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ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 43/100 · Weak
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)-2.91%
- Expense ratio (20%)0.4%
- AUM (15%)₹468 Cr
Not investment advice — an analytical read of public fund data. Methodology →
ICICI Prudential Mutual Fund · Equity · Sectoral
₹10.16
AUM: ₹467 Cr
NAV updated 5 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.4%
Exit Load
Nil
Fund Manager
Nishit Patel
Inception
Aug 2022
Benchmark
NIFTY IT Total Return Index
Sharpe Ratio
-0.78
Std Dev (1Y)
25.57%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-6.4%
3m
+3.66%
6m
-1.4%
1y
-17.99%
3y
-2.91%
5y
—
10y
—
since inception
+0.62%
TopFund's Take on ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth lags behind most of its peers in the Sectoral category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 43/100.
Cost: At 0.4%, the expense ratio is meaningfully cheaper — about 60% below the Sectoral category average of 0.99% (based on 469 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.78 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 25.57% annualised volatility, this is among the more turbulent funds in the Sectoral space — expect sharp swings in both directions.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
The current NAV (Net Asset Value) of ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is ₹10.16. NAV is updated every business day after market close by AMFI.
1Y: -17.99% · 3Y CAGR: -2.91%
The expense ratio of ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is 0.4% per annum. This is the annual fee charged by the fund to manage your investment.
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is managed by Nishit Patel at ICICI Prudential Mutual Fund.
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is a Sectoral fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth is ₹468 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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