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
₹16.91
-0.65%
NAV as on 21 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 21 Nov 24, 12:00 AM
very high risk
equity other
equity
37.93%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
44.99%p.a.
Since Inception
About ICICI Prudential Innovation Fund Growth for NRIs
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 6,322.82 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- ICICI Prudential Innovation Fund Growth delivered 37.9% annual returns during the last year. It has delivered 45.0% average annual returns since the fund was launched.
- ICICI Prudential Innovation Fund 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 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.
Top 10 Holdings
Maruti Suzuki India Ltd
4.14%
ICICI Bank Ltd
3.86%
Pidilite Industries Ltd
3.77%
Sun Pharmaceuticals Industries Ltd
3.42%
HDFC Life Insurance Co Ltd
2.66%
Larsen & Toubro Ltd
2.60%
Lupin Ltd
2.59%
Microsoft Corp
2.55%
Cummins India Ltd
2.52%
Reliance Industries Ltd
2.48%
Fund Managers
- Anish Tawakley (May 2023 - Present)
- Vaibhav Dusad (May 2023 - Present)
- Sharmila D’mello (May 2023 - Present)
Key Information
View Scheme Document
ICICI Prudential Innovation Fund Growth SIP Calculator
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
NRI Mutual Fund Tax on ICICI Prudential Innovation Fund 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 Innovation Fund 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 Innovation Fund 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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Frequently Asked Questions
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