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
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very high risk
equity other
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very high risk
equity other
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About Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Jan 2025, Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Growth is Equity - Other fund of its category with 0 fund under management as on Jan 1970. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Growth delivered 0.0% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- Mirae Asset Nifty India New Age Consumption 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 in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.
Top 0 Holdings
Fund Managers
- Ekta Gala (Jan 2025 - Present)
- Akshay Udeshi (Jan 2025 - Present)
Key Information
View Scheme Document
Mirae Asset Nifty India New Age Consumption 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 New Age Consumption 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 New Age Consumption 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 New Age Consumption 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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