Should I invest in ICICI Prudential Technology Fund for next 5 yrs, due to good past performance ?

POSTED BY Jai ON February 22, 2014 10:11 am COMMENTS (3)

This sector fund allocation is in good IT companies like Infy, Wpipro, mindtree,Persistant, Tech M. The fund has been performing excellently for past 5 years compared to benchmark and peers. Fund Manager has not changed for last 6 years.

Although sector fund selection is always cautioned, looking at current scenario, would you recommend to invest in this fund for next 5 years investment horizon?

3 replies on this article “Should I invest in ICICI Prudential Technology Fund for next 5 yrs, due to good past performance ?”

  1. Sumit says:
    February 22, 2014 at 3:40 pm

    If you want maximum exposure to IT, but also not comfortable with a complete IT sector fund then ‘ICICI Prudential Exports and Other Services Fund’ could be a better option, which predominantly invests in export oriented sectors companies –> IT – 40%, Pharma 40%. You can have a look, and do your own research before investing.

    Thanks
    Sumit

    Reply
  2. ashalanshu says:
    February 22, 2014 at 1:44 pm

    Dear Tonsi, it’s your personal call to ride a sectoral fund.

    Thanks

    Ashal

    Reply
  3. Sumit says:
    February 22, 2014 at 11:01 am

    IT funds should be performing good for next couple of years, but you know the risk associated with any sector fund. So, you have to monitor it more actively , and do periodic profit booking to maximize opportunities.

    SBI IT fund does not have any exit load.

    Reply

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