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

INVEST VIA NRE/NRO

HDFC Developed World Indexes Fund of Funds Growth for NRI [14.67]

Min Investment

100

Fund Size

1,286.67 Cr

Expense Ratio

0.6%

Exit Load

1%

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

14.67

0.06%

NAV as on 17 Dec 24, 12:00 AM

very high risk

global other

debt

NAV as on 17 Dec 24, 12:00 AM

very high risk

global other

debt

21.90%p.a.

Last 1Y

10.88%p.a.

Last 3Y

0.00%p.a.

Last 5Y

12.38%p.a.

Since Inception

About HDFC Developed World Indexes Fund of Funds Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HDFC Developed World Indexes Fund of Funds Growth scheme from HDFC Asset Management Co Ltd. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Oct 2021, HDFC Developed World Indexes Fund of Funds Growth is Global - Other fund of its category with 1,286.67 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.

  • HDFC Developed World Indexes Fund of Funds Growth delivered 21.9% annual returns during the last year. It has delivered 12.4% average annual returns since the fund was launched.
  • HDFC Developed World Indexes Fund of Funds Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the Scheme is to provide long term capital appreciation by passively investing in units/ shares of overseas Index Funds and/or ETFs which will in aggregate closely correspond to the MSCI World Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.

Top 5 Holdings

UBS ETF MSCI USA NSL USD A-acc

73.46%

CSIF (Lux) Equity Europe CB USD

15.16%

CSIF (Lux) Equity Japan CB USD

5.28%

CSIF (Lux) Equity Canada CB USD

3.11%

CSIF (Lux) Equity Pacific ex Jpn CB USD

2.69%

Fund Managers

  1. Arun Agarwal (Feb 2022 - Present)
  2. Nirman Morakhia (Feb 2023 - Present)

Key Information

View Scheme Document

HDFC Developed World Indexes Fund of Funds 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 HDFC Developed World Indexes Fund of Funds 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 HDFC Developed World Indexes Fund of Funds 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 HDFC Developed World Indexes Fund of Funds 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