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
₹94.88
0.14%
NAV as on 04 Nov 24, 12:00 AM
low to moderate risk
government bond
debt
NAV as on 04 Nov 24, 12:00 AM
low to moderate risk
government bond
debt
9.72%p.a.
Last 1Y
5.85%p.a.
Last 3Y
6.63%p.a.
Last 5Y
7.30%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Kotak Gilt Investment Fund Provident Fund and Trust Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Nov 2003, Kotak Gilt Investment Fund Provident Fund and Trust Growth is Government Bond fund of its category with 4,109.47 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
The objective of the Plan is to generate risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as and when permitted by RBI. A portion of the fund may be invested in Reverse repo, CBLO and/or other similar instruments as may be notified to meet the day-to-day liquidity requirements of the Plan. To ensure total safety of Unit holders' funds, the Plan does not invest in any other securities such as shares, debentures or bonds issued by any other entity. The Fund will seek to underwrite issuance of Government Securities if and to the extent permitted by SEBI/ RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time.
7.30 Goi 19062053
24.36%
7.34% Govt Stock 2064
21.66%
7.25% Govt Stock 2063
19.68%
7.46% Govt Stock 2073
9.90%
07.09 Goi 05082054
6.16%
07.18 Goi 24072037
5.05%
6.8% Govt Stock 2060
5.00%
07.32 Goi 2030
1.25%
Tamil Nadu (Government of) 0.0738%
0.58%
07.95 FERT BND 2026
0.29%
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
low to moderate risk | debt
6.9%
low to moderate risk | debt
6.9%
low to moderate risk | debt
6.9%