ICICI Prudential Global Advantage Fund FOF Direct Growth

ICICI Prudential Global Advantage Fund FOF Direct Growth is an equity fund. This fund was started on 9 October, 2019. The fund is managed by Sankaran Naren, Dharmesh Kakkad. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Global Advantage Fund FOF Direct Growth has ₹310 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 1.6.
   

ICICI Prudential Global Advantage Fund FOF Direct Growth has given a CAGR return of 10.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.16%, 11.80% and 9.87% respectively.

ICICI Prudential Global Advantage Fund FOF Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Government, Industrial, Corporate, Health, Consumer Defensive, Communication, Basic Materials, Real Estate, Energy, Utilities. Its top holdings are ICICI Pru US Bluechip Equity Dir Gr, Nippon India ETF Hang Seng BeES, Nippon India Japan Equity Dir Gr, Franklin Asian Eq Dir Gr, ICICI Pru All Seasons Bond Dir Gr

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

ICICI Prudential Global Advantage Fund (the scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (manage by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. Certain corpus of the scheme will also be invest in units of domestic mutual fund schemes / ETFs manage by ICICI Prudential Mutual Fund or any other Mutual Fund(s) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Global Advantage Fund FOF Direct Growth has no lock in period.