ICICI Prudential Asset Management Company is a joint venture between ICICI, one of the largest banks in the country and Prudential Plc, one of the major players in the financial services sector in the UK. Over the course of time, the company has managed to reach a very respectable position in the mutual fund industry in the country.
Investment Objective of ICICI Prudential Technology Fund - Growth
The main objective of the scheme is to make investments in a portfolio invested in equity and its related securities of technology as well as technology-dependent companies.
Key Features of ICICI Prudential Technology Fund - Growth
Some of the key features of ICICI Prudential Technology Fund - Growth have been listed in the table below:
Type of fund | Open-ended equity scheme making investments in technology and its related 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 - Growth
Minimum application amount | Rs.5,000 |
Minimum additional investment | Rs.1,000 |
Minimum installment for Systematic Investment Plan (SIP) |
|
Minimum installment for Systematic Withdrawal Plan (SWP) | Rs.500 |
Entry Load | Not Applicable |
Exit Load |
|
Asset Allocation for ICICI Prudential Technology Fund - Growth
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 related securities of companies other than those engaged in technology and technology dependent companies | 20 | 0 | Medium to High |
Equity and equity related securities of companies engaged in technology and technology dependent companies | 100 | 80 | High |
Who can invest in ICICI Prudential Technology Fund - Growth
The following entities can make investments in ICICI Prudential Technology Fund - Growth fund:
- Residents of India, either single or jointly (not more than four)
- Non-Resident Indians (NRIs)
- Parent or guardian investing on behalf of minors
- Partnership firms
- Hindu Undivided Families (HUFs)
- Banks and other financial institutions
- Public Sector Undertakings, Companies, bodies of individuals, and societies that have been registered under the Societies Registration Act, 1860
- Mutual fund schemes
- Scientific research organisations
- Navy, Army, Air Force, and other para-military institutions
- Foreign Portfolio Investors (FPI) subject to regulations that are applicable
- Charitable and religious trusts that are eligible to make investments in some securities under the Income Tax Act, 1961
NAV Disclosure and Benchmark for ICICI Prudential Technology Fund - Growth
The NAV of the fund will be disclosed at the end of every business day. The NAV will be accessible in all the customer service centers of the asset management company. The Net Asset Value will have to be published in at least two daily newspapers that have circulation all over the country. The Asset Management Company will also display the NAV in the website of the AMC (www.icicipruamc.com) and the AMFI website (www.amfiindia.com). The NAV of the scheme will have to be updated by the Asset Management Company on the AMFI website and the AMC website before 9:00 p.m. every business day.
ICICI Prudential Technology Fund - Growth Fund Manager
Sankaran Naren, Ashwin Jain, and Priyanka Khandelwal are the fund managers of the scheme.
Investment Restrictions of ICICI Prudential Technology Fund - Growth
Some of the investment restrictions of ICICI Prudential Technology Fund have been listed below:
- More than 10% of the Net Asset Value of the scheme may not be invested in debt instruments that comprise money and non-money market instruments that have been issued by a single issuer. The investment limit in this case can be extended to 12% of the NAV of the scheme provided prior approval has been received from the Board of directors and the Board of Trustees of the AMC.
- More than 10% of any company’s paid up capital carrying voting rights may not be owned by the fund under all its schemes.
- More than 10% of the Net Asset Value of the scheme may not be invested in unrated debt instruments that have been issued by a single issuer. The total investment in this case should not exceed 25% of the Net Asset Value of the scheme.
- There is an option provided to transfer investments from one scheme to another in the same mutual fund. This is however subject to some terms and conditions.
- Securities shall be purchased or transferred in the name of the mutual fund if the investments are meant to be long-term in nature.
- No investments shall be made by the scheme in fund of fund schemes.
- More than 10% of the Net Asset Value of the scheme may not be invested in equity and its related instruments of any one company.
- More than 5% of the Net Asset Value of the scheme may not be invested in unlisted equity shares or their related instruments if it is an open-ended scheme.
- Regulations that are applicable for investment of mutual funds may be followed by the scheme from time to time.
Dividend Policy of ICICI Prudential Technology Fund - Growth
Under the growth option, the scheme will not be declaring any dividends. All the income earned by the scheme will be reinvested in the scheme itself. This will reflect in the Net Asset Value of the scheme. This option will be suitable for investors who are looking for long-term capital appreciation and not expecting a regular source of income from these funds.
Other Facilities under ICICI Prudential Technology Fund - Growth
Some of the special features of ICICI Prudential Technology Fund - Growth have been listed below:
- Systematic Investment Plan (SIP)
- SIP Top Up Facility
- National Automated Clearing House Platform in Systematic Investment Plan (SIP)
- Systematic Investment Plan Plus (SIP Plus)
- Systematic Withdrawal Plan
- Systematic Transfer Plan
- Value STP
- Flex STP
Why should you invest in ICICI Prudential Technology Fund - Growth
ICICI Prudential Asset Management Company has grown substantially ever since its inception, starting with 2 locations and 6 employees and increasing now to more than 1900 employees across 200 locations. There are more than 3 million investors who have invested in ICICI Prudential funds. The company thrives by following an investor-centric approach, putting the needs of the investor first and making sure that they achieve their investment objectives.
- Icici Pru All Seasons Bond Fund Adp Direct Plan
- Icici Pru All Seasons Bond Fund Adp
- Icici Pru All Seasons Bond Fund Annual Dividend Direct Plan
- Icici Pru All Seasons Bond Fund Annual Dividend
- Icici Pru All Seasons Bond Fund B Direct Plan
- Icici Pru All Seasons Bond Fund B
- Icici Pru All Seasons Bond Fund Dividend Direct Plan
- Icici Pru All Seasons Bond Fund Dividend
- Icici Pru All Seasons Bond Fund Dp Direct Plan
- Icici Pru All Seasons Bond Fund Growth Direct Plan
- Icici Pru All Seasons Bond Fund Growth
- Icici Pru All Seasons Bond Fund Prem Growth
- Icici Pru All Seasons Bond Fund Quarterly Dividend Direct Plan
- Icici Pru All Seasons Bond Fund Quarterly Dividend P Direct Plan
- Icici Pru All Seasons Bond Fund Quarterly Dividend
- Icici Pru All Seasons Bond Fund Ret Growth
- Icici Pru All Seasons Bond Fund Ret Quarterly Dividend
- Icici Pru All Seasons Bond Fund Wdp Direct Plan
- Icici Pru All Seasons Bond Fund Wdp
- Icici Pru All Seasons Bond Fund Weekly Dividend Direct Plan
- Icici Pru All Seasons Bond Fund Weekly Dividend
- Icici Pru Bond Fund Quarterly Dividend Direct Plan
- Icici Pru Bond Fund Quarterly Dividend P Direct Plan
- Icici Pru Bond Fund Quarterly Dividend
- Icici Pru Credit Risk Fund Adp Direct Plan
- Icici Pru Credit Risk Fund Adp
- Icici Pru Credit Risk Fund Annual Dividend Direct Plan
- Icici Pru Credit Risk Fund Annual Dividend
- Icici Pru Credit Risk Fund B Direct Plan
- Icici Pru Credit Risk Fund B
- Icici Pru Credit Risk Fund Growth Direct Plan
- Icici Pru Credit Risk Fund Growth
- Icici Pru Credit Risk Fund Hd Direct Plan
- Icici Pru Credit Risk Fund Hd
- Icici Pru Credit Risk Fund Hdp Direct Plan
- Icici Pru Credit Risk Fund Qp
- Icici Pru Credit Risk Fund Quarterly Dividend Direct Plan
- Icici Pru Credit Risk Fund Quarterly Dividend P Direct Plan
- Icici Pru Credit Risk Fund Quarterly Dividend
- Icici Pru Equity And Debt Fund Annual Dividend Direct Plan
- Icici Pru Equity And Debt Fund Growth
- Icici Pru Equity And Debt Fund Hdp Direct Plan
- Icici Pru Equity And Debt Fund Hdp
- Icici Pru Equity And Debt Fund Mdp
- Icici Pru Equity And Debt Fund Monthly Dividend Direct Plan
- Icici Pru Equity Savings Fund Growth Direct Plan
- Icici Pru Equity Savings Fund Growth
- Icici Pru Equity Savings Fund Hd Direct Plan
- Icici Pru Equity Savings Fund Hd
- Icici Pru Equity Savings Fund Hdp
- Icici Pru Equity Savings Fund Mdp
- Icici Pru Equity Savings Fund Monthly Dividend Direct Plan
- Icici Pru Equity Savings Fund Monthly Dividend
- Icici Pru Equity Savings Fund Quarterly Dividend Direct Plan
- Icici Pru Equity Savings Fund Quarterly Dividend P
- Icici Pru Equity Savings Fund Quarterly Dividend
- Icici Pru Exports And Services Fund Dividend Direct Plan
- Icici Pru Exports And Services Fund Dividend
- Icici Pru Exports And Services Fund Dp Direct Plan
- Icici Pru Exports And Services Fund Dp
- Icici Pru Exports And Services Fund Growth Direct Plan
- Icici Pru Exports And Services Fund Growth
- Icici Pru Focused Equity Fund Dividend Direct Plan
- Icici Pru Focused Equity Fund Dividend
- Icici Pru Focused Equity Fund Dp Direct Plan
- Icici Pru Focused Equity Fund Growth Direct Plan
- Icici Pru Focused Equity Fund Growth
- Icici Pru Gilt Fund B Direct Plan
- Icici Pru Gilt Fund Dividend Direct Plan
- Icici Pru Gilt Fund Dividend
- Icici Pru Gilt Fund Dp Direct Plan
- Icici Pru Gilt Fund Dp
- Icici Pru Gilt Fund Growth Direct Plan
- Icici Pru Gilt Fund Growth
- Icici Pru Large And Mid Cap Fund Dividend
- Icici Pru Large And Mid Cap Fund Dp Direct Plan
- Icici Pru Large And Mid Cap Fund Dp
- Icici Pru Midcap Select Etf
- Icici Pru Smallcap Fund Dividend Direct Plan
- Icici Pru Smallcap Fund Dividend
- Icici Pru Smallcap Fund Dp Direct Plan
- Icici Pru Smallcap Fund Dp
- Icici Pru Smallcap Fund Growth Direct Plan
- Icici Pru Smallcap Fund Growth
- Icici Pru Smallcap Fund Institutional Growth
- Icici Prudential Ultra Short Term Direct Plan Monthly Dividend Option
- Icici Prudential Ultra Short Term Monthly Dividend Option
- Icici Prudential Ultra Short Term Plan Fortnightly Dividend Payout Direct Plan
- Icici Prudential Ultra Short Term Plan Premium Daily Dividend Option
- Icici Prudential Ultra Short Term Plan Quarterly Dividend Option
- Icici Prudential Ultra Short Term Plan Retail Daily Dividend Option
- Icici Prudential Ultra Short Term Plan Retail Fort Nightly Dividend Option
- Icici Prudential Ultra Short Term Plan Retail Quarterly Dividend Option
- Icici Prudential Ultra Short Term Plan Retail Weekly Dividend Option
- Icici Prudential Ultra Short Term Weekly Dividend Option
- Icici Prudential Us Bluechip Equity Fund Dividend Option
- Icici Prudential Us Bluechip Equity Fund Dividend Payout Direct Plan
- Icici Prudential Us Bluechip Equity Fund Regular Plan Dividend Payout
- Icici Prudential Value Discovery Fund Direct Plan Dividend Option
- Icici Prudential Value Discovery Fund Direct Plan Growth Option
- Icici Prudential Value Discovery Fund Dividend Payout Direct Plan
- Icici Prudential Value Discovery Fund Dividend
- Icici Prudential Value Discovery Fund Growth Option
- Icici Prudential Value Discovery Fund Regular Plan Dividend Payout
- Icici Prudential Value Fund Series 9 Dividend Option
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
GST rate of 18% applicable for all financial services effective July 1, 2017.