ICICI Prudential Global Stable Equity Fund(FOF) Direct Growth
Min amount: ₹1,000
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|Fund Type||Global - Other|
|Exit Load||1% for 31 Days|
More about this fund
|Nordea 1 - Global Stable Equity Z USD||98.51%|
About ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth
The main intention of the ICICI Prudential Global Stable Equity Fund is to generate reasonable returns by investing in the units of international mutual fund plans that, in turn, invest globally. The scheme invests in the units of Nordea 1 Global Stable Equity Fund - Unhedged (N1 - GSEF - U) and similar overseas mutual fund schemes.
Pros and Cons of ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth
The most significant advantage of investing in this fund you gain exposure to international securities. This gives you the potential to earn overwhelming returns when the global markets seem favourable. On the flip side, the fund can be risky at times as several geopolitical and economic factors affect its performance.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth was launched on 13 September 2013.
ii) Risk Level
ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth is clubbed under ‘high risk’ category of mutual funds.
Since ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth is an open-ended mutual fund scheme, the redemption requests can be placed at any time.
iv) Fund Manager
Mr Rohan Maru is the current fund manager of ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth.
v) Entry/Exit Load
ICICI Prudential Global Stable Equity Fund - Direct Plan - Growth does not have any entry load as per the directives of the Securities and Exchange Board of India (SEBI). An exit load of 1% will be charged on redemptions made within one month from the date of allocation.
About ICICI Prudential Mutual Fund
The ICICI Prudential Mutual Fund entered the Indian mutual fund fore back in December 1999. The fund house was set up as a result of the joint venture between ICICI Bank Ltd and Prudential Plc, and they are the sponsorers of the fund house as well. With assets worth a massive Rs 3.67 lakh crore under its management as of June 2020, ICICI Prudential Mutual Fund is a leading fund house in India.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns