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

INVEST VIA NRE/NRO

ICICI Prudential India Equity FOF Growth for NRI [26.66]

Min Investment

₹500

Fund Size

₹105.24 Cr

Expense Ratio

1.9%

Exit Load

1%

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

₹26.66

0.75%

NAV as on 29 Apr 24, 12:00 AM

very high risk

fund of funds

equity

NAV as on 29 Apr 24, 12:00 AM

very high risk

fund of funds

equity

49.08%p.a.

Last 1Y

26.13%p.a.

Last 3Y

0.00%p.a.

Last 5Y

26.40%p.a.

Since Inception

About ICICI Prudential India Equity FOF Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential India Equity 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 Feb 2020, ICICI Prudential India Equity FOF Growth is Fund of Funds fund of its category with 105.24 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • ICICI Prudential India Equity FOF Growth delivered 49.1% annual returns during the last year. It has delivered 26.4% average annual returns since the fund was launched.
  • ICICI Prudential India Equity FOF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The primary objective of the Scheme is to generate returns from predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund (s)) which invest in equity and equity related securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Top 10 Holdings

Invesco India Contra Dir Gr

11.27%

Quantum L/T Equity Value Dir Gr

10.58%

ICICI Prudential Nifty Infra ETF

10.57%

ICICI Pru Business Cycle Dir Gr

10.15%

ICICI Pru Pharma Healthcare Diag Dir Gr

9.73%

ICICI Pru Dividend Yield Eq Dir Gr

8.06%

Franklin India Eq Advantage Dir Gr

7.62%

ICICI Pru Focused Equity Dir Gr

5.75%

Nippon India ETF Nifty Bank BeES

5.25%

ICICI Pru Technology Dir Gr

5.03%

Fund Managers

  1. Dharmesh Kakkad (Feb 2020 - Present)

Key Information

View Scheme Document

ICICI Prudential India Equity 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 India Equity 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 India Equity 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 India Equity 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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