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

INVEST VIA NRE/NRO

ICICI Prudential Debt Management Fund(FOF) Growth for NRI [42.87]

Min Investment

₹100

Fund Size

₹126.54 Cr

Expense Ratio

1.1%

Exit Load

0.25%

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

₹42.87

0.03%

NAV as on 16 Dec 24, 12:00 AM

moderate risk

fund of funds

fof

NAV as on 16 Dec 24, 12:00 AM

moderate risk

fund of funds

fof

8.21%p.a.

Last 1Y

6.41%p.a.

Last 3Y

6.72%p.a.

Last 5Y

7.18%p.a.

Since Inception

About ICICI Prudential Debt Management Fund(FOF) Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Debt Management 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 Debt Management Fund(FOF) Growth is Fund of Funds fund of its category with 126.54 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • ICICI Prudential Debt Management Fund(FOF) Growth delivered 8.2% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
  • ICICI Prudential Debt Management 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 debt oriented 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 7 Holdings

ICICI Pru All Seasons Bond Dir Gr

37.44%

ICICI Pru Short Term Dir Gr

31.28%

ICICI Pru Medium Term Bond Dir Gr

12.25%

ICICI Pru Const Mat Gilt Dir Gr

7.99%

ICICI Pru Floating Interest Dir Gr

5.30%

HDFC Ultra S/T Fund Dir Gr

2.90%

HDFC Nifty G- Sec Jun 2027 Index Dir Gr

1.75%

Fund Managers

  1. Manish Banthia (Jun 2017 - Present)
  2. Ritesh Lunawat (Dec 2020 - Present)

Key Information

View Scheme Document

ICICI Prudential Debt Management Fund(FOF) 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 Debt Management Fund(FOF) 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 Debt Management 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 Debt Management 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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