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
₹21.57
0.09%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
equity savings
hybrid (nc)
NAV as on 18 Dec 24, 12:00 AM
moderate risk
equity savings
hybrid (nc)
8.73%p.a.
Last 1Y
8.57%p.a.
Last 3Y
7.98%p.a.
Last 5Y
7.97%p.a.
Since Inception
About ICICI Prudential Equity Savings Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Equity Savings Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Dec 2014, ICICI Prudential Equity Savings Fund Growth is Equity Savings fund of its category with 12,436.92 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- ICICI Prudential Equity Savings Fund Growth delivered 8.7% annual returns during the last year. It has delivered 8.0% average annual returns since the fund was launched.
- ICICI Prudential Equity Savings Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund Objective
The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However there can be no assurance that the investment objectives of the scheme will be realized
Top 10 Holdings
ICICI Pru Money Market Dir Gr
8.49%
Reliance Industries Ltd
7.45%
HDFC Bank Ltd
6.61%
Future on HDFC Bank Ltd
6.10%
Future on Reliance Industries Ltd
4.89%
ITC Ltd
4.45%
Sun Pharmaceuticals Industries Ltd
4.04%
Future on Sun Pharmaceuticals Industries Ltd
3.38%
Future on ITC Ltd
3.28%
Hindustan Unilever Ltd
3.08%
Fund Managers
- Manish Banthia (Dec 2014 - Present)
- Ritesh Lunawat (Dec 2020 - Present)
- Dharmesh Kakkad (Feb 2021 - Present)
- Sri Sharma (Apr 2021 - Present)
- Sharmila D’mello (Jul 2022 - Present)
- Ajaykumar Solanki (Aug 2024 - Present)
- Archana Nair (Feb 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Equity Savings Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on ICICI Prudential Equity Savings 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 Savings 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 Savings 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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