ICICI Pru Technology Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 231.22 -1.23(-0.529 %) NAV as on 09 Sep 2024
Scheme Objective: The primary investment objective of the Scheme is to seek to generate long-term capital appreciation by creating a portfolio that is invested in equity and equity related securities of technology and technology dependent company companies. However, there can be no assurance that the investment objectives of the Scheme will be realized.
Performance (As on 09 Sep 2024)
| 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|
| Scheme | 17.61 % | 36.80 % | 11.72 % | 29.19 % | 23.57 % |
| NIFTY 500 | 15.70 % | 34.92 % | 16.77 % | 21.35 % | N/A |
Portfolio
Sector funds focus their entire portfolio on one particular sector such as banking, infrastructure, or pharmaceuticals. These funds can have very high concentration in their top few stocks. A sector fund can deliver outsized returns compared to the market when the sector is in market favour during a rising market. These funds can be prolonged underperformers if markets donu2019t pick up the theme or if the sector is going through a bad patch. These funds require well-timed entry at the low point and an exit at the high point in order to see returns.
Sector funds suit investors with very high risk appetites, and who have the knowledge and ability to track sector performance.
