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
₹13.33
-0.52%
NAV as on 14 Sep 24, 12:00 AM
very high risk
index funds
equity
NAV as on 14 Sep 24, 12:00 AM
very high risk
index funds
equity
11.81%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
11.42%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Navi Nifty Bank Index Fund Growth scheme from Navi AMC Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Feb 2022, Navi Nifty Bank Index Fund Growth is Index Funds fund of its category with 511.44 Cr fund under management as on Sep 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
HDFC Bank Ltd
27.91%
ICICI Bank Ltd
24.31%
Kotak Mahindra Bank Ltd
10.15%
State Bank of India
9.84%
Axis Bank Ltd
9.39%
IndusInd Bank Ltd
5.44%
Bank of Baroda
2.68%
The Federal Bank Ltd
2.67%
AU Small Finance Bank Ltd
2.21%
Punjab National Bank
2.00%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
14.4%
very high risk | equity
14.3%
very high risk | equity
14.3%