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
₹405.51
-0.02%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
8.30%p.a.
Last 1Y
6.42%p.a.
Last 3Y
6.68%p.a.
Last 5Y
7.64%p.a.
Since Inception
About ICICI Prudential Floating Interest Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Floating Interest Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Nov 2005, ICICI Prudential Floating Interest Fund Growth is Floating Rate fund of its category with 8,674.64 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- ICICI Prudential Floating Interest Fund Growth delivered 8.3% annual returns during the last year. It has delivered 7.6% average annual returns since the fund was launched.
- ICICI Prudential Floating Interest Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
7.93% Govt Stock 2033
39.96%
7.53% Govt Stock 2034
11.36%
LIC Housing Finance Limited
4.23%
Muthoot Finance Limited
2.89%
Bharti Telecom Limited
2.31%
Oberoi Realty Ltd.
2.30%
Mankind Pharma Ltd
1.79%
Tata Housing Development Company Limited
1.73%
Tata Housing Development Company Limited 8.2175%
1.44%
Bharti Telecom Limited
1.21%
Fund Managers
- Ritesh Lunawat (Sep 2024 - Present)
- Darshil Dedhia (Jun 2023 - Present)
Key Information
View Scheme Document
ICICI Prudential Floating Interest Fund Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Floating Interest 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 Floating Interest 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 Floating Interest 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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