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
₹14.06
-2.09%
NAV as on 13 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 13 Nov 24, 12:00 AM
very high risk
index funds
equity
14.25%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
14.81%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the ICICI Prudential Nifty Bank Index Fund Growth scheme from ICICI Prudential Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Mar 2022, ICICI Prudential Nifty Bank Index Fund Growth is Index Funds fund of its category with 497.39 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
The objective of the Scheme is to invest in companies whose securities are included in Nifty Bank Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Bank Index in the same weightage that they represent in Nifty Bank Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
HDFC Bank Ltd
28.69%
ICICI Bank Ltd
24.63%
State Bank of India
10.11%
Axis Bank Ltd
8.94%
Kotak Mahindra Bank Ltd
8.92%
IndusInd Bank Ltd
4.22%
The Federal Bank Ltd
3.02%
Bank of Baroda
2.83%
IDFC First Bank Ltd
2.63%
Canara Bank
2.09%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
10.1%
very high risk | equity
10.0%
very high risk | equity
10.0%