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
₹13.67
0.19%
NAV as on 19 Nov 24, 12:00 AM
high risk
fund of funds
equity
NAV as on 19 Nov 24, 12:00 AM
high risk
fund of funds
equity
16.40%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
12.17%p.a.
Since Inception
About ICICI Prudential Passive Multi-Asset Fund of Funds Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Passive Multi-Asset Fund of Funds Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Jan 2022, ICICI Prudential Passive Multi-Asset Fund of Funds Growth is Fund of Funds fund of its category with 1,118.91 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- ICICI Prudential Passive Multi-Asset Fund of Funds Growth delivered 16.4% annual returns during the last year. It has delivered 12.2% average annual returns since the fund was launched.
- ICICI Prudential Passive Multi-Asset Fund of Funds Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
ICICI Prudential Passive Multi-Asset Fund of Funds is a Fund of Funds scheme with the primary objective to generate returns by predominantly investing in passively managed funds launched in India and/or overseas. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
SBI CPSE B P SDL Sep 26 50:50 Dir Gr
16.32%
ICICI Prudential BSE Liquid Rate ETF
7.52%
ICICI Pru Nifty 5 Yr Bench G-SEC ETF
6.48%
ICICI Pru Nifty Private Banks ETF
5.14%
ICICI Pru Nifty Bank ETF
5.02%
ICICI Pru Nifty Healthcare ETF
4.83%
iShares MSCI China ETF
4.39%
iShares MSCI Japan ETF
4.24%
ICICI Prudential Nifty 10 yr Bench G-Sec
3.95%
Axis CRSL IBX70:30CPSEPlSDLA25IdxDrGr
3.94%
Fund Managers
- Sankaran Naren (Jan 2022 - Present)
- Manish Banthia (Jan 2022 - Present)
- Ritesh Lunawat (Jan 2022 - Present)
- Dharmesh Kakkad (Jan 2022 - Present)
- Nishit Patel (Jan 2022 - Present)
- Sharmila D’mello (Apr 2022 - Present)
- Masoomi Jhurmarvala (Nov 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Passive Multi-Asset Fund of Funds Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Passive Multi-Asset Fund of Funds 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 Passive Multi-Asset Fund of Funds 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 Passive Multi-Asset Fund of Funds 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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