ICICI Prudential Technology Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹183.2600 | -7.51% | — | — | — |
| Regular Growth | ₹163.8200 | -7.56% | -17.12% | +7.78% | +8.18% |
| Direct IDCW | ₹111.8800 | -7.51% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Technology Fund hold?
ICICI Prudential Technology Fund holds 67 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 41.49% of NAV.
What is the largest holding in ICICI Prudential Technology Fund?
The largest position in ICICI Prudential Technology Fund is Infosys Ltd., accounting for 14.10% of NAV in the It - Software sector.
Is ICICI Prudential Technology Fund a concentrated or diversified fund?
With a Gini coefficient of 0.619, ICICI Prudential Technology Fund is moderately concentrated. The HHI concentration index is 51,461 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 41.49% of the portfolio.
What is the market cap allocation of ICICI Prudential Technology Fund?
Based on SEBI's AMFI classification, ICICI Prudential Technology Fund's equity portfolio is split as: Large Cap: 45.81%, Mid Cap: 17.90%, Small Cap: 20.51%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Technology Fund invest in most?
ICICI Prudential Technology Fund has the highest allocation to It - Software (47.68%), Telecom - Services (14.56%), Retailing (7.71%). The fund is invested across 17 sectors in total.
How actively managed is ICICI Prudential Technology Fund compared to other Sectoral / Thematic funds?
ICICI Prudential Technology Fund has an Active Share of 82.91%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ICICI Prudential Technology Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Technology Fund added 1 new stock (including Pine Labs Ltd) and exited 5 stocks (including CYIENT DLM LTD). Total holding count decreased from 74 to 70 stocks.