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

INVEST VIA NRE/NRO

ICICI Prudential Nifty50 Equal Weight Index Fund Growth for NRI [16.50]

Min Investment

5,000

Fund Size

85.22 Cr

Expense Ratio

1.0%

Exit Load

0%

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

16.50

-0.96%

NAV as on 06 Oct 24, 12:00 AM

very high risk

index funds

equity

NAV as on 06 Oct 24, 12:00 AM

very high risk

index funds

equity

38.82%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

30.55%p.a.

Since Inception

About ICICI Prudential Nifty50 Equal Weight Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty50 Equal Weight 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 Oct 2022, ICICI Prudential Nifty50 Equal Weight Index Fund Growth is Index Funds fund of its category with 85.22 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • ICICI Prudential Nifty50 Equal Weight Index Fund Growth delivered 38.8% annual returns during the last year. It has delivered 30.6% average annual returns since the fund was launched.
  • ICICI Prudential Nifty50 Equal Weight 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index in the same weightage that they represent in Nifty50 Equal Weight Index.

Top 10 Holdings

SBI Life Insurance Co Ltd

2.33%

Infosys Ltd

2.32%

HDFC Life Insurance Co Ltd

2.30%

Oil & Natural Gas Corp Ltd

2.28%

HCL Technologies Ltd

2.23%

Sun Pharmaceuticals Industries Ltd

2.23%

Bharat Petroleum Corp Ltd

2.22%

LTIMindtree Ltd

2.21%

ITC Ltd

2.18%

Tata Consultancy Services Ltd

2.18%

Fund Managers

  1. Nishit Patel (Oct 2022 - Present)
  2. Priya Sridhar (Feb 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential Nifty50 Equal Weight Index 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 Nifty50 Equal Weight Index 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight 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

Frequently Asked Questions