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

INVEST VIA NRE/NRO

IDBI Gilt Fund Growth for NRI [17.93]

Min Investment

₹0

Fund Size

₹7.89 Cr

Expense Ratio

1.2%

Exit Load

0%

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

₹17.93

0.01%

NAV as on 07 Dec 22, 12:00 AM

low risk

government bond

debt

NAV as on 07 Dec 22, 12:00 AM

low risk

government bond

debt

2.27%p.a.

Last 1Y

4.46%p.a.

Last 3Y

4.66%p.a.

Last 5Y

6.04%p.a.

Since Inception

About IDBI Gilt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the IDBI Gilt Fund Growth scheme from IDBI Asset Management Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Dec 2012, IDBI Gilt Fund Growth is Government Bond fund of its category with 7.89 Cr fund under management as on Dec 2022. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • IDBI Gilt Fund Growth delivered 2.3% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
  • IDBI Gilt Fund 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 would be to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of central government dated securities, state government securities and treasury bills. However, there can be no assurance that the investment objective of the scheme will be realized / achieved.

Top 2 Holdings

7.38% Govt Stock 2027

76.91%

7.1% Govt Stock 2029

12.57%

Fund Managers

  1. Raju Sharma (May 2017 - Present)

Key Information

View Scheme Document

IDBI Gilt Fund 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 IDBI Gilt Fund 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 IDBI Gilt Fund 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 IDBI Gilt Fund 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

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