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

INVEST VIA NRE/NRO

Kotak BSE Housing Index Fund Growth for NRI [13.97]

Min Investment

100

Fund Size

19.05 Cr

Expense Ratio

0.7%

Exit Load

0%

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

13.97

2.59%

NAV as on 06 Nov 24, 12:00 AM

very high risk

index funds

equity

NAV as on 06 Nov 24, 12:00 AM

very high risk

index funds

equity

34.27%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

30.67%p.a.

Since Inception

About Kotak BSE Housing Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Kotak BSE Housing 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 Aug 2023, Kotak BSE Housing Index Fund Growth is Index Funds fund of its category with 19.05 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 BSE Housing Index Fund Growth delivered 34.3% annual returns during the last year. It has delivered 30.7% average annual returns since the fund was launched.
  • Kotak BSE Housing 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 S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors.

Top 10 Holdings

Dixon Technologies (India) Ltd

6.38%

Voltas Ltd

6.09%

Asian Paints Ltd

5.47%

Grasim Industries Ltd

5.45%

Godrej Properties Ltd

5.28%

Havells India Ltd

5.24%

Phoenix Mills Ltd

5.16%

DLF Ltd

4.98%

UltraTech Cement Ltd

4.97%

Ambuja Cements Ltd

4.91%

Fund Managers

  1. Abhishek Bisen (Sep 2023 - Present)
  2. Devender Singhal (Sep 2023 - Present)
  3. Satish Dondapati (Sep 2023 - Present)

Key Information

View Scheme Document

Kotak BSE Housing 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 BSE Housing 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 BSE Housing 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 BSE Housing 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