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

INVEST VIA NRE/NRO

ICICI Prudential Multi-Asset Fund Growth for NRI [689.40]

Min Investment

₹5,000

Fund Size

₹50,648.49 Cr

Expense Ratio

1.5%

Exit Load

1%

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

₹689.40

-0.42%

NAV as on 21 Nov 24, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 21 Nov 24, 12:00 AM

very high risk

multi asset allocation

equity

22.48%p.a.

Last 1Y

17.88%p.a.

Last 3Y

20.55%p.a.

Last 5Y

21.36%p.a.

Since Inception

About ICICI Prudential Multi-Asset Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Multi-Asset Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Oct 2002, ICICI Prudential Multi-Asset Fund Growth is Multi Asset Allocation fund of its category with 50,648.49 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • ICICI Prudential Multi-Asset Fund Growth delivered 22.5% annual returns during the last year. It has delivered 21.4% average annual returns since the fund was launched.
  • ICICI Prudential Multi-Asset 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

To generate capital appreciation for investors by investing predominantly in equity and equity related instruments and income by investing across other asset classes. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 10 Holdings

ICICI Bank Ltd

4.76%

HDFC Bank Ltd

4.45%

Nifty 50 Index

4.43%

Maruti Suzuki India Ltd

3.78%

ICICI Prudential Silver ETF

3.48%

NTPC Ltd

3.11%

Reliance Industries Ltd

2.94%

Bajaj Finserv Ltd

2.40%

SBI Cards and Payment Services Ltd Ordinary Shares

2.15%

Infosys Ltd

1.98%

Fund Managers

  1. Sankaran Naren (Feb 2012 - Present)
  2. Manish Banthia (Jan 2024 - Present)
  3. Ihab Dalwai (Jun 2017 - Present)
  4. Akhil Kakkar (Jan 2024 - Present)
  5. Sri Sharma (Apr 2021 - Present)
  6. Gaurav Chikane (Aug 2021 - Present)
  7. Sharmila D’mello (Jul 2022 - Present)
  8. Masoomi Jhurmarvala (Nov 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential Multi-Asset Fund 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 Multi-Asset Fund 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 Multi-Asset 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 Multi-Asset 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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