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

INVEST VIA NRE/NRO

ICICI Prudential Nifty Private Bank Index Fund-Growth for NRI [10.36]

Min Investment

₹1,000

Fund Size

₹21.3 Cr

Expense Ratio

0.9%

Exit Load

%

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

₹10.36

1.18%

NAV as on 16 Feb 26, 12:00 AM

risk

index

equity

NAV as on 16 Feb 26, 12:00 AM

risk

index

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

3.61%p.a.

Since Inception

About ICICI Prudential Nifty Private Bank Index Fund-Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty Private Bank Index Fund-Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Index mutual fund scheme that predominantly invests in Index stocks of companies. Launched on Jul 2025, ICICI Prudential Nifty Private Bank Index Fund-Growth is Index fund of its category with 21.3 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.

  • ICICI Prudential Nifty Private Bank Index Fund-Growth delivered 0.0% annual returns during the last year. It has delivered 3.6% average annual returns since the fund was launched.
  • ICICI Prudential Nifty Private Bank 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 objective of the Scheme is to invest in companies whose securities are included in Nifty Private Bank Index, subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Private Bank Index in the same weightage that they represent in Nifty Private Bank Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Top 10 Holdings

Axis Bank Ltd

21.30%

The Federal Bank Ltd

5.35%

HDFC Bank Ltd

19.81%

ICICI Bank Ltd

21.22%

Indusind Bank Ltd

4.45%

Kotak Mahindra Bank Ltd

17.99%

Yes Bank Ltd

2.84%

RBL Bank Ltd

1.36%

Repo

0.46%

Net Payables

-0.27%

Fund Managers

  1. Nishit Patel (Jul 2025 - Present)
  2. Ashwini Jemin Bharucha (Jul 2025 - Present)
  3. Venus Ahuja (Nov 2025 - Present)

Key Information

View Scheme Document

ICICI Prudential Nifty Private Bank Index 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 Nifty Private Bank Index 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 Nifty Private Bank 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 Private Bank 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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