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
₹25.95
0.16%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
34.45%p.a.
Last 1Y
20.14%p.a.
Last 3Y
17.53%p.a.
Last 5Y
12.97%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife ELSS Tax Saver Fund Plan Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Oct 2016, Mahindra Manulife ELSS Tax Saver Fund Plan Growth is ELSS (Tax Savings) fund of its category with 817.72 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
ICICI Bank Ltd
8.77%
HDFC Bank Ltd
6.87%
Reliance Industries Ltd
5.09%
Infosys Ltd
4.92%
Larsen & Toubro Ltd
3.62%
IndusInd Bank Ltd
3.14%
Tata Consultancy Services Ltd
3.11%
Maruti Suzuki India Ltd
2.79%
NTPC Ltd
2.45%
State Bank of India
2.39%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | elss
12.0%
very high risk | elss
28.7%
very high risk | elss
18.6%