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
₹9.66
-0.10%
NAV as on 17 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
index funds
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-0.68%p.a.
Since Inception
About Mirae Asset Nifty 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Nifty 50 Index Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Oct 2024, Mirae Asset Nifty 50 Index Fund Growth is Index Funds fund of its category with 0 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.
- Mirae Asset Nifty 50 Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered -0.7% average annual returns since the fund was launched.
- Mirae Asset Nifty 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 generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error.
Top 10 Holdings
HDFC Bank Ltd
12.13%
ICICI Bank Ltd
8.39%
Reliance Industries Ltd
8.33%
Infosys Ltd
5.83%
ITC Ltd
4.19%
Bharti Airtel Ltd
3.98%
Larsen & Toubro Ltd
3.93%
Tata Consultancy Services Ltd
3.74%
Axis Bank Ltd
3.05%
State Bank of India
2.91%
Fund Managers
- Ekta Gala (Oct 2024 - Present)
- Vishal Singh (Oct 2024 - Present)
Key Information
View Scheme Document
Mirae Asset Nifty 50 Index Fund Growth SIP Calculator
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
NRI Mutual Fund Tax on Mirae Asset Nifty 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 Mirae Asset Nifty 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 Mirae Asset Nifty 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
Similar Funds
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3Y Return
UTI Nifty 50 Index Fund Plan Growth
very high risk | equity
10.0%
HDFC Index Nifty 50
very high risk | equity
9.9%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
9.9%
Frequently Asked Questions
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