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
₹48.19
0.63%
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
63.31%p.a.
Last 1Y
22.99%p.a.
Last 3Y
18.13%p.a.
Last 5Y
11.77%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the LIC MF Nifty Next 50 Index Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Sep 2010, LIC MF Nifty Next 50 Index Growth is Index Funds fund of its category with 73.87 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty Next 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty Next 50 Index (Total Returns Index) and the Scheme.
Trent Ltd
4.77%
Bharat Electronics Ltd
3.96%
Tata Power Co Ltd
3.68%
Hindustan Aeronautics Ltd Ordinary Shares
3.41%
Indian Oil Corp Ltd
3.39%
DLF Ltd
3.16%
Power Finance Corp Ltd
3.15%
REC Ltd
3.14%
InterGlobe Aviation Ltd
2.78%
TVS Motor Co Ltd
2.75%
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
16.5%
very high risk | equity
16.4%
very high risk | equity
16.4%