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

INVEST VIA NRE/NRO

ICICI Prudential Global Stable Equity Fund(FOF) Growth for NRI [25.73]

Min Investment

5,000

Fund Size

120.37 Cr

Expense Ratio

2.2%

Exit Load

1%

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

25.73

0.40%

NAV as on 17 Dec 24, 12:00 AM

very high risk

global other

fof

NAV as on 17 Dec 24, 12:00 AM

very high risk

global other

fof

4.65%p.a.

Last 1Y

6.36%p.a.

Last 3Y

8.28%p.a.

Last 5Y

8.99%p.a.

Since Inception

About ICICI Prudential Global Stable Equity Fund(FOF) Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Global Stable Equity 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 Sep 2013, ICICI Prudential Global Stable Equity Fund(FOF) Growth is Global - Other fund of its category with 120.37 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.

  • ICICI Prudential Global Stable Equity Fund(FOF) Growth delivered 4.7% annual returns during the last year. It has delivered 9.0% average annual returns since the fund was launched.
  • ICICI Prudential Global Stable Equity 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 Stable Equity Fund (the Scheme) is an open-ended fund of funds scheme that seeks to provide adequate returns by investing in the units of one or more overseas mutual fund schemes, which have the mandate to invest globally. Currently the Scheme intends to invest in the units/shares of Nordea 1 – Global Stable Equity Fund – Unhedged (N1 – GSEF - U). The fund manager may also invest in one or more other overseas mutual fund schemes, with similar investment policy/fundamental attributes and risk profile and is in accordance with the investment strategy of the Scheme. The Scheme may also invest a certain portion of its corpus in domestic money market securities and/or money market/liquid schemes of domestic mutual funds including that of ICICI Prudential Mutual Fund, in order to meet liquidity requirements from time to time. However, there can be no assurance that the investment objective of the Scheme will be realized.

Top 1 Holdings

Nordea 1 - Global Stable Equity Z USD

99.39%

Fund Managers

  1. Ritesh Lunawat (Sep 2024 - Present)
  2. Sharmila D’mello (Apr 2022 - Present)
  3. Masoomi Jhurmarvala (Nov 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential Global Stable Equity 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 Stable Equity 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 Stable Equity 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 Stable Equity 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

Frequently Asked Questions