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
₹25.64
-0.93%
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
12.21%p.a.
Last 1Y
7.88%p.a.
Last 3Y
8.88%p.a.
Last 5Y
8.89%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 118.57 Cr fund under management as on Nov 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 12.2% annual returns during the last year. It has delivered 8.9% 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
99.32%
Fund Managers
- Ritesh Lunawat (Sep 2024 - Present)
- Sharmila D’mello (Apr 2022 - Present)
- Masoomi Jhurmarvala (Nov 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Global Stable Equity Fund(FOF) Growth SIP Calculator
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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 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 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
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