ICICI Prudential Technology Fund Vs Aditya Birla Sun Life Digital India Fund

ICICI Prudential Technology Fund and Aditya Birla Sun Life Digital India Fund both belong to the sectoral category of Equity Funds. Aditya Birla Sun Life Digital India Fund more precisely belongs to the thematic-sector funds. Both the schemes invest in the stocks of the companies that cater to the technology space in India. Being a sector fund, these funds carry high-risk, thus investors who are planning to invest in these schemes should be able to tolerate high-risk in their investment. Though both the scheme focuses on the technology space, there exists a numerous difference between them. Thus, to make a better investment choice between both the funds, we have done a comparison in regards to their AUM, NAV, past performances, SIP amount, etc.

ICICI Prudential Technology Fund

ICICI Prudential Technology Fund was launched in the year 2000. The fund belongs to the sectoral category of equity funds. ICICI Prudential Technology Fund aims at generating long-term Capital appreciation by Investing in equity and related securities of technology and technology dependent companies. Some of the top holdings of the scheme as on 30/06/2018 are Infosys Ltd, Larsen & Toubro Infotech Ltd, Tech Mahindra, HCL Technologies Ltd, Wipro Ltd, etc. The fund is jointly managed by Sankaran Naren and Ashwin Jain.

Aditya Birla Sun Life Digital India Fund (Erstwhile Aditya Birla Sun Life New Millennium Fund)

Aditya Birla Sun Life Digital India Fund (earlier known as Aditya Birla Sun Life New Millennium Fund) is a thematic Equity Fund. The aim of the fund is to provide long-term wealth growth to the investors through a Portfolio of 100 percent equity investments in technology and technology enabled /dependent companies. Ideally, investors who want to seek opportunity by investing in telecom, media, entertainment, technology, etc., can plan to invest in this fund. As on 30.06.2018, some of the top holdings of the fund are Infosys Ltd, Tech Mahindra Ltd, Larsen & Toubro Infotech Ltd, Sterlite Technologies Ltd, etc. Aditya Birla Sun Life Digital India Fund is managed by Kunal Sangoi. He has an overall experience of around eight years in the financial markets.

ICICI Prudential Technology Fund Vs Aditya Birla Sun Life Digital India Fund

Though these schemes belong to the same category, yet these schemes differ on various parameters. So, let us understand the parameters which are divided into four sections, namely, Basics Section, Performance Report, Yearly Performance Report, and Other Details Section.

Basics Section

This section compares the various elements such as Current NAV, Scheme Category, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes ICICI Prudential Technology Fund and Aditya Birla Sun Life Digital India Fund belong to the same category Equity Fund. With respect to the next parameter, that is, Fincash Rating, it can be said both the funds are rated as 2-Star. In case of Net Asset Value, ICICI Prudential Technology Fund's NAV as on 18th July, 2018 is INR 56.94 , whereas the NAV of Aditya Birla Sun Life Digital India Fund is INR 50.84. The table given below summarizes the details of basics section.

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time periods. With respect to performance, it can be said there is not much difference in the performance of both the schemes. However, in many instances, ICICI Prudential Technology Fund leads the race. The performance of both the schemes at different time periods is shown below as follows.

Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In certain situations, Aditya Birla Sun Life Digital India Fund has performed better than ICICI Prudential Technology Fund. While in some situations, the other scheme has performed better. The yearly performance of both the funds is tabulated as follows.

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, both the schemes have the same monthly SIP amounts, i.e., INR 1,000. In case of minimum lumpsum investment, the amount for both the schemes are different. For ICICI Prudential Technology Fund the minimum lump sum is INR 5,000 and for Aditya Birla Sun Life Digital India Fund is INR 1,000. The AUM of both the schemes are also different. As on 31st May, 2018, the AUM of ICICI Prudential Technology Fund is INR 372 crores, while of Aditya Birla Sun Life Digital India Fund is INR 147 crores. The table given below summarizes the other details for both the schemes.

Growth of 10k Investments over the years