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
₹17.10
-0.05%
NAV as on 17 Nov 24, 12:00 AM
very high risk
fund of funds
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
fund of funds
equity
38.62%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
23.59%p.a.
Since Inception
About Mirae Asset Nifty India Manufacturing ETF Fund of Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Nifty India Manufacturing ETF Fund of Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Jan 2022, Mirae Asset Nifty India Manufacturing ETF Fund of Fund Growth is Fund of Funds fund of its category with 112.83 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- Mirae Asset Nifty India Manufacturing ETF Fund of Fund Growth delivered 38.6% annual returns during the last year. It has delivered 23.6% average annual returns since the fund was launched.
- Mirae Asset Nifty India Manufacturing ETF Fund of 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 provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. There is no assurance that the investment objective of the Scheme will be realized.
Top 1 Holdings
Mirae Asset Nifty India Mfg ETF
99.94%
Fund Managers
- Ekta Gala (Jan 2022 - Present)
- Vishal Singh (Aug 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Nifty India Manufacturing ETF Fund of 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 India Manufacturing ETF Fund of 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 India Manufacturing ETF Fund of 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 India Manufacturing ETF Fund of 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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