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
₹68.69
-0.36%
NAV as on 21 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 21 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
equity
16.88%p.a.
Last 1Y
11.57%p.a.
Last 3Y
12.85%p.a.
Last 5Y
11.48%p.a.
Since Inception
About ICICI Prudential Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Balanced Advantage Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Dec 2006, ICICI Prudential Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 60,544.87 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- ICICI Prudential Balanced Advantage Fund Growth delivered 16.9% annual returns during the last year. It has delivered 11.5% average annual returns since the fund was launched.
- ICICI Prudential Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To provide capital appreciation/income by investing in equity and equity related instruments including derivatives and debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
Nifty 50 Index
8.84%
TVS Motor Co Ltd
4.59%
ICICI Bank Ltd
4.43%
HDFC Bank Ltd
3.84%
Maruti Suzuki India Ltd
3.45%
Infosys Ltd
3.02%
ITC Ltd
2.61%
Larsen & Toubro Ltd
2.49%
Embassy Office Parks Reit
2.41%
7.53% Govt Stock 2034
2.24%
Fund Managers
- Sankaran Naren (Jul 2017 - Present)
- Rajat Chandak (Sep 2015 - Present)
- Manish Banthia (Nov 2009 - Present)
- Ihab Dalwai (Jan 2018 - Present)
- Akhil Kakkar (Jan 2024 - Present)
- Sri Sharma (Apr 2021 - Present)
- Sharmila D’mello (Jul 2022 - Present)
Key Information
View Scheme Document
ICICI Prudential Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Balanced Advantage Fund 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 Balanced Advantage Fund 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 Balanced Advantage Fund 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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21.4%
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10.9%
Edelweiss Balanced Advantage Fund Plan Growth
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Frequently Asked Questions
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