NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

DSP Nifty Next 50 Index Fund Growth for NRI [27.51]

Min Investment

100

Fund Size

844.26 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

27.51

2.27%

NAV as on 06 Nov 24, 12:00 AM

very high risk

index funds

equity

NAV as on 06 Nov 24, 12:00 AM

very high risk

index funds

equity

57.47%p.a.

Last 1Y

18.79%p.a.

Last 3Y

20.10%p.a.

Last 5Y

19.04%p.a.

Since Inception

About DSP Nifty Next 50 Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Nifty Next 50 Index Fund Growth scheme from DSP Asset Managers Private Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Feb 2019, DSP Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 844.26 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.

  • DSP Nifty Next 50 Index Fund Growth delivered 57.5% annual returns during the last year. It has delivered 19.0% average annual returns since the fund was launched.
  • DSP Nifty Next 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

To invest in companies which are constituents of NIFTY Next 50 Index (underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error. However, there is no assurance that the objective of the Scheme will be achieved.

Top 10 Holdings

Vedanta Ltd

4.24%

Hindustan Aeronautics Ltd Ordinary Shares

4.10%

InterGlobe Aviation Ltd

4.04%

Tata Power Co Ltd

3.98%

Power Finance Corp Ltd

3.46%

REC Ltd

3.38%

Divi's Laboratories Ltd

3.37%

Indian Oil Corp Ltd

3.29%

Cholamandalam Investment and Finance Co Ltd

3.27%

TVS Motor Co Ltd

3.26%

Fund Managers

  1. Anil Ghelani (Jul 2019 - Present)
  2. Diipesh Shah (Nov 2020 - Present)

Key Information

View Scheme Document

DSP Nifty Next 50 Index Fund Growth SIP Calculator

If invested

5,000

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 DSP Nifty Next 50 Index Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in DSP Nifty Next 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 DSP Nifty Next 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

Frequently Asked Questions