June 11, 2025
mayank
ICICI Prudential Nifty IT Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 13.3369
NAV IDCW: Rs 13.3434
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to invest in companies whose securities are included in Nifty IT Index and subject to tracking errors, to endeavor to achieve the returns of the above index.
Fund Manager:
1) Ajay Kumar Solanki
Education: Mr. Solanki has done B.Com, CA and CFA Level-III
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
2) Ashwini Shinde
Education: B.Com , M.Com , Inter CA
Experience: Prior to Joining the ICICI Pru Mutual Fund he has worked with ICICI Pru AMC Treasury Mutual Fund Operations,
3) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Nifty IT Index Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 18-Aug-22 |
| Return Since Launch | 10.78% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 523 Cr |
| (As on 31-May-2025) | |
| Expense | 0.37% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 35.00% |
Trailing Returns (%) of ICICI Prudential Nifty IT Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Nifty IT Index Dir | -10.51 | 1.67 | 7.37 | 2.53 | -14.22 | 12.80 | — | — | — | — |
| BSE IT TRI | -11.54 | 1.58 | 8.22 | 3.00 | -15.07 | 9.03 | — | — | — | — |
| Equity: Sectoral-Technology | -6.64 | 1.01 | 9.30 | 9.14 | -9.41 | 13.92 | — | — | — | — |
| Rank within category | 17 | 1 | 16 | 15 | 15 | 11 | — | — | — | — |
| Number of funds in category | 19 | 20 | 20 | 20 | 18 | 15 | 6 | 5 | 5 | 4 |
Peer Comparison of ICICI Prudential Nifty IT Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Nifty IT Index Dir | Unrated | 12.80 | — | — | 0.37 | 523 | 10.78 | — | 2Y 9M | 35.00 |
| Nippon India ETF Nifty IT | Unrated | 12.97 | 11.56 | — | 0.22 | 2,280 | 22.85 | — | 4Y 11M | 61.00 |
| ICICI Pru Nifty IT ETF | Unrated | 13.01 | 11.62 | — | 0.20 | 473 | 18.64 | — | 4Y 9M | 56.00 |
| ICICI Pru Technology Dir | Unrated | 15.77 | 15.80 | 31.20 | 0.97 | 13,900 | 21.72 | 1.00 (15) | 12Y 5M | 46.00 |
| Tata Digital India Dir | Unrated | 14.13 | 17.33 | 29.88 | 0.43 | 11,688 | 20.06 | 0.25 (30) | 9Y 5M | 12.41 |
Portfolio Analysis of ICICI Prudential Nifty IT Index Fund
| No. of Stocks | 10 |
| Top 10 Stocks | 99.52% |
| Top 5 Stocks | 77.63% |
| Top 3 Sectors | 99.52% |
| Portfolio P/B Ratio | 7.49 |
| Portfolio P/E Ratio | 26.29 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,66,655 | 2,99,089 |
| Giant (%) | 78.00 | 69.62 |
| Large (%) | 13.11 | 14.56 |
| Mid (%) | 8.89 | 13.73 |
| Small (%) | — | 5.55 |
| Tiny (%) | — | 0.12 |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Nifty IT Index Fund
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