NRI from all over the world (including 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
₹26.43
-0.12%
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
28.98%p.a.
Last 1Y
15.69%p.a.
Last 3Y
12.79%p.a.
Last 5Y
12.06%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 60.25 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.
- Navi ELSS Tax Saver Fund Growth delivered 29.0% annual returns during the last year. It has delivered 12.1% 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
Infosys Ltd
6.22%
Sun Pharmaceuticals Industries Ltd
5.51%
HDFC Bank Ltd
5.17%
Reliance Industries Ltd
4.57%
Hindustan Aeronautics Ltd Ordinary Shares
4.36%
ICICI Bank Ltd
4.28%
Tata Motors Ltd
3.63%
Tata Consultancy Services Ltd
3.39%
SBI Life Insurance Company Limited
3.36%
Bharti Airtel Ltd
3.26%
Fund Managers
- Aditya Mulki (Mar 2022 - Present)
- Ashutosh Shirwaikar (Aug 2023 - Present)
Key Information
View Scheme Document
Navi ELSS Tax Saver Fund Growth SIP Calculator
If invested
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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 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 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
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28.7%
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Frequently Asked Questions
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