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
₹12.49
-0.17%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
25.60%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
18.15%p.a.
Since Inception
About 360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth scheme from 360 ONE Asset Management Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Jan 2023, 360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth is ELSS (Tax Savings) fund of its category with 62.39 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- 360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth delivered 25.6% annual returns during the last year. It has delivered 18.1% average annual returns since the fund was launched.
- 360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The investment objective of scheme is to invest in in stocks comprising the Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total Returns Index of Nifty 50 Index, subject to tracking error, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. There is no assurance or guarantee that the investment objective of the Scheme would be achieved. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Top 10 Holdings
HDFC Bank Ltd
10.94%
Reliance Industries Ltd
10.11%
ICICI Bank Ltd
7.71%
Infosys Ltd
5.38%
Larsen & Toubro Ltd
4.48%
Tata Consultancy Services Ltd
3.95%
ITC Ltd
3.82%
Bharti Airtel Ltd
3.15%
Axis Bank Ltd
2.94%
State Bank of India
2.90%
Fund Managers
- Parijat Garg (Jan 2023 - Present)
Key Information
View Scheme Document
360 ONE ELSS Tax Saver Nifty 50 Index Fund Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on 360 ONE ELSS Tax Saver Nifty 50 Index 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 360 ONE ELSS Tax Saver Nifty 50 Index 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 360 ONE ELSS Tax Saver Nifty 50 Index 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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