Performance Review: ICICI Prudential Technology Fund

Performance Review: ICICI Prudential Technology Fund

Siddhi Sharma
/ Categories: Mutual Fund, MF Unlocked

ICICI Prudential Mutual Fund came up with its technology sector dedicated fund in March 2000. Indeed, it was quite the right time to launch such a fund as the technology sector was booming. This fund pre-dominantly invests in the stocks of the information technology sector. The fund is an open-ended equity-oriented sectoral fund. Therefore, in this article, we will take a look at the performance of the ICICI Prudential Technology Fund.

 

Source: Value Research

The graph shows that fund is outperforming its benchmark S&P BSE IT TRI. Comparing the performance of the fund with its peers makes more sense. As of now, there are only five funds in this space.

The table below compares the performance of the scheme with its peers:

Trailing returns (per cent)

Fund Name

1-year Return

3-year Return

5-year Return

AUM (in cr.) (as of 31st Oct 2021)

ICICI Prudential Technology Fund – Dir

83.53 per cent

42.87 per cent

33.05 per cent

₹6,887

Tata Digital India Fund – Dir

81.73 per cent

40.20 per cent

32.53 per cent

₹3,842

Aditya Birla Sun Life Fund Digital India Fund– Dir

76.61 per cent

41.36 per cent

32.15 per cent

₹2,658

SBI Technology Opportunities Fund

73.67 per cent

37.84 per cent

28.76 per cent

₹1,891

Franklin India Technology Fund - Dir

48.19 per cent

34.09 per cent

26.84 per cent

₹721

 

As we can see in the above table ICICI prudential Technology fund, Aditya Birla Sun Life Digital India Fund and Tata Digital India Fund are performing good overall.  

Top 5 holdings of ICICI Prudential Technology Fund:

Company Name

Assets%

Infosys

21.69

Tata Consultancy Services

9.38

HCL Technologies

9.24

Tech Mahindra

8.87

Persistent Systems

5.82

 

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