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
₹12.13
0.76%
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity other
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
24.61%p.a.
Since Inception
About Baroda BNP Paribas Innovation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Baroda BNP Paribas Innovation Fund Growth scheme from Baroda BNP Paribas Asset Management India Pvt. Ltd.. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Mar 2024, Baroda BNP Paribas Innovation Fund Growth is Equity - Other fund of its category with 1,137.74 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Baroda BNP Paribas Innovation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 24.6% average annual returns since the fund was launched.
- Baroda BNP Paribas Innovation 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 seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Infosys Ltd
3.91%
Info Edge (India) Ltd
3.80%
Trent Ltd
3.76%
PB Fintech Ltd
3.64%
Bharti Airtel Ltd
3.25%
Bosch Ltd
2.99%
TVS Motor Co Ltd
2.92%
ICICI Bank Ltd
2.90%
Linde India Ltd
2.88%
Zomato Ltd
2.84%
Fund Managers
- Pratish Krishnan (Mar 2024 - Present)
- Miten Vora (Mar 2024 - Present)
Key Information
View Scheme Document
Baroda BNP Paribas Innovation Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Baroda BNP Paribas Innovation 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 Baroda BNP Paribas Innovation 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 Baroda BNP Paribas Innovation 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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