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
₹11.17
-1.13%
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
20.66%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
10.50%p.a.
Since Inception
About ICICI Prudential Nifty IT Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty IT Index Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Aug 2022, ICICI Prudential Nifty IT Index Fund Growth is Index Funds fund of its category with 355.29 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- ICICI Prudential Nifty IT Index Fund Growth delivered 20.7% annual returns during the last year. It has delivered 10.5% average annual returns since the fund was launched.
- ICICI Prudential Nifty IT Index 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 objective of the Scheme is to invest in companies whose securities are included in Nifty IT Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty IT Index in the same weightage that they represent in Nifty IT Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
Top 10 Holdings
Infosys Ltd
26.73%
Tata Consultancy Services Ltd
24.80%
HCL Technologies Ltd
10.32%
Tech Mahindra Ltd
9.94%
Wipro Ltd
8.50%
LTIMindtree Ltd
5.69%
Persistent Systems Ltd
5.16%
Coforge Ltd
4.23%
Mphasis Ltd
2.49%
L&T Technology Services Ltd
1.89%
Fund Managers
- Nishit Patel (Aug 2022 - Present)
- Priya Sridhar (Feb 2024 - Present)
- Ajaykumar Solanki (Feb 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Nifty IT Index Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on ICICI Prudential Nifty IT Index 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 Nifty IT Index 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 Nifty IT Index 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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