ICICI Prudential Global Diversified Advantage Fund
ICICI Prudential Life Insurance has rolled out the Global Diversified Advantage Fund, a New Fund Offering (NFO) that lets Indian investors and NRIs put money into companies across the world. Routed through GIFT City and priced at a starting NAV of $10, the NFO starts from 1st July till 26th July.
ICICI Prudential Global Diversified Advantage Fund
What is ICICI Prudential Global Diversified Advantage Fund?
The Global Diversified Advantage Fund is a dollar-denominated fund built around one idea: instead of betting on a single country, you spread your money across the biggest developed markets in the world. The numbers behind it are wide. The fund tracks more than 1,300 companies spread across 23 developed markets, and together those companies cover close to 85% of developed-market capitalisation.
How GIFT City Powers ICICI Prudential Global Diversified Advantage Fund
ICICI Prudential Global Diversified Advantage Fund is offered through GIFT City, and that detail matters more than it sounds.
GIFT City stands for Gujarat International Finance Tec-City, based in Gandhinagar. Inside it sits the International Financial Services Centre (IFSC), a special zone built to make global investing simpler for Indians. The whole area runs under a single regulator, the IFSCA, which pulls together powers that usually sit with the RBI, SEBI and IRDAI.
For an investor, the practical upside is this: through GIFT City, Indians and NRIs (including OCI and PIO holders) can invest in USD-based funds, global markets, ETFs and commodities, all through an Indian insurer. It runs on a separate legal and tax framework, with faster approvals and more relaxed foreign-exchange rules than the rest of the country. So you get international exposure without the usual friction of moving money abroad.
Why Global Investing is Important
Indian markets have done well, but no single country wins every year. Look at the last fifteen years and the top performer keeps shifting, the USA led in some years, China and Japan in others, India in 2014, 2017 and 2022. The driver changes too, from policy stimulus to earnings recoveries to the recent AI-led rally. Concentrating everything in one market means you are exposed every time that market has a flat year.
A global fund tackles this in four ways:
Access to growth you cannot get at home, by owning world leaders like Toyota and LVMH.
Real diversification, so a slowdown or political wobble in one country does not sink your whole portfolio.
Stability from proven businesses with long track records, think Coca-Cola or Apple.
Exposure to the trends shaping the future, from NVIDIA in AI chips to Tesla in electric vehicles.
It also helps to remember how much of daily life already runs on global brands. The phone in your hand, the coffee you drink, the apps you scroll, Samsung, Nescafé, Microsoft, Meta, Amazon, Netflix, these companies earn from billions of people every day. A global fund simply lets you own a piece of that.
Sectors and Companies the ICICI Prudential Global Diversified Advantage Fund Holds
The ICICI Prudential Global Diversified Advantage Fund spreads across every major sector rather than crowding into one theme. A quick snapshot of the kind of companies it leans on:
AI: NVIDIA, ASML
Healthcare: Johnson & Johnson, Roche
Consumer Discretionary: Amazon, McDonald's
Consumer Staples: Nestlé, Coca-Cola
Financials: JPMorgan Chase, Visa
Industrials: Honeywell, Siemens
Technology: Alphabet, Meta
Energy: Shell, ExxonMobil
Some of these names have delivered strong long-run returns. Over the past five years, NVIDIA rose roughly 840%, Eli Lilly around 416%, Mitsubishi Corp about 332%, and ASML close to 173%. Past returns are no promise of future ones, but they show the kind of business the fund tries to hold, established global players that are still expanding.
ICICI Prudential Global Wealth Accelerator Plan: Charges and Benefits
The fund is offered inside the ICICI Prudential Global Wealth Accelerator Plan, a unit-linked plan that pairs the investment with a life cover. The charge structure is on the lighter side:
Premium Allocation Charge: Nil
Policy Administration Charge: Nil
Fund Management Charge: 2%
Surrender Charge: Nil from the 7th year onwards
On flexibility and rewards:
Partial withdrawals are allowed after 36 months, with a charge of 0.5% of the withdrawal value.
Loyalty Additions kick in based on your premium payment term (PPT), 0.10% for a PPT under 5 years and 0.25% for a PPT of 5 years or more.
Maturity Boosters of 1% apply for policy terms of 15 years and above.
The "nil" entry and admin charges mean more of your premium goes to work from day one, while the loyalty and maturity additions reward staying invested.
How to Buy ICICI Prudential Global Diversified Advantage Fund from Policybazaar?
To buy the ICICI Prudential Global Diversified Advantage Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking View Plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with ICICI Pru Life Investment Plans on a blue and red card. Select the ICICI Prudential Global Diversified Advantage Fund option that best suits your needs from the following options:
Step 5: In the ICICI Prudential Global Diversified Advantage Fund, click the "Get Details" tab for more information.
You can also get Free expert consultation; just click on the talk to an expert button.
Step 6: Review plan details carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Investing in the ICICI Prudential Global Diversified Advantage Fund from Policybazaar?
Investing via Policybazaar provides various advantages, including:
Ease of Access: Invest digitally in the ICICI Prudential Global Diversified Advantage Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment plans, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.
FAQs
What is the ICICI Prudential Global Diversified Advantage Fund?
It is a USD-denominated fund offered through GIFT City that invests in more than 1,300 companies across 23 developed markets, giving Indian investors and NRIs broad exposure to the global economy in a single fund.
When does the NFO close and what is the entry NAV?
The NFO runs from 13th to 26th July, with a pre-NFO window from 1st to 12th July and issuance on 27th July. The starting NAV is fixed at $10 until 26th July.
Can NRIs invest in this fund?
Yes. Because it is routed through GIFT City's IFSC, NRIs, OCI and PIO holders can invest in this USD-based fund through an Indian insurer, under a separate and more flexible regulatory framework.
Why is the fund offered through GIFT City?
GIFT City lets investors access global markets, ETFs and dollar funds without the usual cross-border friction. It runs under a single regulator (IFSCA), with liberal foreign-exchange rules, faster approvals and its own tax framework.
Is this a pure investment or does it include insurance?
It is a unit-linked plan, so it combines market-linked investment with a life cover, held inside the ICICI Prudential Global Wealth Accelerator Plan.
Does the fund guarantee returns?
No. Returns depend on how global markets perform, so the value can move up or down. The fund aims to reduce risk by spreading across many countries and sectors rather than relying on any one of them.
An NRO account is taxable for Non-Resident Indians (NRIs) on income earned in India. This includes interest
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount shown for the Global Invest Plan with Global Invest Edu-Wealth option is for a 35-year-old proposer with an 8-year-old son, investing USD 10,000 per year for 5 years. The assumed rates of return @ 8% p.a. and @ 4% p.a. are not guaranteed and are not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: USD 1,55,765 @ 8% growth rate; USD 1,14,899 @ 4% growth rate. Tax benefits and savings are subject to changes in tax laws.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar
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