NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹14.12
0.89%
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
37.47%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
47.88%p.a.
Since Inception
About Bandhan Nifty Alpha 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bandhan Nifty Alpha 50 Index Fund Growth scheme from Bandhan Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Nov 2023, Bandhan Nifty Alpha 50 Index Fund Growth is Index Funds fund of its category with 296.21 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Bandhan Nifty Alpha 50 Index Fund Growth delivered 37.5% annual returns during the last year. It has delivered 47.9% average annual returns since the fund was launched.
- Bandhan Nifty Alpha 50 Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Top 10 Holdings
Rail Vikas Nigam Ltd
3.78%
Inox Wind Ltd
3.73%
Trent Ltd
3.61%
Cochin Shipyard Ltd
3.42%
Oil India Ltd
3.25%
BSE Ltd
3.23%
Multi Commodity Exchange of India Ltd
3.16%
Indian Railway Finance Corp Ltd Ordinary Shares
2.97%
Housing & Urban Development Corp Ltd
2.74%
NBCC India Ltd
2.69%
Fund Managers
- Nemish Sheth (Nov 2023 - Present)
Key Information
View Scheme Document
Bandhan Nifty Alpha 50 Index Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Bandhan Nifty Alpha 50 Index Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bandhan Nifty Alpha 50 Index Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bandhan Nifty Alpha 50 Index Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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12.0%
ICICI Prudential Nifty 50 Index Plan Growth
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11.9%
Frequently Asked Questions
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