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Useful articles for your finance management by our team of experts

Mutual Fund Review – ICICI Pru Technology

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Fund Name: ICICI Pru Technology (G)

Crisil Rank: NA

Category: Equity – Technology

Expense Ratio: 2.87%

Risk Level: High

Benchmark: S&P BSE IT

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.

Returns (Annualized)

1-Year3-Year5-Year
44.35%18.12%37.31%

Our Review

ICICI Pru technology (G) has made its inception in the year 2000. Since inception, it has generated returns of 8.44% annualized. It has managed to beat the benchmark index comprehensively in the 1, 3 and 5 year returns category.

Top 5 holdings of the fund include Infosys, Mindtree, Persistent Systems, Wipro and CBLO. The fund invests in technology enabled companies. Returns of the fund in the past 5 years have been phenomenal due to growth of the IT sector. Top 10 stocks which constitute 90% of the portfolio have made this fund a winner.

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