NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

ICICI Prudential Banking and Financial Services Fund Growth for NRI [124.00]

Min Investment

5,000

Fund Size

8,175.89 Cr

Expense Ratio

1.8%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

124.00

-0.82%

NAV as on 06 Oct 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 06 Oct 24, 12:00 AM

very high risk

sector financial services

equity

26.21%p.a.

Last 1Y

12.98%p.a.

Last 3Y

15.13%p.a.

Last 5Y

17.13%p.a.

Since Inception

About ICICI Prudential Banking and Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Banking and Financial Services Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Aug 2008, ICICI Prudential Banking and Financial Services Fund Growth is Sector - Financial Services fund of its category with 8,175.89 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • ICICI Prudential Banking and Financial Services Fund Growth delivered 26.2% annual returns during the last year. It has delivered 17.1% average annual returns since the fund was launched.
  • ICICI Prudential Banking and Financial Services 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 generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 10 Holdings

HDFC Bank Ltd

23.43%

ICICI Bank Ltd

19.40%

Kotak Mahindra Bank Ltd

6.41%

Axis Bank Ltd

6.06%

SBI Life Insurance Co Ltd

5.94%

HDFC Life Insurance Co Ltd

4.58%

Bajaj Finance Ltd

3.18%

ICICI Lombard General Insurance Co Ltd

3.14%

State Bank of India

2.94%

IndusInd Bank Ltd

2.09%

Fund Managers

  1. Roshan Chutkey (Jan 2018 - Present)
  2. Sharmila D’mello (Jun 2022 - Present)

Key Information

View Scheme Document

ICICI Prudential Banking and Financial Services Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on ICICI Prudential Banking and Financial Services Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in ICICI Prudential Banking and Financial Services 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 Banking and Financial Services 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

Frequently Asked Questions