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
₹17.66
-1.31%
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
32.64%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
42.32%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Innovation Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on May 2023, ICICI Prudential Innovation Fund Growth is Equity - Other fund of its category with 6,408.11 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
The Scheme is an open ended thematic fund. The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
ICICI Bank Ltd
5.18%
Maruti Suzuki India Ltd
4.08%
Pidilite Industries Ltd
3.75%
Sun Pharmaceuticals Industries Ltd
3.25%
Lupin Ltd
2.63%
Cummins India Ltd
2.62%
Godrej Consumer Products Ltd
2.45%
Siemens Ltd
2.43%
HDFC Life Insurance Co Ltd
2.40%
Reliance Industries Ltd
2.37%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
26.7%
very high risk | equity
0.0%
very high risk | equity
21.4%