Investment Objective
ICICI Prudential Technology Fund aims to generate long term capital appreciation for its investors by investing in equity and equity related securities of technology dependent companies.
Investment Strategies
- The fund predominantly invests in equity and equity related securities of technology and technology dependent companies.
- It follows an active investment strategy.
- It may also opportunistically invest in companies forming part of Information Technology Services Products, Technology based Online Marketplaces, Technology Focused Financial companies (FINTECH).
- The indicative list of businesses that are considered by the fund as a part of the technology sector are:
- IT services, consulting and outsourcing companies
- IT hardware and/or software companies
- IT infrastructure providers like data centres, leased line providers etc.
- Fintech companies
- Internet companies
- Digital service providers
- Telecom, telecom application, telecom software & other infrastructure providers
- Media, media infrastructure, media content
- Data and data solutions providers
- The fund also intends to allocate a small portion of its net assets to companies other than those engaged in technology or technology dependent sectors.
- It may also invest a part of its net assets in overseas markets in Global Depository Receipts (GDRs), American Depository Receipts (ADRs), overseas equity, bonds and mutual funds and such other securities as may be permitted under the regulations from time to time, including securities issued by companies forming part of technology and technology related sectors.
- It may also engage in stock lending activities and may invest in derivatives such as Futures & Options and such other derivative instruments like Stock/Index Futures, Interest Rate Swaps, Forward Rate Agreements or such other derivative instruments as may be introduced and permitted by SEBI from time to time.
- The scheme may also invest in derivatives for hedging, portfolio balancing and other purposes, as may be permitted under the regulations.
Who Should Invest
ICICI Prudential Technology Fund is ideal for those investors who:
- are looking to predominantly invest in equity and equity related instruments of technology and technology dependent companies
- are aware that investing in sectoral funds carry higher risk than diversified equity funds