📊 Equity Fund · Deep Analysis

ICICI Prudential Technology Fund

ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Equity

Current NAV ₹191.5000 (+0.02% today) As of 04 Jun 2026
1 Year Return -9.4%
3 Year CAGR +9.8% p.a.
5 Year CAGR +9.5% p.a.
AAUM ₹14.2K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,565 daily NAV records
Fund Overview

ICICI Prudential Technology Fund — Quick Summary

ICICI Prudential Technology Fund is India's largest technology sector fund by AUM at over ₹14,000 crore. The fund invests in Indian IT services companies — TCS, Infosys, Wipro, HCL Tech, Tech Mahindra — alongside select international technology holdings and mid-tier IT companies with specific growth drivers. ICICI Pru's research depth and global investment perspective support the fund's ability to identify opportunities across the technology value chain.

The fund has a unique feature — it can invest in international technology companies listed on overseas exchanges including US tech giants. This gives investors exposure to both Indian IT services (rupee-earning domestically, dollar-earning internationally) and global technology leaders that are not listed in India. The combination provides a more comprehensive technology investment than pure Indian IT funds.

Fund House
ICICI Prudential Mutual Fund
SEBI Category
Equity
Benchmark
Nifty IT TRI
Fund Manager
Vaibhav Dusad
AMFI Code
120594
Risk Level
Very High
NAV Records in DB
2,565 days
Quarterly Average AUM · Jan–Mar 2026
₹14.2K Cr
↓ Decreased by 6.9% vs Oct–Dec 2025 · ₹15.3K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Experienced investors with conviction on India's IT sector and global technology growth. Those using tech funds as satellite allocation. Investors who understand US economic sensitivity and can monitor global technology trends.
India's largest tech fund with ability to invest in international technology companies. ICICI Pru's comprehensive research across Indian IT and global technology. Covers the full tech value chain — IT services, software, cloud, semiconductors. Dollar-earning IT sector provides natural rupee depreciation hedge.
✗ Not Suitable For
Conservative or first-time investors. Those who cannot handle IT sector volatility — the fund fell 30%+ in 2022 during the global tech correction. Investors who want this as a primary equity fund.
Who Runs This Fund

Fund Manager

VD
Vaibhav Dusad
ICICI Prudential Mutual Fund · Managing since June 2020

Vaibhav Dusad is Fund Manager at ICICI Prudential Mutual Fund and manages the ICICI Prudential Technology Fund. He specialises in technology sector investing — covering Indian IT services companies, global technology companies listed in India, and the broader technology ecosystem including semiconductors, cloud infrastructure and software companies. His analytical depth in understanding technology business models and competitive dynamics is central to the fund's performance.

For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 120594
The official AMFI scheme code for ICICI Prudential Technology Fund Direct Growth is 120594. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
ICICI Prudential Technology Fund's international equity investments are subject to SEBI's overseas investment limits — which have constrained international allocation since 2022. Monitor the current international allocation as SEBI's restrictions continue to evolve. International investments also add currency risk — dollar-rupee movements affect returns.
Investment Objective
As per Scheme Information Document
To seek long term capital appreciation by investing predominantly in equity and equity related instruments of technology companies.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Technology Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
ICICI Prudential Technology Fund ▲ ₹191.50 ₹14.2K Cr Jan–Mar 2026 -9.4% +9.8% p.a. +9.5% p.a. 0.32
SBI Technology Opportunities Fund ₹214.35 ₹4.5K Cr Jan–Mar 2026 -8.3% +11.0% p.a. +11.8% p.a. 0.41
Aditya Birla Sun Life Digital India Fund ₹4.1K Cr Jan–Mar 2026
Franklin India Technology Fund ₹498.04 ₹1.7K Cr Jan–Mar 2026 -7.1% +14.6% p.a. +11.3% p.a. 0.77
HDFC Technology Fund ₹11.37 ₹1.5K Cr Jan–Mar 2026 -14.1%
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,565 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
+4.0%
3 MonthPoint-to-point
+3.5%
6 MonthPoint-to-point
-14.5%
1 YearPoint-to-point
-9.4%
3 YearCAGR
+9.8% p.a.
5 YearCAGR
+9.5% p.a.
10 YearCAGR
+16.4% p.a.
₹1 Lakh → 5YLump sum growth
₹149,504

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+166.6%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-30.9%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+49.7% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
+1.3% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
-1.2%
2024
+26.4%
2023
+28.5%
2022
-22.3%
2021
+77.8%
2020
+71.7%
2019
+3.2%
2018
+20.3%
2017
+20.7%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
24.1%
Positive in 72% of windows
Best: 166.6% · Worst: -30.9%
3Y Rolling Avg
23.1% p.a.
Positive in 100% of windows
Best: 49.7% · Worst: 1.3%
5Y Rolling Avg
26.3% p.a.
Positive in 100% of windows
Best: 37.7% · Worst: 9.2%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-35.1%
Feb 2020 → Mar 2020
Recovered: Jul 2020 (5 mos)
Current from Peak
-21.0%
All-time Peak: ₹249.99
Peak date: Dec 2024

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-24.1%
Sep 27, 2024 – Apr 7, 2025
Recovered: not yet
COVID-19 Crash
-35.1%
Feb 19 – Mar 23, 2020
Recovered: Jul 2020 (5 mos)
2022 Rate Hike Cycle
-28.3%
Jan 17 – Jun 17, 2022
Recovered: Dec 2023 (2yr 2mo)
2018 IL&FS Crisis
-11.3%
Aug 28 – Oct 26, 2018
Recovered: Feb 2020 (1yr 11mo)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
0.32
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
0.48
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
16.5%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what ICICI Prudential Technology Fund is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Equity Funds

See how ICICI Prudential Technology Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.