ICICI Prudential Global Stable Equity Fund FOF Direct Growth

ICICI Prudential Global Stable Equity Fund FOF Direct Growth is an equity fund. This fund was started on 13 September, 2013. The fund is managed by Ritesh Lunawat. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Global Stable Equity Fund FOF Direct Growth has ₹100 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 Stable Equity Fund FOF Direct Growth has given a CAGR return of 9.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.72%, 9.73% and 12.70% respectively.

ICICI Prudential Global Stable Equity Fund FOF Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Defensive, Communication, Tech, Utilities, Industrial, Consumer Cyclical, Financial Services, Basic Materials, Derivatives, Real Estate. Its top holdings are Nordea 1 - Global Stable Equity Z USD

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 Stable Equity Fund (the Scheme) is an open-ended fund of funds scheme that seeks to provide adequate returns by investing in the units of one or more overseas mutual fund schemes, which have the mandate to invest globally. Currently the Scheme intends to invest in the units/shares of Nordea 1 – Global Stable Equity Fund – Unhedged (N1 – GSEF - U). The fund manager may also invest in one or more other overseas mutual fund schemes, with similar investment policy/fundamental attributes and risk profile and is in accordance with the investment strategy of the Scheme. The Scheme may also invest a certain portion of its corpus in domestic money market securities and/or money market/liquid schemes of domestic mutual funds including that of ICICI Prudential Mutual Fund, in order to meet liquidity requirements from time to time. However, there can be no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Global Stable Equity Fund FOF Direct Growth has no lock in period.