ICICI Prudential Technology Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund remains heavily concentrated in IT software majors, with nearly half its portfolio in the sector, signaling conviction that large-cap tech will lead India's digital transformation. However, the month's shift toward cash and treasury instruments, coupled with meaningful cuts to Wipro and Infosys despite being core holdings, suggests the manager is becoming cautious on near-term valuations while trimming some of the largest bets. The addition of Pine Labs indicates selective interest in fintech plays within the broader technology theme.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹183.6500 | -4.17% | — | — | — | — | — |
| Regular Growth | ₹164.1800 | -4.23% | -11.58% | -18.77% | -16.33% | +8.12% | +8.23% |
| Direct IDCW | ₹112.1200 | -4.17% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
67
Top 5 Weight
41.49%
Top 10 Weight
53.80%
Active Share
—
Large Cap
45.81%
Gini
0.619
What Changed2026-03-31 → 2026-04-30
Holdings: 74 → 70+1 added−5 removed27 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Pine Labs Ltd | 0.25% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Infosys Ltd. INE009A01021 | 14.10% |
| 2 | Bharti Airtel Ltd. INE397D01024 | 12.57% |
| 3 | Tech Mahindra Ltd. INE669C01036 | 7.65% |
| 4 | TREPS | 5.72% |
| 5 | Mphasis Ltd. INE356A01018 | 4.04% |
| 6 | COFORGE Ltd. INE591G01025 | 3.12% |
| 7 | Cognizant Tech Solutions US1924461023 | 2.98% |
| 8 | HCL Technologies Ltd. INE860A01027 | 2.70% |
| 9 | LTIMindtree Ltd. INE214T01019 | 2.45% |
| 10 | Tata Consultancy Services Ltd. INE467B01029 | 2.11% |
| 11 | Sagility India Ltd INE0W2G01015 | 2.07% |
| 12 | Eternal Ltd. INE758T01015 | 1.96% |
| 13 | Bharti Hexacom Ltd. INE343G01021 | 1.93% |
| 14 | Swiggy Ltd INE00H001014 | 1.88% |
| 15 | Info Edge (India) Ltd. INE663F01032 | 1.76% |
| 16 | Indiamart Intermesh Ltd. INE933S01016 | 1.51% |
| 17 | Persistent Systems Ltd. INE262H01021 | 1.45% |
| 18 | Cash Margin - Derivatives | 1.32% |
| 19 | Mastek Ltd. INE759A01021 | 1.31% |
| 20 | Wipro Ltd. INE075A01022 | 1.28% |
Sector Allocation
It - Software47.7%
Telecom - Services14.6%
Retailing7.7%
It - Services7.3%
It Consulting & Other Services3.7%
Capital Markets3.2%
Commercial Services & Supplies2.1%
Aerospace & Defense1.2%
Financial Technology (Fintech)0.9%
Transport Services0.9%
Top 10 sectors by % to NAV. Excludes derivatives.