July 8, 2022
mayank
ICICI Prudential Global Stable Equity Fund (FOF) Guidance
NAV Growth : Rs 21.7300
NAV IDCW : Rs 21.7300
Suitable For Which Investors ?
“This is a fund that invests mainly in shares of foreign companies. When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
International equity funds are suitable to invest a part of your money in for diversification, so that if the Indian markets are going through a sharp correction, a portion of your money is insulated. But make sure you invest in a fund that has a broad mandate of investing in companies of different sizes, sectors and countries.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to provide adequate returns by investing in the units of overseas mutual fund schemes, which have the mandate to invest globally. Accordingly, the Scheme intends to invest in the units/shares of Nordea 1 – Global Stable Equity Fund – Unhedged (N1 – GSEF – U) and/or other overseas mutual funds. 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.
Fund Manager :
— Rohan Maru
Education : Mr. Maru is M.Com and MBA in Finance.
Experience : Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 30 days |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 13-Sep-13 |
| Return Since Launch: | 9.20% |
| Benchmark: | MSCI World Net Return |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 106 Cr |
| (As on 31-May-2022) | |
| Expense: | 1.26% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | — |
ICICI Prudential Global Stable Equity Fund (FOF) Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Global Stable Equity (FOF) Direct-G | -2.69 | 0.42 | 2.02 | -2.56 | -4.15 | -2.73 | -0.87 | 10.78 | 9.71 | 9.11 | — |
| S&P BSE 500 TRI | -7.18 | 0.97 | 2.87 | -1.03 | -8.84 | -9.33 | 2.38 | 14.2 | 11.72 | 11.55 | — |
ICICI Prudential Global Stable Equity Fund (FOF) Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Global Stable Equity Fund (FOF) | Unrated | Sep-13 | -0.87 | 10.78 | 9.71 | 1.26% | 106 |
| Motilal Oswal Nasdaq 100 FOF | Unrated | Nov-18 | -13.87 | 20.56 | — | 0.10% | 3,601 |
| Franklin India Feeder Franklin US Opportunities Fund | Unrated | Jan-13 | -24.69 | 11.63 | 15.23 | 0.50% | 3,116 |
| Motilal Oswal S&P 500 Index Fund | Unrated | Apr-20 | -5.84 | — | — | 0.52% | 2,567 |
| ICICI Prudential US Bluechip Equity Fund | Unrated | Jan-13 | -7.48 | 16.41 | 15.83 | 1.08% | 1,976 |
ICICI Prudential Global Stable Equity Fund (FOF) Guidance by Chanakya :
Do not invest in this, or any other international equity fund, if you need to redeem your investment in less than five years.
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