ICICI Pru Technology Fund(D)

ICICI Pru Technology Fund(D)
Dividend Yearly
2.00  (As on 22-02-2013)
Category
Equity - Technology
52-week NAV high
62.10  (As on 07-02-2019)
52-week NAV low
54.23  (As on 22-10-2019)
Expense
2.85%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -1.43 -6.64 -2.78 -0.40 11.39 13.00 8.72 7.20 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Mar 03, 2000
Last Dividend
2.00
Minimum Investment
5000

ICICI Prudential Asset Management Company is established as a joint venture between the top-notch banking service provider in India, ICICI Bank, and one of the Indian financial market leaders, Prudential Plc. Since its inception, the company has maintained a good performance record and over time it has become an esteemed name in the mutual fund industry of the country. At present, its branches are spread across 200 places in India with more than 3 million investors. Till the month of June 2018, this reliable fund house has Rs.3,10,061 worth assets under its management. The dividend option of the ICICI Prudential Technology Fund – Dividend scheme entitles the investors to generate consistent income at regular intervals throughout the entire period of investment.

Investment Objective of ICICI Prudential Technology Fund

The prime motto of this scheme is to invest the money in equity and equity-linked instruments of technology as well as technology-based companies. It aims to offer high liquidity or regular income along with capital appreciation to the investors over a period of time at a relatively high associated risk.

Key Features of ICICI Prudential Technology Fund

The ICICI Prudential Technology Fund is suitable for investors who want to cash out from the potent equity market in India. The scheme comes with the below-mentioned features:

Type of fund

An open-ended equity scheme that makes investments in technology and other technology-oriented sectors

Plans available

Regular and Direct

Options under each plan

Growth and Dividend

Risk

High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for ICICI Prudential Technology Fund

Minimum application amount

Rs.5,000

Minimum additional investment

Rs.1,000

Minimum installment for Systematic Investment Plan (SIP)

  • Rs.5,000 for quarterly SIP, the number of minimum installments is 4
  • Rs.1,000 for monthly SIP, the number of minimum installments is 6

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500

Minimum balance to be maintained in the scheme

Rs.12,000 (For Flex and Value STP)

Entry Load

Not Applicable

Exit Load

1% of the Net Asset Value - If the units are switched out or redeemed before a holding period of less than 1 year from the date of allotment of the units.

Nil - If the units are switched out or redeemed after a holding period of more than 1 year from the date of allotment of the units.

Asset Allocation for ICICI Prudential Technology Fund

Type of Security

Indicative Allocation (% of total assets)

Risk Profile

Maximum

Minimum

Debt and money market instruments

20

0

Low to Medium

Equity and equity-linked instruments of companies other than those engaged in technology and technology-oriented sector

20

0

Medium to High

Equity and equity-linked instruments of companies engaged in technology and technology-based companies

100

80

High

NAV Disclosure and Benchmark for ICICI Prudential Technology Fund

NAV: The Net Asset Value (NAV) of the ICICI Prudential Technology Fund is obtained by dividing its net assets by the number of outstanding units on the date of valuation. The NAV of this scheme will be rounded off to 2 decimal places. It will be calculated and disclosed on every business day of the respective schemes unless there are any special circumstances.

Liquidity: The NAV will be updated in the official website of the AMFI at www.amfiindia.com and ICICI Prudential at www.icicipruamc.com by 9:00 p.m. in the evening on every working day. The scheme’s portfolio will also be disclosed by the company on its website on the last day of the month or before the 10th day of the next month on a monthly basis. Moreover, the NAV has to be sent to minimum two daily newspapers circulated across the country.

Benchmark: The benchmark index for the ICICI Prudential Technology Fund is S&P BSE Information Technology Index. The performance of the scheme will be benchmarked against the outcomes of this particular index to assess its gains and losses.

ICICI Prudential Technology Fund – Fund Managers

The ICICI Prudential Technology Fund is managed jointly by Sankaran Naren, Ashwin Jain, and Priyanka Khandelwal having rich experience. While Mr. Sankaran Naren, with about 27 years of experience in the financial services sector, has been handling the fund for more than 1 year since July 2017. Mr. Ashwin Jain with around 13 years of overall experience in the finance industry has been managing the fund for 1 year and 9 months since October 2016. Ms. Priyanka Khandelwal, who has been associated with the company for last 4 years as Deputy Manager Finance, is responsible for dedicatedly managing the foreign investments of its various schemes.

Dividend Policy of ICICI Prudential Technology Fund

The dividend plan of the ICICI Prudential Technology fund allows the investors to have a regular income as well as capital appreciation over a long investment period. This option is perfect for unitholders who want to get a sum of money at regular intervals while also growing their money gradually. Investors who choose the dividend option under this scheme will receive regular dividend payouts in the registered bank account.

Why Should You Invest in ICICI Prudential Technology Fund - Dividend?

Here are the benefits of investing in this equity fund scheme from ICICI Prudential:

  • Reliable option - Since its inception, ICICI Prudential Asset Management Company has grown tremendously and has become a respectable name in this sector. Hence, you can lay your trust on this fund house and can be worry-free after investing your hard-fund money in this scheme.
  • Investor-centric approach - The main goal of this company is to provide the best facilities and services to the investors to help them generate income as well as build wealth in the long term. Due to this investor-centric approach of the company, it makes a good option for the investors.

Investment as low as Rs.500: It allows the investors to invest as per their capacity. Through the SWP investment option, you can invest as low as Rs.500 in the fund units. Hence, instead of collecting a lump-sum amount, you can save a small amount every month to invest and gradually grow wealth.

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