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

INVEST VIA NRE/NRO

ICICI Prudential BHARAT 22 FOF Growth for NRI [34.23]

Min Investment

5,000

Fund Size

2,040.16 Cr

Expense Ratio

0.1%

Exit Load

0%

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

34.23

-0.79%

NAV as on 05 Oct 24, 12:00 AM

very high risk

fund of funds

fof

NAV as on 05 Oct 24, 12:00 AM

very high risk

fund of funds

fof

55.18%p.a.

Last 1Y

37.04%p.a.

Last 3Y

27.48%p.a.

Last 5Y

22.30%p.a.

Since Inception

About ICICI Prudential BHARAT 22 FOF Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential BHARAT 22 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 Jun 2018, ICICI Prudential BHARAT 22 FOF Growth is Fund of Funds fund of its category with 2,040.16 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • ICICI Prudential BHARAT 22 FOF Growth delivered 55.2% annual returns during the last year. It has delivered 22.3% average annual returns since the fund was launched.
  • ICICI Prudential BHARAT 22 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

ICICI Prudential BHARAT 22 FOF (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT 22 ETF. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 1 Holdings

BHARAT 22 ETF

99.85%

Fund Managers

  1. Nishit Patel (Jan 2021 - Present)
  2. Priya Sridhar (Feb 2024 - Present)
  3. Ajaykumar Solanki (Feb 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential BHARAT 22 FOF 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 BHARAT 22 FOF 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 BHARAT 22 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 BHARAT 22 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

Frequently Asked Questions