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
₹29.20
0.66%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
36.87%p.a.
Last 1Y
14.27%p.a.
Last 3Y
23.75%p.a.
Last 5Y
24.08%p.a.
Since Inception
About Kotak Pioneer Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Pioneer Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Oct 2019, Kotak Pioneer Fund Growth is Equity - Other fund of its category with 2,628.58 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Kotak Pioneer Fund Growth delivered 36.9% annual returns during the last year. It has delivered 24.1% average annual returns since the fund was launched.
- Kotak Pioneer 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 generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
iShares NASDAQ 100 ETF USD Acc
15.77%
Reliance Industries Ltd
4.26%
Zomato Ltd
4.13%
Bharti Hexacom Ltd
3.65%
Maruti Suzuki India Ltd
3.54%
Persistent Systems Ltd
3.26%
InterGlobe Aviation Ltd
2.81%
Sun Pharmaceuticals Industries Ltd
2.74%
Bharat Forge Ltd
2.55%
UNO Minda Ltd
2.52%
Fund Managers
- Harish Bihani (Oct 2023 - Present)
Key Information
View Scheme Document
Kotak Pioneer Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Kotak Pioneer 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 Pioneer 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 Pioneer 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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