The primary investment objective of the ICICI Prudential Technology Fund is to provide investors with a balanced approach to investing in technology, and the fund invests in companies that are expected to grow in importance in the industry over the next several years. The fund is managed by a team of experienced technology professionals with a track record of success, and the investment portfolio is made up of companies that are considered to be leaders in their industries. The fund offers investors an alternative to the large, established fund managers, and its diversified portfolio ensures that the fund is well positioned to take advantage of the market's changing dynamics.
ICICI Prudential Technology Fund vs Aditya Birla Sun Life Digital India Fund

If you're in the market for a fund that has been around since 2000, then you might want to check out the ICICI Prudential Technology Fund. It is one of the longest running mutual fund of its kind. Its performance is surprisingly good and its high yields and attractive exit load make it well suited to long-term investors.specsofelectronics.com

In a nutshell, the ICICI Prudential Technology Fund is an investment in the equity of the tech sector in India. It invests in a diverse group of companies, including those in the IT and telecom sectors, as well as those related to media and entertainment. Its long-term goals are to generate capital appreciation and income generation.

While it has been the fund of choice for a number of top notch investors, the ICICI Prudential Technology fund has seen its fair share of hiccups. The scheme is run by a pair of investment wizards: Sankaran Naren and Ashwin Jain. The fund is a mix of value and growth investing styles. The fund boasts of an impressive AUM of 372 crores. Its hefty expense ratio makes it a tad pricey, though.

The ICICI Prudential Technology Fund isn't the only fund focusing on technology. The Aditya Birla Sun Life Digital India Fund is another. It is a thematic-sector fund focusing on the IT and telecom industry. While both funds are impressive, the ICICI Prudential Technology is the better of the two for a variety of reasons. In terms of sheer size, the fund has a far superior track record. The AUM of the latter, on the other hand, is only 147 crores.

Although it doesn't get as much hype as the ICICI Prudential Technology Fund, the aforementioned Aditya Birla Sun Life Digital India fund has a lot to offer. Its stellar performance has earned it an AUM of Rs.147.02 crores, making it the country's fourth largest thematic-sector fund. Despite the high cost, the fund has managed to outpace the likes of Tata Motors, Reliance Industries, and Bharti Airtel in recent years.
ICICI Prudential Technology Fund's primary investment objective

The ICICI Prudential Technology Fund is a mutual fund that focuses on investing in IT and ITES sectors in India. The primary investment objective is to generate long term capital appreciation. Currently, the fund has an AUM of 8,693 (Cr).

The technology fund has some of the same features as other similar mutual fund products. It offers systematic investments in the IT sector, while also allowing for withdrawals and transfers. It is available to both existing and new investors. Its entry fee is a modest 5,000 rupees. The fund boasts of a stellar three-year performance, as well. It is also one of the more affordable equity funds in the market.

The ICICI Prudential Technology Fund was launched on March 3, 2000, and it has seen a resurgence in recent years. Its portfolio includes several companies that are leading in their fields, such as Infosys, iGate, and Reliance. It has also managed to garner a stellar three-year performance, which is only surpassed by the S&P BSE TECk Index - TRI. However, it is not without its drawbacks.

The fund's main drawback is its lack of diversification. It primarily invests in large, mid and small cap technology companies. Additionally, it does not offer the type of granular information that is often found in other similar types of funds. Its rebalancing scheme is not foolproof. In fact, it may not even be aligned with the fund's investment process. As such, it may be a good idea to consider other alternatives.

In addition, the fund's other offerings include a sharp fund and a thematic fund. The fund also has a slew of online services, including a mobile app. It also offers payments via debit cards and an online transfer option. The site is located in Shelton, CT, and it is not approved in all states. But that's just a minor nitpick. Despite its shortcomings, the ICICI Prudential Technology Fund is one of the more enticing options for a first time investor.
Taxation of returns

ICICI Prudential Technology Fund is a sector-oriented equity fund that invests in stocks of IT companies. The fund seeks to provide capital appreciation in the long term and also offer regular dividends. The fund holds investments in stocks under the Benchmark Index. However, it may also invest in other companies in the information technology services industry.

The returns of the ICICI Prudential Technology Fund are not guaranteed. The performance of the fund depends on the decisions taken by the fund manager. Moreover, it is recommended that you choose a long-term investment horizon of at least three years. This allows the investor to reduce the risk of loss and ensure predictable returns.

Depending on the investor's risk appetite, he/she can opt to invest in the technology fund as a lump sum or as a SIP. Upon selecting the investment method, the investor has to make a minimum investment of Rs. 5000 and visit the branch office to complete the KYC formalities. Afterward, he/she needs to fill in the online portal and upload the necessary documents. After doing so, the investor can start making a SIP or an outright purchase of corresponding units. The fund manager then invests the corpus in several stocks, and manages the fund.

The fund's returns are influenced by the market's volatility, as well as by the underlying stock prices. The prices of stocks may fluctuate due to volume changes in the stock markets, as well as the government's policies. Similarly, interest rates and other economic developments may affect the prices of the stocks. Hence, if you plan to invest in a technology fund, you should understand its taxation rules and regulations.

The ICICI Prudential Technology Fund's taxation rules apply to both short and long-term capital gains. The short-term capital gains are taxable at 15%, while the long-term capital gains are taxable at 10%. Additionally, the investor has to pay the applicable surcharge and cess. This means that the total income of the investor is reduced by the tax deduction.
AUM

The ICICI Prudential Technology Fund is an equity fund that invests in the stocks of IT companies in India. Its benchmark is the S&P BSE TECk Index. The scheme can be invested in the form of SIP and lump sum. The fund is also open for investments through MySIPonline. It has AUM of nearly three hundred crores. The performance of the fund has been quite good during the past few years. However, the returns are not guaranteed. Hence, investors must be able to handle the risk.

The fund manager for the scheme is Anish Tawakley. He has experience in capital markets and strategic consulting. He holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He has also worked with major organizations including Goldman Sachs Services Pvt. Ltd. and Kotak Mahindra Bank.

The co-managers for the scheme are Ashwin Jain and Sankaran Naren. They have over two decades of experience. He has also been working with ICICI Prudential AMC since April 2011. They have been involved in the development of several fund schemes and have worked on the performance of these schemes. They are also actively invested in the equity market.

The investment strategist for the fund is Rahul Goswami. He has a Bachelor's degree in science and MBA from Bhopal University. He has over two decades of experience in the finance industry. He has also consulted with several major organizations in the industry. He is a certified financial planner. He is associated with ICICI Prudential AMC for more than five years. He is currently involved with a fund which is domiciled in Japan.

Rohan Maru has been with the ICICI Prudential AMC since 2012. He has over ten years of experience in the field of investment. He is currently co-managing the ICICI Prudential Liquid ETF and the ICICI Prudential Overnight Fund. He is a qualified Chartered Accountant. He is also the CIO of the ICICI Prudential Savings Fund. He is also a member of the Investment Committee of the ICICI Prudential Mutual Fund.