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
₹19.07
0.43%
NAV as on 16 Feb 26, 12:00 AM
very high risk
index funds
equity
NAV as on 16 Feb 26, 12:00 AM
very high risk
index funds
equity
19.24%p.a.
Last 1Y
22.76%p.a.
Last 3Y
0.00%p.a.
Last 5Y
16.81%p.a.
Since Inception
About ICICI Prudential Nifty Midcap 150 Index Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty Midcap 150 Index Fund - 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 Dec 2021, ICICI Prudential Nifty Midcap 150 Index Fund - Growth is Index Funds fund of its category with 936.67 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- ICICI Prudential Nifty Midcap 150 Index Fund - Growth delivered 19.2% annual returns during the last year. It has delivered 16.8% average annual returns since the fund was launched.
- ICICI Prudential Nifty Midcap 150 Index Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Top 10 Holdings
3M India Ltd
0.26%
ACC Ltd
0.27%
Abbott India Ltd
0.39%
AIA Engineering Ltd
0.42%
Ajanta Pharma Ltd
0.31%
Apar Industries Ltd
0.36%
Apollo Tyres Ltd
0.43%
GE T&D India Ltd
1.08%
Ashok Leyland Ltd
1.51%
Astral Ltd
0.49%
Fund Managers
- Ashwini Jemin Bharucha (Dec 2024 - Present)
- Ajay Kumar Solanki (Feb 2024 - Present)
- Kayzad Eghlim (Dec 2021 - Present)
- Nishit Patel (Dec 2021 - Present)
- Venus Ahuja (Nov 2025 - Present)
Key Information
View Scheme Document
ICICI Prudential Nifty Midcap 150 Index Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on ICICI Prudential Nifty Midcap 150 Index 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 Nifty Midcap 150 Index 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 Nifty Midcap 150 Index 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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