NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
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About HDFC Innovation Fund - Plan - IDCW Payout for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Innovation Fund - Plan - IDCW Payout scheme from HDFC Asset Management Company Limited. It is a Thematic - Innovation mutual fund scheme that predominantly invests in Thematic - Innovation stocks of companies. Launched on Jan 1970, HDFC Innovation Fund - Plan - IDCW Payout is Thematic - Innovation fund of its category with 0 fund under management as on Jan 1970. The expense ratio of this fund is less than that of most other Fund category Thematic - Innovation funds.
- HDFC Innovation Fund - Plan - IDCW Payout delivered 0.0% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- HDFC Innovation Fund - Plan - IDCW Payout scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate long-term capital appreciation / income by investing in companies that are adopting innovative themes and strategies.
Top 0 Holdings
Fund Managers
Key Information
View Scheme Document
HDFC Innovation Fund - Plan - IDCW Payout SIP Calculator
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NRI Mutual Fund Tax on HDFC Innovation Fund - Plan - IDCW Payout
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 Innovation Fund - Plan - IDCW Payout?
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 Innovation Fund - Plan - IDCW Payout
- 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
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