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
₹19.22
-0.83%
NAV as on 30 Apr 24, 12:00 AM
high risk
sector precious metals
fof
NAV as on 30 Apr 24, 12:00 AM
high risk
sector precious metals
fof
18.18%p.a.
Last 1Y
13.88%p.a.
Last 3Y
16.22%p.a.
Last 5Y
5.09%p.a.
Since Inception
About LIC MF Gold ETF FOF Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Gold ETF FOF Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Sector - Precious Metals mutual fund scheme that predominantly invests in Sector - Precious Metals stocks of companies. Launched on Aug 2012, LIC MF Gold ETF FOF Growth is Sector - Precious Metals fund of its category with 48.87 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Precious Metals funds.
- LIC MF Gold ETF FOF Growth delivered 18.2% annual returns during the last year. It has delivered 5.1% average annual returns since the fund was launched.
- LIC MF Gold ETF FOF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by LIC MF Gold Exchange Traded Fund.
Top 1 Holdings
LIC MF Gold ETF
99.47%
Fund Managers
- Yash Dhoot (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF Gold ETF FOF 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 LIC MF Gold ETF FOF 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 LIC MF Gold ETF FOF 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 LIC MF Gold ETF FOF 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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Frequently Asked Questions
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