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
₹10.26
-2.46%
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
25.97%p.a.
Last 1Y
1.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
0.36%p.a.
Since Inception
About Kotak Global Innovation Fund of Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Global Innovation Fund of Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Aug 2021, Kotak Global Innovation Fund of Fund Growth is Global - Other fund of its category with 646.11 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.
- Kotak Global Innovation Fund of Fund Growth delivered 26.0% annual returns during the last year. It has delivered 0.4% average annual returns since the fund was launched.
- Kotak Global Innovation Fund of Fund 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 primary investment objective of the scheme is to provide long-term capital appreciation by investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs. The Scheme may, at the discretion of the Investment Manager, also invest in the units/ shares of any other similar overseas mutual fund schemes/ETFs. It shall be noted 'similar overseas mutual fund schemes/ETFs' shall have investment objective, investment strategy, asset allocation and risk profile/consideration similar to those of Wellington Global Innovation Fund. However, there is no assurance that the objective of the scheme will be realised.
Top 1 Holdings
Wellington Global Innovation USD S Ac
99.92%
Fund Managers
- Arjun Khanna (Aug 2021 - Present)
Key Information
View Scheme Document
Kotak Global Innovation Fund of Fund 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 Kotak Global Innovation Fund of 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 Kotak Global Innovation Fund of 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 Kotak Global Innovation Fund of 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
Similar Funds
Funds
3Y Return
Motilal Oswal Nasdaq 100 Fund of Fund Growth
very high risk | fof
12.1%
Motilal Oswal S&P 500 Index Fund Growth
very high risk | equity
12.7%
Franklin India Feeder - Franklin U.S. Opportunities Fund Growth
very high risk | fof
4.9%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved