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
₹13.83
-0.10%
NAV as on 16 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
20.64%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
23.83%p.a.
Since Inception
About Navi ELSS Tax Saver Nifty 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Navi ELSS Tax Saver Nifty 50 Index 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 Mar 2023, Navi ELSS Tax Saver Nifty 50 Index Fund Growth is ELSS (Tax Savings) fund of its category with 71.2 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 Nifty 50 Index Fund Growth delivered 20.6% annual returns during the last year. It has delivered 23.8% average annual returns since the fund was launched.
- Navi ELSS Tax Saver 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 elss
Fund Objective
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error. 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. However, there is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
12.11%
ICICI Bank Ltd
8.37%
Reliance Industries Ltd
8.31%
Infosys Ltd
5.82%
ITC Ltd
4.18%
Bharti Airtel Ltd
3.98%
Larsen & Toubro Ltd
3.92%
Tata Consultancy Services Ltd
3.73%
Axis Bank Ltd
3.04%
State Bank of India
2.90%
Fund Managers
- Aditya Mulki (Mar 2023 - Present)
- Ashutosh Shirwaikar (Dec 2023 - Present)
Key Information
View Scheme Document
Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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 Navi ELSS Tax Saver 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
Funds
3Y Return
Axis ELSS Tax Saver Fund Growth
very high risk | elss
5.4%
SBI Long Term Equity Fund Growth
very high risk | elss
21.1%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
11.8%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved