ICICI Prudential Indo Asia Fund

ICICI Prudential Indo Asia Fund is managed by an experienced manager Atul Patel and Manish Gunwani. The scheme endeavors to generate long term capital appreciation by investing in equity, equity related securities of companies, which are incorporated or have their area of primary activity, in the Asia pacific region. In the beginning the scheme will be investing in share classes of International Opportunity Fund - Asian equity fund and thereafter they may choose to make investment in listed shares, securities in Asia.

Where does ICICI Prudential Indo Asia Fund invest your money?

ICICI Prudential Indo Asia Fund is a large cap fund which means most of your money will be invested in large companies. And just to give kicker returns the fund has some exposure in mid cap companies as well. Large cap companies tend to be stable compared to mid cap and small cap companies. It has 70.42% exposure to large sized companies and 19.99% exposure to mid sized companies and 9.59% exposure to small sized companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home purchase
Not suitable for what?
  • Creation of wealth
  • Short term needs
  • Lifestyle needs
How has ICICI Prudential Indo Asia Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 2009, your value of investments would be around Rs 1.20 lakhs. The performance has been not been similar to that of the other large cap mutual funds. The fund has been giving at around 4.6% every year for those who stayed invested in the last 5 years. 

Assume you had invested Rs 10,000 every month in it through SIP for the past 5 years today you would have around Rs 8.11 lakhs.

How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. You can make ICICI Prudential Indo Asia Fund as part of your core portfolio. Core portfolio is investments that are made for your basic goals and makes up about 70% of your investment portfolio. Do not do the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential Indo Asia Fund is 2.69%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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