NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Kotak Nifty Next 50 Index Fund Growth for NRI [20.23]

Min Investment

100

Fund Size

372.33 Cr

Expense Ratio

0.6%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

20.23

0.03%

NAV as on 18 Dec 24, 12:00 AM

very high risk

index funds

equity

NAV as on 18 Dec 24, 12:00 AM

very high risk

index funds

equity

32.29%p.a.

Last 1Y

18.50%p.a.

Last 3Y

0.00%p.a.

Last 5Y

20.58%p.a.

Since Inception

About Kotak Nifty Next 50 Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak Nifty Next 50 Index Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Mar 2021, Kotak Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 372.33 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • Kotak Nifty Next 50 Index Fund Growth delivered 32.3% annual returns during the last year. It has delivered 20.6% average annual returns since the fund was launched.
  • Kotak Nifty Next 50 Index 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 replicate the composition of the Nifty Next 50 and to generate returns that are commensurate with the performance of the NIFTY Next 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized

Top 10 Holdings

Hindustan Aeronautics Ltd Ordinary Shares

4.33%

Vedanta Ltd

4.23%

Divi's Laboratories Ltd

4.02%

Tata Power Co Ltd

3.99%

InterGlobe Aviation Ltd

3.77%

Power Finance Corp Ltd

3.56%

REC Ltd

3.50%

Siemens Ltd

3.31%

TVS Motor Co Ltd

3.15%

Info Edge (India) Ltd

3.12%

Fund Managers

  1. Devender Singhal (Mar 2021 - Present)
  2. Satish Dondapati (Mar 2021 - Present)

Key Information

View Scheme Document

Kotak Nifty Next 50 Index Fund Growth SIP Calculator

If invested

5,000

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 Nifty Next 50 Index Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Kotak Nifty Next 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 Kotak Nifty Next 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

Frequently Asked Questions