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

INVEST VIA NRE/NRO

ICICI Prudential Nifty 50 Index Plan Growth for NRI [234.29]

Min Investment

100

Fund Size

8,941.14 Cr

Expense Ratio

0.3%

Exit Load

0%

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

234.29

-0.27%

NAV as on 22 Jun 24, 12:00 AM

very high risk

index funds

equity

NAV as on 22 Jun 24, 12:00 AM

very high risk

index funds

equity

25.62%p.a.

Last 1Y

15.13%p.a.

Last 3Y

15.67%p.a.

Last 5Y

15.00%p.a.

Since Inception

About ICICI Prudential Nifty 50 Index Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty 50 Index Plan Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Feb 2002, ICICI Prudential Nifty 50 Index Plan Growth is Index Funds fund of its category with 8,941.14 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • ICICI Prudential Nifty 50 Index Plan Growth delivered 25.6% annual returns during the last year. It has delivered 15.0% average annual returns since the fund was launched.
  • ICICI Prudential Nifty 50 Index Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

An open-ended index linked growth scheme seeking to track the returns of the Nifty 50 through investments in a basket of stocks drawn from the constituents of the above index. The objective of the Scheme is to invest in companies whose securities are included in Nifty and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in almost all the stocks comprising the Nifty 50 in approximately the same weightage that they represent in Nifty 50. The Scheme will not seek to outperform the Nifty 50 or to under perform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty 50 over the same period. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Top 10 Holdings

HDFC Bank Ltd

11.54%

Reliance Industries Ltd

9.69%

ICICI Bank Ltd

7.88%

Infosys Ltd

5.03%

Larsen & Toubro Ltd

4.34%

ITC Ltd

3.79%

Tata Consultancy Services Ltd

3.73%

Bharti Airtel Ltd

3.58%

Axis Bank Ltd

3.30%

State Bank of India

3.19%

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 Nifty 50 Index Plan 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 Nifty 50 Index Plan 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 Nifty 50 Index Plan 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 Nifty 50 Index Plan 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