withdrawn.

If we talk about the minimum investment amount for this fund, it is ₹5,000 (plus in multiples of Re.1), whether it is a lump sum or SIP investment.

AMC Information

ICICI Prudential Technology Fund – Growth is a mutual fund scheme provided by ICICI Prudential Mutual Fund. Its main objective is to generate long-term capital appreciation by investing in equity and equity-related securities of technology and technology-related companies. This fund carries a very high level of risk and is suitable for investors with a minimum investment horizon of 3-4 years and seeking high returns. The current Net Asset Value (NAV) of this fund is ₹151.7. The expense ratio of the fund is 1.76%, which is higher than most other Sectoral-technology funds charge. The fund manages assets worth ₹11,054 Crores, making it a medium-sized fund.