December 30, 2025
RA Jainee
ICICI Prudential Technology Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 234.68 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 143.27 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE Teck TRI |
| AUM Rs. | 15,565 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.97% |
| 1 Year Return (%) | -1.70 |
| 3 Year Return (%) | 17.15 |
| 5 Year Return (%) | 17.45 |
| 10 Year Return (%) | 18.65 |
| Return Since Launch | 21.11% |
⚖️ Sahifund Review – ICICI Prudential Technology Fund
✓ PLUS: Long-term track record, sector leadership, benchmark outperformance
ICICI Prudential Technology Fund carries a strong long-term performance history, delivering over 21% returns since launch and consistently beating the BSE Teck TRI across cycles. The fund benefits from experienced fund management, disciplined stock selection, and exposure to India’s globally competitive IT leaders. Over longer periods (7–10 years), returns remain robust despite sharp interim volatility.
⚖️ MINUS: Pure sector risk, cyclicality, high volatility
This is a pure-play technology fund, making it vulnerable to global IT spending cycles, US recession fears, and currency swings. Recent 1-year underperformance highlights how quickly sentiment can reverse. Expense ratio is on the higher side for a sectoral fund, and diversification is inherently limited.
Sahifund Verdict:
Best used sparingly via SIP as a tactical satellite bet, not a core portfolio holding—only for investors with high risk appetite and 7+ year patience.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Technology funds in our opinion, because:
• They have a narrow focus on only information technology companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme will seek long term capital appreciation by investing in equity and equity related securities of technology and technology dependent companies. A large share of the AUM will be invested in the stocks under the Benchmark Index, however, the scheme may also invest in other companies which form a part of Information Technology Services Industry.
Fund Manager:
1) Vaibhav Dusad
Education : Mr. Dusad has done B.Tech, M.Tech and MBA
Experience : Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of ICICI Prudential Technology Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 21.11% |
| Benchmark | BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 15,565 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.97% |
| (As on 30-Nov-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 46.00% |
Trailing Returns (%) of ICICI Prudential Technology Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Technology Dir | -0.62 | -0.72 | 2.28 | 10.81 | 2.44 | -1.70 | 17.15 | 17.45 | 21.73 | 18.65 |
| BSE IT TRI | -12.03 | -0.80 | 2.24 | 12.53 | -1.26 | -12.81 | 11.24 | 11.00 | 17.15 | 15.10 |
| Equity: Sectoral-Technology | -4.28 | -0.70 | 1.19 | 10.03 | 0.87 | -4.85 | 18.46 | 17.74 | 21.71 | 18.49 |
| Rank within category | 5 | 10 | 9 | 8 | 7 | 8 | 5 | 3 | 2 | 2 |
| Number of funds in category | 19 | 21 | 21 | 21 | 21 | 19 | 7 | 5 | 5 | 5 |
Peer Comparison of ICICI Prudential Technology 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 Technology Dir | Unrated | -1.70 | 17.15 | 17.45 | 0.97 | 15,565 | 21.11 | 1.00 (15) | 12Y 11M | 46.00 |
| Tata Digital India Dir | Unrated | -8.26 | 17.61 | 17.77 | 0.43 | 12,085 | 19.09 | 0.25 (30) | 10Y | 9.16 |
| SBI Technology Opportunities Dir | Unrated | 2.37 | 19.72 | 19.68 | 0.89 | 5,130 | 20.66 | 0.50 (15) | 12Y 11M | 20.00 |
| ABSL Digital India Dir | Unrated | -4.46 | 16.33 | 16.69 | 0.79 | 4,849 | 20.31 | 1.00 (30) | 12Y 11M | 48.00 |
| Franklin India Technology Dir | Unrated | -0.18 | 25.71 | 17.13 | 1.07 | 1,957 | 19.22 | 1.00 (365) | 12Y 11M | 29.08 |
Portfolio Analysis of ICICI Prudential Technology Fund
| No. of Stocks | 70 |
| Top 10 Stocks | 57.89% |
| Top 5 Stocks | 41.08% |
| Top 3 Sectors | 94.38% |
| Portfolio P/B Ratio | 5.35 |
| Portfolio P/E Ratio | 28.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,70,630 | 2,87,212 |
| Giant (%) | 55.01 | 60.45 |
| Large (%) | 13.78 | 18.81 |
| Mid (%) | 23.12 | 16.78 |
| Small (%) | 7.98 | 9.67 |
| Tiny (%) | 0.10 | 0.12 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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