EQUITY FUNDS
Technology Fund - Equity Mutual Funds - ICICI Prudential

ICICI Prudential Technology Fund

Technology has slowly but surely started taking control of our daily lives. From keeping in touch with our friends and family, to paying our bills, to providing us with an infinite array of information at our fingertips, the future lies within it.


Sector funds enable spiking a diversified portfolio with sharper sectoral focus; thereby enhancing the investor's potential to gain from superior performance in a focused area. By focusing on technology, this sector fund tries to reap the benefits of the technological advancements and the communication revolution that our world is undergoing.


ICICI Prudential Technology Fund is an open-ended equity fund that invests in knowledge sectors like IT and IT Enabled Services, Media, Telecommunications and others.

Investment Philosophy

This fund adopts a 'Bottom-up' strategy, to identify and pick its investments and in the interest of retaining diversification across companies in the sector, the fund retains a 10% cap on a single company, as is the case for diversified equity funds. A smaller allocation to other sectors is permitted purely for defensive considerations.

Key Benefits

  • It allows an investor to allocate his equity assets in accordance to his sectoral preference and implement his views on the sector.
  • Provides an option to diversify in terms of style, into a sharp, focused, thematic fund.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An equity fund that predominantly invests in equity and equity related securities of technology and technology dependent companies.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open - ended Sectoral Fund

Plan

Regular & Direct

Options

Growth & Dividend

Default Option

Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

A) Lumpsum Investment Option : (a) 1% of applicable NAV if the amount sought to be redeemed or switched out is invested upto 1 year from the date of allotment.(b) Nil if the amount sought to be redeemed or switched out is invested for more than 1 year from the date of allotment.
B) SIP/STP Option : (a) 1% of applicable NAV if the amount sought to be redeemed or switched out is invested upto 2 year from the date of allotment.(b)Nil if the amount sought to be redeemed or switched out is invested for more than 2 years from the date of allotment.

Redemption Cheques Issued

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Minimum Rs.1,000 + 5 post - dated cheques for a minimum of Rs.1000 each Quarterly : Minimum Rs. 5000 + 4 post - dated cheques of Rs. 5000 each Exit Load (w.e.f. 24-8-09): (a) If the amount,sought to be redeemed or switched out, is invested for a period of upto two years ? 1%; (b) If the amount, sought to be redeemed or switched out, is invested for a period of more than two years ? Nil.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiples of Re1/-



Fund Manager

Mrinal Singh(Managing this fund since Aug 2009 & Overall 11 years of experience)

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