ICICI Prudential Technology Fund vs Kotak Pioneer Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential Technology Fund is a Thematic fund and Kotak Pioneer Fund is a Thematic fund. In the 3 years to 29-10-2026, ICICI Prudential Technology Fund (Direct) returned 8.3% a year and Kotak Pioneer Fund (Direct) returned 20.0% a year. ICICI Prudential Technology Fund charges 1.21% a year and Kotak Pioneer Fund 0.63% (Direct plans). Their portfolios overlap 9.7%: they hold 11 of the same securities.
ICICI Prudential Technology Fund
Thematic
- 3 year return
- 8.3%
- Expense ratio
- 1.21%
- NAV
- ₹205.84
Which is better, ICICI Prudential Technology or Kotak Pioneer? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Pioneer returned more over 5 years: 13.9% a year against 4.0%.
- Kotak Pioneer returned more over 3 years: 20.0% a year against 8.3%.
- Kotak Pioneer costs less: 0.63% a year against 1.21% (Direct plans).
- Kotak Pioneer swung less over 3 years: a standard deviation of 12.9% a year against 16.9%.
- ICICI Prudential Technology fell less in its worst fall since 06-11-2019: −35.1% against −35.7%.
- Kotak Pioneer holds 16.3% of the fund in foreign stocks; ICICI Prudential Technology 5.7%.
- ICICI Prudential Technology holds more in large companies: 44.8% of the fund in large caps against 25.3%.
- ICICI Prudential Technology is the larger fund: ₹12,505 Cr against ₹4,295 Cr.
- Their portfolios overlap 9.7%: 11 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Technology Fund | Kotak Pioneer Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹12,505 Cr (30-09-2026) | ₹4,295 Cr (30-09-2026) |
| NAV | ₹205.84 (Direct) | ₹37.63 (Direct) |
| Expense ratio (Direct) | 1.21% | 0.63% |
| Expense ratio (Regular) | 1.87% | 1.90% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Teck TRI | 85% Nifty 500 TRI + 15% MSCI ACWI Information Technology Index TRI |
| Launch date | 03-03-2000 | 31-10-2019 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Vaibhav Dusad, Sharmila D'silva | Harish Bihani |
| Exit load | 1% of applicable Net Asset Value – If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment. | 0.5% for redemption within 90 Days |
ICICI Prudential Technology vs Kotak Pioneer: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Technology Fund (Direct) | +8.35% | +0.04% | +8.41% | −9.15% | +8.32% | +4.04% | +18.05% |
| Kotak Pioneer Fund (Direct) | −3.23% | −1.53% | +6.34% | +4.04% | +19.97% | +13.89% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Technology vs Kotak Pioneer: Year-wise Returns
| Year | ICICI Prudential TechnologyICICI Prudential Technology | Kotak PioneerKotak Pioneer |
|---|---|---|
| 2026to date | −11.81% | +6.63% |
| 2025 | −1.16% | +7.70% |
| 2024 | +26.38% | +30.41% |
| 2023 | +28.53% | +38.70% |
| 2022 | −22.28% | −6.89% |
| 2021 | +77.76% | +38.48% |
ICICI Prudential Technology vs Kotak Pioneer: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of ICICI Prudential Technology Fund
Rolling returns
Every 3-year holding period, 981 of them, one for each trading day from 07-11-2022 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Technology Fund (Direct)
Kotak Pioneer Fund (Direct)
BSE TECK TRI
to
Mar 2023Nov 2020
to
Nov 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Technology | 0.0 | 2.1 | 20.7 | 25.6 | 18.9 | 10.1 | 22.6 | 18.3% | 15.2% | 3.2% | 48.9% | 100% |
| Kotak Pioneer | 0.0 | 0.0 | 0.0 | 0.4 | 21.2 | 59.5 | 18.9 | 22.6% | 22.0% | 14.2% | 38.4% | 92% |
| BSE TECK TRI | 0.0 | 7.2 | 24.5 | 38.6 | 11.3 | 13.1 | 5.2 | 13.1% | 11.8% | 0.7% | 33.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE TECK TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 06-11-2019. Past returns do not promise future returns.
ICICI Prudential Technology vs Kotak Pioneer: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-11-2019 to 29-10-2026: 84 instalments, ₹8,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential TechnologyICICI Prudential Technology Fund (Direct) | ₹8,40,000 | ₹12,88,685 | ₹4,48,685 | 12.0% |
| Kotak PioneerKotak Pioneer Fund (Direct) | ₹8,40,000 | ₹16,56,286 | ₹8,16,286 | 19.1% |
ICICI Prudential TechnologyICICI Prudential Technology Fund (Direct)
Kotak PioneerKotak Pioneer Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Technology vs Kotak Pioneer: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Technology Fund (Direct) | Kotak Pioneer Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.15% | +4.04% |
| Standard deviation | 17.68% | 13.48% |
| Sharpe ratio | -0.81 | -0.09 |
| Sortino ratio | -1.11 | -0.12 |
| Maximum drawdown | −25.1% (30-03-2026) | −13.1% (30-03-2026) |
| Beta | 0.89 | -- |
| Alpha | −1.44% | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Technology Fund (Direct) | Kotak Pioneer Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.32% | +19.97% |
| Standard deviation | 16.92% | 12.91% |
| Sharpe ratio | 0.14 | 1.08 |
| Sortino ratio | 0.20 | 1.53 |
| Maximum drawdown | −28.0% (30-03-2026) | −19.3% (07-04-2025) |
| Beta | 0.91 | -- |
| Alpha | +1.95% | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Technology Fund (Direct) | Kotak Pioneer Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.04% | +13.89% |
| Standard deviation | 17.33% | 13.61% |
| Sharpe ratio | -0.10 | 0.59 |
| Sortino ratio | -0.14 | 0.82 |
| Maximum drawdown | −29.1% (17-06-2022) | −21.7% (20-06-2022) |
| Beta | 0.92 | -- |
| Alpha | +0.71% | -- |
From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Technology Fund (Direct) | Kotak Pioneer Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.61% | +20.88% |
| Standard deviation | 17.70% | 15.66% |
| Sharpe ratio | 0.71 | 1.01 |
| Sortino ratio | 1.01 | 1.38 |
| Maximum drawdown | −35.1% (23-03-2020) | −35.7% (23-03-2020) |
| Beta | 0.89 | -- |
| Alpha | +5.74% | -- |
From daily NAVs, 02-01-2013 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Technology Fund (Direct)
Kotak Pioneer Fund (Direct)
BSE TECK TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Technology Fund (Direct) | −35.1% | 19-02-2020 | 23-03-2020 | 16-07-2020 | 4 months | −17.7% |
| Kotak Pioneer Fund (Direct) | −35.7% | 17-01-2020 | 23-03-2020 | 04-08-2020 | 4 months | −6.5% |
| BSE TECK TRI | −31.1% | 19-02-2020 | 23-03-2020 | 15-07-2020 | 4 months | −19.2% |
From daily values since 06-11-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Technology Fund (Direct)
Kotak Pioneer Fund (Direct)
BSE TECK TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Technology Fund (Direct)
Kotak Pioneer Fund (Direct)
BSE TECK TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Technology Fund (Direct)
Kotak Pioneer Fund (Direct)
BSE TECK TRI
Against BSE TECK TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Technology Fund (Direct) | 108% | 89% | 7.12% |
| Kotak Pioneer Fund (Direct) | 67% | 19% | 18.81% |
From month-end values since 06-11-2019. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential Technology vs Kotak Pioneer: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Technology Fund, September 2026; Kotak Pioneer Fund, September 2026
Holdings in common
- Overlap
- 9.7%
- Held by both
- 11
- Only in ICICI Prudential Technology
- 52
- Only in Kotak Pioneer
- 42
| Security | % of ICICI Prudential Technology | % of Kotak Pioneer |
|---|---|---|
| Eternal Ltd. | 2.50% | 5.53% |
| Bharti Hexacom Ltd. | 2.23% | 2.05% |
| Info Edge (India) Ltd. | 1.89% | 1.79% |
| Swiggy Ltd | 1.82% | 0.92% |
| PB Fintech Ltd. | 0.89% | 1.53% |
| Physicswallah Ltd. | 0.91% | 0.50% |
| Cyient Ltd. | 2.02% | 0.48% |
| Capillary Technologies India Ltd. | 0.26% | 2.15% |
| Brainbees Solutions Ltd. | 0.71% | 0.25% |
| Shadowfax Technologies Ltd | 0.05% | 0.69% |
| Tracxn Technologies Ltd | 0.01% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.7% means 9.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Technology Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 13.47% |
| Infosys Ltd. | 9.28% |
| Tech Mahindra Ltd. | 8.38% |
| Mphasis Ltd. | 4.39% |
| HCL Technologies Ltd. | 4.21% |
Largest holdings only in Kotak Pioneer Fund
| Security | % of fund |
|---|---|
| INDO-MIM LTD | 4.92% |
| LENSKART SOLUTIONS LIMITED | 3.65% |
| ASTER DM HEALTHCARE LTD | 2.94% |
| ADITYA INFOTECH LIMITED | 2.90% |
| ICICI BANK LTD. | 2.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Technology | Kotak Pioneer |
|---|---|---|
| Equity | 98.3% | 93.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 6.5% |
Market cap of stocks
| Market cap | ICICI Prudential Technology | Kotak Pioneer |
|---|---|---|
| Large Cap | 44.8% | 25.3% |
| Mid Cap | 19.7% | 26.6% |
| Small Cap | 28.0% | 19.6% |
| Foreign stocks | 5.7% | 16.3% |
| Not on AMFI's list | 0.0% | 5.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Technology | Kotak Pioneer |
|---|---|---|
| It - Software | 46.5% | 0.0% |
| Overseas Mutual Fund | 0.0% | 16.3% |
| Telecom - Services | 16.1% | 2.0% |
| Retailing | 8.1% | 15.9% |
| It - Services | 9.3% | 0.0% |
| Industrial Manufacturing | 0.0% | 7.8% |
| Healthcare Services | 0.7% | 6.8% |
| Automobiles | 0.0% | 4.5% |
| Auto Components | 0.0% | 4.5% |
| It Consulting & Other Services | 4.2% | 0.0% |
| Capital Markets | 3.4% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Technology vs Kotak Pioneer: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Technology Fund | Kotak Pioneer Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.21% | 0.63% |
| Base expense ratio (Direct) | 0.89% | 0.48% |
| Total expense ratio (Regular) | 1.87% | 1.90% |
| Base expense ratio (Regular) | 1.46% | 1.57% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Technology with
ICICI Prudential Technology Fund vs Kotak Pioneer Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Technology Fund and Kotak Pioneer Fund?
ICICI Prudential Technology Fund is a Thematic fund, Kotak Pioneer Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 9.7%. ICICI Prudential Technology Fund charges 1.21% a year and Kotak Pioneer Fund 0.63%.
Which has given higher returns, ICICI Prudential Technology Fund or Kotak Pioneer Fund?
Over 1 year: ICICI Prudential Technology Fund −9.15%, Kotak Pioneer Fund +4.04%. Over 3 years: ICICI Prudential Technology Fund +8.32% a year, Kotak Pioneer Fund +19.97% a year. Over 5 years: ICICI Prudential Technology Fund +4.04% a year, Kotak Pioneer Fund +13.89% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Technology Fund or Kotak Pioneer Fund?
Kotak Pioneer Fund charges less: 0.63% a year against 1.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Technology Fund and Kotak Pioneer Fund overlap?
9.7%. They hold 11 of the same securities, the largest shared ones being ETERNAL, BHARTIHEXA, NAUKRI. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Technology Fund or Kotak Pioneer Fund?
On SEBI's riskometer, ICICI Prudential Technology Fund is rated Very High and Kotak Pioneer Fund Very High. Over 3 years, the standard deviation of daily returns was 16.92% and 12.91% a year.
Which is better for SIP, ICICI Prudential Technology Fund or Kotak Pioneer Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹6,91,480 in ICICI Prudential Technology Fund (XIRR 4.9% a year) and ₹9,22,097 in Kotak Pioneer Fund (XIRR 16.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Technology Fund and Kotak Pioneer Fund?
Yes. 9.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ICICI Prudential Technology Fund and Kotak Pioneer Fund?
ICICI Prudential Technology Fund: Vaibhav Dusad, Sharmila D'silva. Kotak Pioneer Fund: Harish Bihani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.