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
₹31.10
-0.01%
NAV as on 23 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 23 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
7.80%p.a.
Last 1Y
6.19%p.a.
Last 3Y
6.59%p.a.
Last 5Y
7.92%p.a.
Since Inception
About ICICI Prudential Banking and PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Banking and PSU Debt Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Jan 2010, ICICI Prudential Banking and PSU Debt Fund Growth is Banking & PSU fund of its category with 9,113.55 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- ICICI Prudential Banking and PSU Debt Fund Growth delivered 7.8% annual returns during the last year. It has delivered 7.9% average annual returns since the fund was launched.
- ICICI Prudential Banking and PSU Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income through predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
7.1% Govt Stock 2034
7.68%
7.93% Govt Stock 2033
6.66%
Small Industries Development Bank Of India
5.19%
HDFC Bank Limited
4.22%
State Bank Of India
3.67%
National Bank For Agriculture And Rural Development
3.07%
National Bank For Agriculture And Rural Development
2.85%
Housing And Urban Development Corporation Ltd.
2.47%
Mahanagar Telephone Nigam Limited
2.40%
Bharat Petroleum Corporation Limited
2.20%
Fund Managers
- Manish Banthia (Sep 2024 - Present)
- Rohit Lakhotia (Jun 2023 - Present)
Key Information
View Scheme Document
ICICI Prudential Banking and PSU Debt Fund Growth SIP Calculator
If invested
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 PSU Debt 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 Banking and PSU Debt 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 PSU Debt 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
Similar Funds
Funds
3Y Return
Axis Banking & PSU Debt Fund Growth
moderate risk | debt
5.8%
Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth
moderate risk | debt
5.9%
Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan
moderate risk | debt
5.9%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved