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
₹92.41
-0.07%
NAV as on 25 Apr 24, 12:00 AM
moderate risk
government bond
debt
NAV as on 25 Apr 24, 12:00 AM
moderate risk
government bond
debt
7.20%p.a.
Last 1Y
5.86%p.a.
Last 3Y
7.74%p.a.
Last 5Y
9.47%p.a.
Since Inception
About ICICI Prudential Gilt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Gilt Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Aug 1999, ICICI Prudential Gilt Fund Growth is Government Bond fund of its category with 5,575.7 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- ICICI Prudential Gilt Fund Growth delivered 7.2% annual returns during the last year. It has delivered 9.5% average annual returns since the fund was launched.
- ICICI Prudential Gilt 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 primarily through investment in Gilts of various maturities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
7.18% Govt Stock 2033
75.07%
8.25% Govt Stock 2033
19.02%
Uttar Pradesh (Government of)
2.41%
8.1% Govt Stock 2034
1.35%
Uttar Pradesh (Government of)
0.90%
West Bengal (Government of)
0.90%
West Bengal (Government of)
0.90%
Rajasthan (Government of )
0.54%
Himachal Pradesh (Government of)
0.18%
India (Republic of)
0.12%
Fund Managers
- Manish Banthia (Jan 2024 - Present)
- Raunak Surana (Jan 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Gilt Fund Growth SIP Calculator
If invested
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 Gilt 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 Gilt 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 Gilt 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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