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. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 43/100.

Cost: At 0.44%, the expense ratio is meaningfully cheaper — about 58% below the Sectoral category average of 1.05% (based on 338 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 -1.15 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 24.27% annualised volatility, this is among the more turbulent funds in its 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.