Investment Objective and Approach

The scheme seeks long term capital appreciation by investing in equity and equity related securities of technology and technology dependent companies. A large share of the AUM is 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.

The fund follows a focused investment approach targeting companies in the technology sector including:

- Information Technology Services companies

- Technology-dependent businesses

- Emerging technology companies with growth potential

- IT services, software, and hardware companies

This sector-specific strategy allows the fund to capitalize on India's technology sector growth while maintaining concentrated exposure to high-quality technology stocks.

Fund Manager

Vaibhav Dusad manages the ICICI Prudential Technology Fund. Vaibhav Dusad is a seasoned professional with over 15 years of extensive experience in the Indian public equity markets, currently serving as a Senior Fund Manager at ICICI Prudential Asset Management Company.

Key Qualifications and Experience:

- B.Tech, M.Tech and MBA qualified

- Over 15 years of experience of investing in Indian public equity markets and closely tracking multiple sectors - IT Services, Telecom, Internet, Textile, Business Services, Pharma and Healthcare

- Expertly manages a diverse portfolio that includes the ICICI Prudential Technology Fund, Focus 30, Export and Services, and Blue Chip Funds

Professional Background:

- Morgan Stanley - Research Analyst - June 2014 to December 2017

- HSBC - Research Analyst - November 2011 to April 2013

- Crisil Irevna - Research Analyst - October 2010 to October 2011

- Zinnov - Research Analyst - October 2009 to September 2010

Technology fund is the country's largest fund. It is currently ranked # 2 globally and best fund in India on 10 year basis.

About the Fund House (AMC)

ICICI Prudential Mutual Fund was started as a joint venture between ICICI Bank and Prudential Plc of the United Kingdom (UK) in 1993. Prudential Plc is one of the largest companies in the financial services space in the UK.

Key Highlights:

- ICICI Prudential Mutual Fund commenced operations after registering with SEBI, Securities and Exchange Board of India which is the capital market regulator in India

- Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry

- The AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of 3072 employees with a reach across over 350 locations reaching out to an investor base of 97 lakh investors (as on January 31st, 2024)

Business Scope:

- The AMC manages significant Assets under Management (AUM) in the mutual fund segment

- The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate

Financial Metrics (as of August 26, 2025):

- AUM: ₹14,424.08 Cr

- Latest NAV: ₹221.43

- Expense ratio: 0.96%

- Minimum SIP Investment: ₹100

- Minimum Lumpsum Investment: ₹5,000

Should I Invest in ICICI Prudential Technology Fund?

Investment Considerations:

Positives:

- Strong track record with experienced fund management

- Over the past five years, ICICI Prudential Technology Fund has delivered an annualised return of 31.10% as of 24-May-2025

- Large AUM indicating investor confidence

- Focus on India's growing technology sector

- Managed by seasoned fund manager with 15+ years experience

Important Considerations:

- 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

- But if you do invest, you must do so only through the SIP route

- Warning: Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years

- High sector concentration risk

- The ICICI Prudential Technology Direct Plan Growth is rated Very High risk

Tax Implications:

- If you redeem within one year, returns are taxed at 20%

- If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%

Exit Load:

- Exit load: 1% on or before 15 days, NIL after 15 days

This fund is suitable for investors with high risk tolerance, long investment horizon (7+ years), and strong conviction in India's technology sector growth potential. Consider SIP investments to average out market volatility.

FAQs

What is today's NAV of ICICI Prudential Technology Fund?

The latest NAV of ICICI Prudential Technology Fund is ₹221.43 as of August 26, 2025.

What is the AUM of ICICI Prudential Technology Fund?

The AUM of ICICI Prudential Technology Fund is ₹14,424.08 Cr as of August 26, 2025.

What is the expense ratio of ICICI Prudential Technology Fund?

The expense ratio of ICICI Prudential Technology Fund is 0.96% as of August 26, 2025.

What are the returns of ICICI Prudential Technology Fund since inception?

The scheme return performance since launch is 1037.29%. The fund was launched on January 1, 2013.

What is the minimum SIP amount to invest in ICICI Prudential Technology Fund?

The minimum SIP amount is ₹100.

How do I invest in ICICI Prudential Technology Fund?

You can invest through Allvest platform, directly from ICICI Prudential's website, or through registered mutual fund distributors. Online platforms offer convenient direct plan investments.

How to start a SIP in ICICI Prudential Technology Fund?

Register with Allvest, complete KYC verification, select the fund, choose SIP amount and frequency, and set up auto-debit instructions for seamless monthly investments.

How do I automate an SIP in ICICI Prudential Technology Fund?

Set up auto-debit mandate with your bank through Allvest platform. This ensures automatic monthly deduction and investment without manual intervention each month.

How can I withdraw/redeem my investment in ICICI Prudential Technology Fund?

Submit redemption request through Allvest platform or AMC website. Redemption proceeds are credited to your registered bank account within 3-4 working days.