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
₹10.14
-1.59%
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
1.28%p.a.
Since Inception
About Bandhan Nifty Bank Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bandhan Nifty Bank 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 Aug 2024, Bandhan Nifty Bank Index Fund Growth is Index Funds fund of its category with 13.31 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Bandhan Nifty Bank Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered 1.3% average annual returns since the fund was launched.
- Bandhan Nifty Bank 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 Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors.
Top 10 Holdings
HDFC Bank Ltd
28.70%
ICICI Bank Ltd
24.64%
State Bank of India
10.12%
Axis Bank Ltd
8.94%
Kotak Mahindra Bank Ltd
8.92%
IndusInd Bank Ltd
4.22%
The Federal Bank Ltd
3.02%
Bank of Baroda
2.83%
IDFC First Bank Ltd
2.63%
Canara Bank
2.09%
Fund Managers
- Nemish Sheth (Aug 2024 - Present)
Key Information
View Scheme Document
Bandhan Nifty Bank Index Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Bandhan Nifty Bank 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 Bank 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 Bank 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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13.2%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
13.2%
Frequently Asked Questions
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