ICICI Prudential Technology Fund Direct Plan Growth

About ICICI Prudential Technology Fund - Direct Plan - Growth

The main objective of ICICI Prudential Technology Fund is to provide capital appreciation to the investors by investing in the securities of companies operating in the field of technology. This fund has set the S&P BSE Information Technology index as the benchmark.

Pros and Cons of ICICI Prudential Technology Fund - Direct Plan - Growth

By investing in this fund, the investors will get a diversified portfolio of stocks of companies in the technology sector. However, on the flip side, the risk of concentration is on the higher side as the asset allocation is made only towards the technology sector.

##Fund Information and Statistics

i) Inception/Launch Date ICICI Prudential Technology Fund was launched on 13 January 2013.

ii) Risk Level The risk level is more as compared to large-cap and multi-cap funds as this fund invests heavily in one sector. You are compensated in the form of potential to earn higher returns when the sector is doing well.

iii) Redemption As ICICI Prudential Technology Fund is an open-ended fund, you can place redemption requests any time. However, you have to be aware of the exit load and tax implications on capital gains before redeeming.

iv) Fund Manager Mr Vaibhav Dusad and Mr Sankaran Naren are the fund managers of the ICICI Prudential Technology Fund.

v) Entry/Exit Load There is no entry load levied as per the SEBI’s mandate. You are charged with an exit load of 1% for redemption requests placed within 15 days of investment.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund registered itself with the Securities and Exchange Board of India in June 1993 with ICICI Prudential Trust Limited as the trustee and Prudential Plc and ICICI Bank Limited as the sponsors. It is now a leading mutual fund house in the country and had assets of worth Rs 3.61 lakh crore under its management as of December 2019.