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
₹12.53
0.56%
NAV as on 29 Apr 24, 12:00 AM
very high risk
global other
debt
NAV as on 29 Apr 24, 12:00 AM
very high risk
global other
debt
22.79%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
10.60%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 1,253.04 Cr fund under management as on Apr 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 22.8% annual returns during the last year. It has delivered 10.6% 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
CSIF (IE) MSCI USA Blue ETF B USD
70.60%
CSIF (Lux) Equity Europe CB USD
17.30%
CSIF (Lux) Equity Japan CB USD
6.16%
CSIF (Lux) Equity Canada CB USD
3.07%
CSIF (Lux) Equity Pacific ex Jpn CB USD
2.72%
Fund Managers
- Arun Agarwal (Feb 2022 - Present)
- Nirman Morakhia (Feb 2023 - Present)
Key Information
View Scheme Document
HDFC Developed World Indexes Fund of Funds Growth SIP Calculator
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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 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 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
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