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
₹32.96
0.04%
NAV as on 21 Nov 24, 12:00 AM
low risk
arbitrage fund
equity
NAV as on 21 Nov 24, 12:00 AM
low risk
arbitrage fund
equity
7.76%p.a.
Last 1Y
6.20%p.a.
Last 3Y
5.34%p.a.
Last 5Y
6.88%p.a.
Since Inception
About ICICI Prudential Equity Arbitrage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Equity Arbitrage Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Dec 2006, ICICI Prudential Equity Arbitrage Fund Growth is Arbitrage Fund fund of its category with 24,997.26 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.
- ICICI Prudential Equity Arbitrage Fund Growth delivered 7.8% annual returns during the last year. It has delivered 6.9% average annual returns since the fund was launched.
- ICICI Prudential Equity Arbitrage 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 low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in 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
ICICI Pru Money Market Dir Gr
10.90%
Future on HDFC Bank Ltd
5.37%
HDFC Bank Ltd
5.33%
ICICI Pru Savings Dir Gr
3.45%
Future on Reliance Industries Ltd
2.89%
Reliance Industries Ltd
2.87%
Future on Tata Motors Ltd
2.57%
Tata Motors Ltd
2.55%
Future on Tata Consultancy Services Ltd
2.18%
Tata Consultancy Services Ltd
2.16%
Fund Managers
- Nikhil Kabra (Dec 2020 - Present)
- Sharmila D’mello (Jul 2022 - Present)
- Darshil Dedhia (Sep 2024 - Present)
- Ajaykumar Solanki (Aug 2024 - Present)
- Archana Nair (Feb 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Equity Arbitrage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Equity Arbitrage 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 Equity Arbitrage 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 Equity Arbitrage 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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Frequently Asked Questions
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