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
₹60.37
0.12%
NAV as on 17 Dec 24, 12:00 AM
moderate risk
fund of funds
fof
NAV as on 17 Dec 24, 12:00 AM
moderate risk
fund of funds
fof
12.87%p.a.
Last 1Y
11.15%p.a.
Last 3Y
10.65%p.a.
Last 5Y
8.94%p.a.
Since Inception
About ICICI Prudential Income Optimizer Fund(FOF) Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Income Optimizer Fund(FOF) Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Dec 2003, ICICI Prudential Income Optimizer Fund(FOF) Growth is Fund of Funds fund of its category with 270.77 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- ICICI Prudential Income Optimizer Fund(FOF) Growth delivered 12.9% annual returns during the last year. It has delivered 8.9% average annual returns since the fund was launched.
- ICICI Prudential Income Optimizer 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
The primary objective of the Scheme is to generate regular income by predominantly investing in debt oriented schemes. The Scheme will also invest in equity oriented & hybrid oriented schemes with an aim to generate capital appreciation. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 3 Holdings
ICICI Pru Short Term Dir Gr
55.82%
ICICI Pru Equity Savings Dir Gr
32.33%
ICICI Pru Exports and Services Dir Gr
10.83%
Fund Managers
- Manish Banthia (Jun 2017 - Present)
- Ritesh Lunawat (Dec 2020 - Present)
- Dharmesh Kakkad (May 2018 - Present)
- Sharmila D’mello (May 2024 - Present)
- Masoomi Jhurmarvala (Nov 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Income Optimizer Fund(FOF) Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Income Optimizer 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 Income Optimizer 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 Income Optimizer 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
Similar Funds
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3Y Return
Axis All Seasons Debt Fund of Funds Growth
moderate risk | debt
6.3%
ICICI Prudential Debt Management Fund(FOF) Growth
moderate risk | fof
6.5%
Kotak Income Plus Arbitrage Fund of Funds Growth
moderate risk | debt
0.0%
Frequently Asked Questions
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