INF109KA1CB6

ICICI Prudential Global Stable Equity Fund(FOF) Growth

Very High Risk Global - Other Equity

NAV (Mon Sep 09 2024)

₹26

Returns (Since Inception)

8.05%

Category Average

0.00%

Rating

NA

Allocation and Holdings

Asset class

Weightage

Unknown

99.96%

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Overall rating

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Scheme Information

Fund name

ICICI Prudential Global Stable Equity Fund(FOF) Growth


Minimum SIP

1000


Risk Level

Very High Risk


AUM

₹123.23 Cr


ISIN

INF109KA1CB6


Inception Date

Sep 13 2013


Standard Deviation

11.589


Beta

-


Sharpe Ratio

0.256


Benchmark

MSCI World NR LCL


Expense Ratio

2.190%


Exit Load

For redemption/switch out of units up to 1 month from the date of allotment 1% of the applicable NAV. For redemption/switch out of units more than 1 month from the date of allotment Nil. However, the Trustee shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations.

Risk

Very High Risk

Investment Objective

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.

Fund Managers

Rohan Maru

Priyanka Khandelwal

Sharmila D’mello

About the AMC

ICICI Prudential Asset Management Company Limited


Phone Number

+91 22 26428000


Corporate Office Address

ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)

Overall AUM

₹123.23 Cr


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frequently asked questions

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What is the current NAV of ICICI Prudential Global Stable Equity Fund(FOF) Growth?

The NAV of ICICI Prudential Global Stable Equity Fund(FOF) Growth is ₹26 as of Mon Sep 09 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of ICICI Prudential Global Stable Equity Fund(FOF) Growth?

Rohan Maru is the current fund manager of ICICI Prudential Global Stable Equity Fund(FOF) Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of ICICI Prudential Global Stable Equity Fund(FOF) Growth?

The Expense Ratio of ICICI Prudential Global Stable Equity Fund(FOF) Growth is 219.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 219.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of ICICI Prudential Global Stable Equity Fund(FOF) Growth?

The minimum Systematic Investment Plan (SIP) amount required for ICICI Prudential Global Stable Equity Fund(FOF) Growth is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in ICICI Prudential Global Stable Equity Fund(FOF) Growth?

To initiate a lump sum investment in ICICI Prudential Global Stable Equity Fund(FOF) Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the ICICI Prudential Global Stable Equity Fund(FOF) Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of ICICI Prudential Global Stable Equity Fund(FOF) Growth is classified as Very High Risk.

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What is the category of ICICI Prudential Global Stable Equity Fund(FOF) Growth?

The category of the ICICI Prudential Global Stable Equity Fund(FOF) Growth is Equity.

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