This Mutual Fund Has Given 31.41% Annualized Returns In 3 Years SIP, Major Holdings In Infosys

Investing in tech stocks can raise the risk for investors' portfolios, however, it boosts returns. Although the risk is unavoidable, investing in rapidly expanding IT companies is a very efficient approach to increase returns in an economy with low-interest rates. Investing in the sectoral fund, which invests in IT stocks is an easy way to invest in sectoral funds with less risk factors.

ICICI Prudential Technology Fund is one such fund that invests in technology. It has major holdings in IT stocks. Check out the fund and its details to know more about the fund.

ICICI Prudential Technology Fund - Direct Plan

This is a sectoral-Technology Fund that was launched on March 03, 2000, this is a more than 22 years fund. It is an open-ended equity mutual fund scheme. By investing in equity and equity-related instruments of technology and technology-dependent enterprises, the fund aims to achieve long-term financial appreciation. A major portion of the AUM will be invested in the equities covered by the Benchmark Index. The fund invests primarily in technology sector stocks such as Infosys. The fund is classified as risky for investing as it is an equity fund.

Fund Details

Assets Under Management (AUM) for the fund is Rs 8772.49 crore, and its expense ratio is 0.71%, which is less than its category average expense ratio. The Net Asset Value (NAV) of the fund as of July 05, 2022, is Rs. 139.7 per share. S & P BSE Teck Tri is the fund's benchmark.

 
 You can start investing in this fund via SIP or Lump Sum investment. For Lump-Sum investment, the minimum required amount is Rs 5,000 and Rs 100 for SIP. For additional investment, the minimum required amount is Rs 1000. Here, there is no lock-in period applicable, however, it charges 1% for redemption within 15 days of the investment.

Annualised Returns

Lump-Sum Returns

It has given negative returns in 1 year.

1 Year	2 Year	3 Year	5 Year
-0.01%	52.19%	32.13%	27.62%

SIP Returns

1 Year	2 Year	3 Year	5 Year
-25.91%	15.99%	31.41%	27.84%

Portfolio

The fund has a major holding in domestic equities, nearly 89.97%, out of which 73.61% is in Large Cap stocks, 6.12% is in Mid Cap stocks, and 7.46% is in Small Cap stocks. The fund has 0.34% investment in Debt, of which 0.34% in Government securities. It has major holdings in the technology sector, followed by communication, and services. 

Major Investments in IT Sector

As the name suggests, the major holding of this fund has in the technology sector, primarily in IT stocks. It has major holdings, almost 30% in Infosys. Other than IT stocks holdings includes HCL technologies, Tech Mahindra, Wipro, Tata Consultancy Services, Mphasis, MindTree, Birlasoft and a few others. 

Top IT Stock Holdings as on May 31, 2022

IT Stocks	% Assets
Infosys	30.43%
HCL technologies	9.44%
Tech mahindra	9.09%
Wipro	8.20%
Tata Consultancy Services	7.58%

Source- Value Research
 

Disclaimer

Mutual funds investment are subject to market. Read all terms & conditions carefully before investment. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.