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
₹154.13
1.75%
NAV as on 23 Nov 24, 12:00 AM
very high risk
fund of funds
fof
NAV as on 23 Nov 24, 12:00 AM
very high risk
fund of funds
fof
26.72%p.a.
Last 1Y
15.88%p.a.
Last 3Y
17.96%p.a.
Last 5Y
14.08%p.a.
Since Inception
About ICICI Prudential Passive Strategy Fund(FOF) Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Passive Strategy Fund(FOF) 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 Dec 2003, ICICI Prudential Passive Strategy Fund(FOF) Growth is Fund of Funds fund of its category with 175.53 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 Strategy Fund(FOF) Growth delivered 26.7% annual returns during the last year. It has delivered 14.1% average annual returns since the fund was launched.
- ICICI Prudential Passive Strategy Fund(FOF) Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The primary objective of the Scheme is to generate capital appreciation primarily from a portfolio that is invested in Exchange Traded Funds. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 9 Holdings
ICICI Pru Nifty Private Banks ETF
20.05%
ICICI Pru Nifty Bank ETF
16.69%
ICICI Pru Nifty Healthcare ETF
14.72%
ICICI Pru Nifty India Consumption ETF
10.74%
Icici Prudential A
10.08%
ICICI Pru Nifty IT ETF
8.20%
ICICI Prudential Nifty Oil & Gas ETF
7.32%
ICICI Prudential Nifty Infra ETF
5.51%
CPSE ETF
2.89%
Fund Managers
- Sankaran Naren (Sep 2018 - Present)
- Dharmesh Kakkad (May 2018 - Present)
- Sharmila D’mello (May 2024 - Present)
- Masoomi Jhurmarvala (Nov 2024 - Present)
Key Information
View Scheme Document
ICICI Prudential Passive Strategy Fund(FOF) Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Passive Strategy Fund(FOF) 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 Strategy Fund(FOF) 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 Strategy Fund(FOF) 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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