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
₹9.23
-0.27%
NAV as on 21 Nov 24, 12:00 AM
very high risk
equity other
fof
NAV as on 21 Nov 24, 12:00 AM
very high risk
equity other
fof
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-3.91%p.a.
Since Inception
About Groww Nifty EV & New Age Automotive ETF FoF Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Nifty EV & New Age Automotive ETF FoF Growth scheme from Groww Asset Management Ltd.. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Aug 2024, Groww Nifty EV & New Age Automotive ETF FoF Growth is Equity - Other fund of its category with 102.81 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.
- Groww Nifty EV & New Age Automotive ETF FoF Growth delivered 0.0% annual returns during the last year. It has delivered -3.9% average annual returns since the fund was launched.
- Groww Nifty EV & New Age Automotive ETF FoF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 1 Holdings
Groww Nifty EV & New Age Automotive ETF
100.05%
Fund Managers
- Abhishek Jain (Aug 2024 - Present)
Key Information
View Scheme Document
Groww Nifty EV & New Age Automotive ETF FoF 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 Groww Nifty EV & New Age Automotive ETF FoF 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 Groww Nifty EV & New Age Automotive ETF FoF 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 Groww Nifty EV & New Age Automotive ETF FoF 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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