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

INVEST VIA NRE/NRO

ICICI Prudential Income Optimizer Fund(FOF) Growth for NRI [59.91]

Q: Can NRIs invest in SIP of ICICI Prudential Income Optimizer Fund(FOF) Growth?

Depending on their objective and risk tolerance, NRIs can select either SIP or Lumpsum investment of ICICI Prudential Income Optimizer Fund(FOF) Growth

Q: How much returns can I expect from ICICI Prudential Income Optimizer Fund(FOF) Growth?

Since its inception, ICICI Prudential Income Optimizer Fund(FOF) Growth has delivered average annual returns of 14.8%.

Q: What is the size of ICICI Prudential Income Optimizer Fund(FOF) Growth ?

As on 17 Nov 2024, ICICI Prudential Income Optimizer Fund(FOF) Growth had ₹271.33 Cr of assets under management (AUM).

Q: How much expense ratio is charged by ICICI Prudential Income Optimizer Fund(FOF) Growth ?

The Expense Ratio of ICICI Prudential Income Optimizer Fund(FOF) Growth is 1.58.

Q: What is the current NAV of ICICI Prudential Income Optimizer Fund(FOF) Growth?

NAV or Net Asset Value is the per unit price of the mutual fund. The NAV of ICICI Prudential Income Optimizer Fund(FOF) Growth is ₹59.9 as on 17 Nov 2024 .

Min Investment

₹5,000

Fund Size

₹271.33 Cr

Expense Ratio

1.6%

Exit Load

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

₹59.91

0.00%

NAV as on 17 Nov 24, 12:00 AM

moderate risk

fund of funds

fof

NAV as on 17 Nov 24, 12:00 AM

moderate risk

fund of funds

fof

14.81%p.a.

Last 1Y

10.77%p.a.

Last 3Y

10.73%p.a.

Last 5Y

8.97%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 271.33 Cr fund under management as on Nov 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 14.8% annual returns during the last year. It has delivered 9.0% 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

56.45%

ICICI Pru Equity Savings Dir Gr

32.16%

ICICI Pru Exports and Services Dir Gr

11.04%

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

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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ICICI Prudential Debt Management Fund(FOF) Growth

moderate risk | fof

6.2%

Kotak Income Plus Arbitrage Fund of Funds Growth

moderate risk | debt

0.0%

Aditya Birla Sun Life Active Debt Multi Manager FOF Scheme Growth

moderate risk | debt

5.7%

Frequently Asked Questions

Can NRIs invest in SIP of ICICI Prudential Income Optimizer Fund(FOF) Growth?

How much returns can I expect from ICICI Prudential Income Optimizer Fund(FOF) Growth?

What is the size of ICICI Prudential Income Optimizer Fund(FOF) Growth ?

How much expense ratio is charged by ICICI Prudential Income Optimizer Fund(FOF) Growth ?

What is the current NAV of ICICI Prudential Income Optimizer Fund(FOF) Growth?

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