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
₹22.95
0.36%
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
23.21%p.a.
Last 1Y
21.43%p.a.
Last 3Y
0.00%p.a.
Last 5Y
23.78%p.a.
Since Inception
About ICICI Prudential Business Cycle Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Business Cycle Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Jan 2021, ICICI Prudential Business Cycle Fund Growth is Equity - Other fund of its category with 11,880.48 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- ICICI Prudential Business Cycle Fund Growth delivered 23.2% annual returns during the last year. It has delivered 23.8% average annual returns since the fund was launched.
- ICICI Prudential Business Cycle 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 by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
HDFC Bank Ltd
8.66%
ICICI Bank Ltd
8.48%
Larsen & Toubro Ltd
6.28%
Reliance Industries Ltd
5.12%
UltraTech Cement Ltd
5.06%
Bharti Airtel Ltd
4.39%
Maruti Suzuki India Ltd
4.39%
Axis Bank Ltd
3.43%
Sun Pharmaceuticals Industries Ltd
3.10%
Xtrackers Harvest CSI 300 China A ETF
3.10%
Fund Managers
- Manish Banthia (Jan 2021 - Present)
- Anish Tawakley (Jan 2021 - Present)
- Lalit Kumar (Jan 2021 - Present)
- Sharmila D’mello (Jul 2022 - Present)
Key Information
View Scheme Document
ICICI Prudential Business Cycle Fund Growth SIP Calculator
If invested
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For a period of
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Fixed Deposit
NRI Mutual Fund Tax on ICICI Prudential Business Cycle 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 Business Cycle 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 Business Cycle 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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