NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹105.52
-0.09%
NAV as on 01 May 24, 12:00 AM
high risk
fund of funds
fof
NAV as on 01 May 24, 12:00 AM
high risk
fund of funds
fof
22.00%p.a.
Last 1Y
14.35%p.a.
Last 3Y
13.88%p.a.
Last 5Y
12.22%p.a.
Since Inception
About ICICI Prudential Asset Allocator Fund(FOF) Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Asset Allocator Fund(FOF) Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Dec 2003, ICICI Prudential Asset Allocator Fund(FOF) Growth is Fund of Funds fund of its category with 21,671.56 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- ICICI Prudential Asset Allocator Fund(FOF) Growth delivered 22.0% annual returns during the last year. It has delivered 12.2% average annual returns since the fund was launched.
- ICICI Prudential Asset Allocator Fund(FOF) Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The primary objective of the Scheme is to generate capital appreciation primarily from a portfolio of equity, debt, and gold schemes accessed through the diversified investment styles of underlying schemes. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
ICICI Pru Floating Interest Dir Gr
10.51%
ICICI Pru All Seasons Bond Dir Gr
10.11%
ICICI Pru Gold ETF
9.97%
ICICI Pru Short Term Dir Gr
7.13%
ICICI Pru Savings Dir Gr
6.79%
ICICI Pru Banking & Fin Svcs Dir Gr
6.54%
ICICI Pru Technology Dir Gr
4.38%
ICICI Pru Infrastructure Dir Gr
4.36%
ICICI Pru Focused Equity Dir Gr
3.77%
ICICI Pru Banking & PSU Debt Dir Gr
3.45%
Fund Managers
- Sankaran Naren (Sep 2018 - Present)
- Manish Banthia (Jun 2017 - Present)
- Ritesh Lunawat (Jun 2023 - Present)
- Dharmesh Kakkad (May 2018 - Present)
Key Information
View Scheme Document
ICICI Prudential Asset Allocator Fund(FOF) Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Asset Allocator Fund(FOF) Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in ICICI Prudential Asset Allocator Fund(FOF) Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in ICICI Prudential Asset Allocator Fund(FOF) Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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