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

INVEST VIA NRE/NRO

ICICI Prudential Equity Savings Fund Growth for NRI [21.49]

Min Investment

5,000

Fund Size

12,168.01 Cr

Expense Ratio

1.0%

Exit Load

0.25%

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

21.49

0.14%

NAV as on 06 Nov 24, 12:00 AM

moderate risk

equity savings

hybrid (nc)

NAV as on 06 Nov 24, 12:00 AM

moderate risk

equity savings

hybrid (nc)

10.49%p.a.

Last 1Y

8.55%p.a.

Last 3Y

8.19%p.a.

Last 5Y

8.00%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 12,168.01 Cr fund under management as on Nov 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 10.5% 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

8.16%

Reliance Industries Ltd

6.42%

HDFC Bank Ltd

5.64%

ITC Ltd

4.62%

Future on HDFC Bank Ltd

4.62%

Future on Reliance Industries Ltd

4.52%

Sun Pharmaceuticals Industries Ltd

4.47%

Future on Sun Pharmaceuticals Industries Ltd

3.74%

Future on Tata Motors Ltd

3.70%

Tata Motors Ltd

3.68%

Fund Managers

  1. Manish Banthia (Dec 2014 - Present)
  2. Ritesh Lunawat (Dec 2020 - Present)
  3. Dharmesh Kakkad (Feb 2021 - Present)
  4. Sri Sharma (Apr 2021 - Present)
  5. Sharmila D’mello (Jul 2022 - Present)
  6. Ajaykumar Solanki (Aug 2024 - Present)
  7. Archana Nair (Feb 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential Equity Savings Fund 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 Equity Savings Fund 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 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

Frequently Asked Questions