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

INVEST VIA NRE/NRO

Navi ELSS Tax Saver Fund Growth for NRI [29.18]

Min Investment

500

Fund Size

67.08 Cr

Expense Ratio

2.3%

Exit Load

0%

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

29.18

-0.45%

NAV as on 07 Nov 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 07 Nov 24, 12:00 AM

very high risk

elss (tax savings)

elss

25.44%p.a.

Last 1Y

11.07%p.a.

Last 3Y

14.66%p.a.

Last 5Y

12.78%p.a.

Since Inception

About Navi ELSS Tax Saver Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Navi ELSS Tax Saver Fund Growth scheme from Navi AMC Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2015, Navi ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 67.08 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Navi ELSS Tax Saver Fund Growth delivered 25.4% annual returns during the last year. It has delivered 12.8% average annual returns since the fund was launched.
  • Navi ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

Top 10 Holdings

HDFC Bank Ltd

5.55%

Reliance Industries Ltd

4.08%

Bharti Airtel Ltd

4.08%

SBI Life Insurance Co Ltd

3.71%

Infosys Ltd

3.64%

Persistent Systems Ltd

3.58%

Hindustan Aeronautics Ltd Ordinary Shares

3.30%

Max Healthcare Institute Ltd Ordinary Shares

3.23%

Sun Pharmaceuticals Industries Ltd

3.02%

Rural Electrification Corporation Limited

2.98%

Fund Managers

  1. Aditya Mulki (Mar 2022 - Present)
  2. Ashutosh Shirwaikar (Aug 2023 - Present)

Key Information

View Scheme Document

Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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