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
₹44.16
0.11%
NAV as on 29 Jul 23, 12:00 AM
very high risk
large cap
equity
NAV as on 29 Jul 23, 12:00 AM
very high risk
large cap
equity
15.39%p.a.
Last 1Y
21.88%p.a.
Last 3Y
12.61%p.a.
Last 5Y
14.09%p.a.
Since Inception
About IDBI India Top 100 Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the IDBI India Top 100 Equity Fund Growth scheme from IDBI Asset Management Limited. It is a Large-Cap mutual fund scheme that predominantly invests in Large-Cap stocks of companies. Launched on May 2012, IDBI India Top 100 Equity Fund Growth is Large-Cap fund of its category with 654.87 Cr fund under management as on Jul 2023. The expense ratio of this fund is less than that of most other Fund category Large-Cap funds.
- IDBI India Top 100 Equity Fund Growth delivered 15.4% annual returns during the last year. It has delivered 14.1% average annual returns since the fund was launched.
- IDBI India Top 100 Equity Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Investment objective of the Scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related Instruments of Large Cap companies. However there can be no assurance that the investment objective under the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
7.98%
ICICI Bank Ltd
7.27%
Reliance Industries Ltd
6.46%
State Bank of India
4.96%
Axis Bank Ltd
4.93%
Infosys Ltd
4.28%
Housing Development Finance Corp Ltd
3.90%
Larsen & Toubro Ltd
2.92%
Tata Consultancy Services Ltd Shs Dematerialised
2.69%
Kotak Mahindra Bank Ltd
2.29%
Fund Managers
- Alok Ranjan (Aug 2021 - Present)
Key Information
View Scheme Document
IDBI India Top 100 Equity Fund Growth SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on IDBI India Top 100 Equity Fund 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 IDBI India Top 100 Equity 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 India Top 100 Equity 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
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Frequently Asked Questions
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