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

INVEST VIA NRE/NRO

ICICI Prudential Global Advantage Fund(FOF) Growth for NRI [13.73]

Min Investment

₹100

Fund Size

₹314.58 Cr

Expense Ratio

2.4%

Exit Load

1%

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

₹13.73

0.05%

NAV as on 29 Apr 24, 12:00 AM

very high risk

global other

fof

NAV as on 29 Apr 24, 12:00 AM

very high risk

global other

fof

7.86%p.a.

Last 1Y

-1.58%p.a.

Last 3Y

0.00%p.a.

Last 5Y

7.28%p.a.

Since Inception

About ICICI Prudential Global Advantage Fund(FOF) Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Global Advantage Fund(FOF) Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Oct 2019, ICICI Prudential Global Advantage Fund(FOF) Growth is Global - Other fund of its category with 314.58 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.

  • ICICI Prudential Global Advantage Fund(FOF) Growth delivered 7.9% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
  • ICICI Prudential Global Advantage Fund(FOF) Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in fof

Fund Objective

ICICI Prudential Global Advantage Fund (the scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (manage by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. Certain corpus of the scheme will also be invest in units of domestic mutual fund schemes / ETFs manage by ICICI Prudential Mutual Fund or any other Mutual Fund(s) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 4 Holdings

Nippon India ETF Hang Seng BeES

30.19%

Nippon India Japan Equity Dir Gr

25.19%

ICICI Pru US Bluechip Equity Dir Gr

24.33%

Franklin Asian Eq Dir Gr

17.16%

Fund Managers

  1. Sankaran Naren (Oct 2019 - Present)
  2. Dharmesh Kakkad (Oct 2019 - Present)

Key Information

View Scheme Document

ICICI Prudential Global Advantage Fund(FOF) 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 Global Advantage Fund(FOF) 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 Global Advantage Fund(FOF) 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 Global Advantage Fund(FOF) 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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