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

INVEST VIA NRE/NRO

ICICI Prudential Medium Term Bond Fund Growth for NRI [42.01]

Min Investment

5,000

Fund Size

5,982.34 Cr

Expense Ratio

1.4%

Exit Load

1%

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

42.01

-0.08%

NAV as on 05 Oct 24, 12:00 AM

moderately high risk

medium duration

debt

NAV as on 05 Oct 24, 12:00 AM

moderately high risk

medium duration

debt

8.12%p.a.

Last 1Y

6.09%p.a.

Last 3Y

7.26%p.a.

Last 5Y

7.43%p.a.

Since Inception

About ICICI Prudential Medium Term Bond Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Medium Term Bond Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Medium Duration mutual fund scheme that predominantly invests in Medium Duration stocks of companies. Launched on Sep 2004, ICICI Prudential Medium Term Bond Fund Growth is Medium Duration fund of its category with 5,982.34 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Medium Duration funds.

  • ICICI Prudential Medium Term Bond Fund Growth delivered 8.1% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
  • ICICI Prudential Medium Term Bond 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 while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 10 Holdings

7.1% Govt Stock 2034

14.64%

7.18% Govt Stock 2033

11.84%

Godrej Properties Limited

2.51%

The Great Eastern Shipping Company Limited

2.50%

Pipeline Infrastructure Ltd.

2.11%

TVS Credit Services Limited

1.89%

Ess Kay Limited

1.83%

Torrent Power Limited

1.77%

8.34% Govt Stock 2033

1.72%

Nirma Limited

1.68%

Fund Managers

  1. Manish Banthia (Nov 2016 - Present)
  2. Akhil Kakkar (Jan 2024 - Present)

Key Information

View Scheme Document

ICICI Prudential Medium Term Bond 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 Medium Term Bond 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 Medium Term Bond 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 Medium Term Bond 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