ICICI Prudential Technology Fund for Sector Focused Investors
Are you an investor who is interested in investing in a sector focused fund, here is an opportunity for you by ICICI Prudential Mutual Fund in the form of ICICI Prudential Technology Fund. Launched on March 03rd, 2000, this conservative hybrid scheme helps an investor earn long-term capital appreciation through investment in equity and equity related instruments of companies belonging to sector IT and its dependent companies.
Who Should Invest in ICICI Prudential Technology Fund?
- This scheme is apt for investors who are willing to invest in the technology sector.
- Those who wish to add a scheme to their portfolio that allows them to invest in the owner’s fund of companies may invest in it.
- The risk involved in this scheme is high on the principal amount invested and therefore only aggressive investors should invest in it.
Asset Diversification of ICICI Prudential Technology Fund G
The assets under management as on September 30th, 2018, was Rs. 495 crore out of which investment made in equity and its related instruments is 86.07%, in debt is 8.52%, and in cash and cash equivalents is 5.41%. The investment in equity is further divided into giant cap, large cap, mid cap, and small cap with the percentage of assets allocated in them being 60.40%, 31.37%, 5.07%, and 3.17%, respectively.
The top ten companies in which it has invested majorly are Infosys, L&T Infotech, Tech Mahindra, HCL Technologies, and Cognizant Technology Solutions Corp. with the assets allocated in them being 32.39%, 12.78%, 9.34%, 8.80%, and 8.01% as on September 30th, 2018.
Performance Analysis of ICICI Pru Technology Fund G
This mutual fund scheme has yielded 36.35% returns in one year which is much more compared to its benchmark NIFTY IT TRI and its category. The three, five and seven year returns generated by this scheme are 10.34%, 15.27%, and 18.78%, respectively. In all the three scenarios it has yielded returns better than the other two. These rate of returns are as on October 30th, 2018.
Risk Analysis of ICICI Prudential Technology Fund Growth
The standard deviation of the scheme is 14.36 which is less than the SD of both its benchmark as well as the category. The Beta of the scheme is 0.77 which is equal to the Beta of the category. The SD shows that the scheme is likely to be less prone to fluctuations as compared to the other two. The Sharpe ratio of the scheme is 0.47 which is more than the benchmark and category. This indicates that the scheme is likely to yield better returns with the risk taken. These risk measures are as on September 30th, 2018.
You may invest in ICICI Prudential Technology Fund with a minimum investment amount of Rs. 5000 if you are a new investor. In case you are an existing investor than you may do so with Rs. 1000. You can invest in it both as SIP investment or via lump sum mode in mutual funds, to invest online simply log in to MySIPonline. Don’t forget to use the SIP calculator that will simplify the investment procedure for you. In case of any confusion or query that you might be having related to investment, consult the financial experts without any hesitation.