Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
ICICI Prudential Nifty IT Index Fund
|
Very High
|
Please wait... |
0.89 |
|||
Very High
|
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0.22 |
||||
Very High
|
Please wait... |
0.20 |
||||
Very High
|
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1.75 |
||||
Very High
|
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1.68 |
₹433 Cr
--
1,000
--
1,000
6
Investment Strategy
The scheme seeks to invest in companies whose securities are included in Nifty IT Index and subject to tracking errors, to endeavor to achieve the returns of the above index.
Suitability
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
Capital Gains Taxation
Dividend Taxation
ICICI Prudential Nifty IT Index Fund is mandated to invest at least 80 per cent of its assets in the shares of companies in the information technology sector. Being passively managed, it replicates the portfolio of its chosen benchmark index.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Nifty IT Index Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Nifty IT Index Fund is ₹13.2581 as of 14-Aug-2024.
The AUM of ICICI Prudential Nifty IT Index Fund Fund is ₹433 Cr as of 31-Jul-2024
The riskometer level of ICICI Prudential Nifty IT Index Fund is Very High. See More
Company | Percentage of Portfolio |
---|---|
28.56
|
|
24.72
|
|
9.67
|
|
9.28
|
|
7.91
|
As of 31-Jul-2024, ICICI Prudential Nifty IT Index Fund had invested 99.74% in Equity and 0.26% in Cash & Cash Eq. See More
ICICI Prudential Nifty IT Index Fund is 1 years 12 months old. It has delivered 15.21% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
27.94%
|
--
|
--
|
--
|
--
|
15.21%
|
No, There is no lock in period in ICICI Prudential Nifty IT Index Fund.
The expense ratio of ICICI Prudential Nifty IT Index Fund is 0.89.