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
₹2858.58
-0.08%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
45.84%p.a.
Last 1Y
27.23%p.a.
Last 3Y
17.89%p.a.
Last 5Y
0.00%p.a.
Since Inception
About HDFC ELSS TaxSaver Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC ELSS TaxSaver Growth scheme from HDFC Asset Management Co Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Mar 1996, HDFC ELSS TaxSaver Growth is ELSS (Tax Savings) fund of its category with 13,990.29 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- HDFC ELSS TaxSaver Growth delivered 45.8% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- HDFC ELSS TaxSaver Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
ICICI Bank Ltd
9.77%
HDFC Bank Ltd
9.47%
Axis Bank Ltd
6.14%
Hindustan Aeronautics Ltd Ordinary Shares
5.71%
Cipla Ltd
5.56%
State Bank of India
5.38%
Bharti Airtel Ltd
4.65%
SBI Life Insurance Company Limited
4.61%
HCL Technologies Ltd
4.25%
Apollo Hospitals Enterprise Ltd
3.64%
Fund Managers
- Roshi Jain (Jan 2022 - Present)
- Dhruv Muchhal (Jun 2023 - Present)
Key Information
View Scheme Document
HDFC ELSS TaxSaver 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 HDFC ELSS TaxSaver 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 ELSS TaxSaver 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 ELSS TaxSaver 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
Similar Funds
Funds
3Y Return
Axis ELSS Tax Saver Fund Growth
very high risk | elss
12.0%
SBI Long Term Equity Fund Growth
very high risk | elss
28.7%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
18.6%
Frequently Asked Questions
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