This Sectoral Fund Has given Record 51.89% Returns In 1 Year, Good to Start SIP in 2022

Retail investor interest in the sectoral and thematic funds has grown as some of these products have had positive historical returns. We have provided insights into a sectoral fund from the well-known MF firm, ICICI Mutual Fund, in this article. Over the course of the year, the fund has produced positive returns.

ICICI Prudential Technology Fund - Direct Plan-Growth

NAV	Fund Size	Expense Ratio
₹169.92	₹ 7908.89 Cr	0.81%

NAV as on 09 February 2022

It is a and is medium-sized Sectoral-Technology mutual fund scheme from the house of ICICI Prudential Mutual Fund. Launched on 01 January 2013 almost 9 years back. ICICI Prudential Technology Direct Plan-Growth has Rs 7,909 Crores worth of AUM as of 31 December 2021. The fund has an expense ratio of 0.81%, which is lower than its category average expense ratio of 1.12%.

ICICI Prudential Technology Direct Plan-Growth returns of the last 1-year are 51.89%, which is double wheat its category average offers i.e, 24.27%. The fund's average yearly returns have been 26.85% since its inception. It is a highly risky fund for investments. However, the fund's ability to deliver consistent returns is equivalent to that of the majority of products in its class. Furthermore, it has an above-average ability to manage losses in a declining market.

Investors with excellent awareness of macro trends who like to place selected bets for better returns than other Equity funds might consider this product. At the same time, even if the overall market is performing well, fund investors can expect moderate to severe losses on their investments.

Returns and Performance

Lump Sum Returns 

On investment of Rs 10,000

1-Year	3-Year	5-Year	Since Inception
51.69%	37.99%	33.17%	26.84%

SIP Returns

On investment of Rs 10,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	19.27%	37.17%
2 Year	81.65%	69.44%
3 Year	112.64%	55.50%
5 Year	166.19%	40.31%

Portfolio

The fund is invested in Indian equities to the tune of 84.64%, with 55.55% in large-cap stocks, 7.6% in mid-cap stocks, and 14.94% in small-cap stocks. The fund has the majority of its money invested in the Technology, Communication, Services, Automobile, Engineering sectors. In comparison to other funds in the category, it has acquired less exposure in the Technology and Services sectors.

The fund's top 5 holdings are in Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Tech Mahindra Ltd., Wipro Ltd.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from MoneyControl. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.