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
₹10.13
0.29%
NAV as on 18 Dec 24, 12:00 AM
very high risk
fund of funds
fof
NAV as on 18 Dec 24, 12:00 AM
very high risk
fund of funds
fof
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-1.10%p.a.
Since Inception
About Groww Nifty India Defence ETF FoF Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Nifty India Defence ETF FoF Growth scheme from Groww Asset Management Ltd.. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Oct 2024, Groww Nifty India Defence ETF FoF Growth is Fund of Funds fund of its category with 26.96 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- Groww Nifty India Defence ETF FoF Growth delivered 0.0% annual returns during the last year. It has delivered -1.1% average annual returns since the fund was launched.
- Groww Nifty India Defence 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 India Defence ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 1 Holdings
Groww Nifty India Defence ETF
100.35%
Fund Managers
- Abhishek Jain (Oct 2024 - Present)
Key Information
View Scheme Document
Groww Nifty India Defence 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 India Defence 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 India Defence 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 India Defence 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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