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
₹26.49
0.02%
NAV as on 23 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 23 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
7.44%p.a.
Last 1Y
6.19%p.a.
Last 3Y
5.88%p.a.
Last 5Y
7.45%p.a.
Since Inception
About ICICI Prudential Ultra Short Term Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Ultra Short Term Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on May 2011, ICICI Prudential Ultra Short Term Fund Growth is Ultra Short Duration fund of its category with 14,357.79 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- ICICI Prudential Ultra Short Term Fund Growth delivered 7.4% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
- ICICI Prudential Ultra Short Term Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
364 Days T - Bill- 06/02/2025
2.75%
364 DTB 13032025
2.73%
LIC Housing Finance Limited
2.68%
Small Industries Development Bank Of India
2.60%
Bharti Telecom Limited
2.27%
India (Republic of)
2.08%
L&T Metro Rail (Hyderabad) Limited
2.07%
Rural Electrification Corporation Limited
1.64%
LIC Housing Finance Limited
1.57%
Oberoi Realty Ltd.
1.39%
Fund Managers
- Manish Banthia (Nov 2016 - Present)
- Ritesh Lunawat (Jun 2017 - Present)
Key Information
View Scheme Document
ICICI Prudential Ultra Short Term Fund Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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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