July 8, 2022
mayank
ICICI Prudential Global Advantage Fund (FOF) Guidance
NAV Growth : Rs 12.2178
NAV IDCW : Rs 12.2178
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 generate returns by investing in units of one or more mutual fund schemes / ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets.
Fund Manager :
— Dharmesh Kakkad
Education : Mr. kakkad is B.com., CA & CFA.
Experience : He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.
— Sankaran Naren
Education : Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience : Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | — |
| 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: | 07-Oct-19 |
| Return Since Launch: | 7.55% |
| Benchmark: | S&P Global 1200 TRI (80), S&P BSE Sensex TRI (20) |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 207 Cr |
| (As on 31-May-2022) | |
| Expense: | 0.40% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | — |
ICICI Prudential Global Advantage 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 Advantage Fund (FOF) Direct-G | -10.39 | 0.39 | 0.81 | -2.86 | -5.83 | -9.86 | -15.9 | — | — | — | — |
| S&P BSE 500 TRI | -7.18 | 0.97 | 2.87 | -1.03 | -8.84 | -9.33 | 2.38 | — | — | — | — |
ICICI Prudential Global Advantage 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 Advantage Fund (FOF) | Unrated | Oct-19 | -15.9 | — | — | 0.40% | 207 |
| 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 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,76,956 | 15,78,537 |
| Giant (%) | 81.85 | 83.5 |
| Large (%) | 13.28 | 14.13 |
| Mid (%) | 4.86 | 7.66 |
| Small (%) | — | 28.42 |
| Tiny (%) | — | — |
ICICI Prudential Global Advantage 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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