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
₹19.31
1.87%
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
45.61%p.a.
Last 1Y
16.81%p.a.
Last 3Y
0.00%p.a.
Last 5Y
20.70%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 346.22 Cr fund under management as on Nov 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 45.6% annual returns during the last year. It has delivered 20.7% 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
- Devender Singhal (Mar 2021 - Present)
- Satish Dondapati (Mar 2021 - Present)
Key Information
View Scheme Document
Kotak Nifty Next 50 Index Fund Growth SIP Calculator
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For a period of
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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 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 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
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3Y Return
UTI Nifty 50 Index Fund Plan Growth
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12.1%
HDFC Nifty 50 Index Fund
very high risk | equity
12.0%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
11.9%
Frequently Asked Questions
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