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
₹17.62
0.97%
NAV as on 16 May 24, 12:00 AM
very high risk
index funds
equity
NAV as on 16 May 24, 12:00 AM
very high risk
index funds
equity
53.68%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
29.96%p.a.
Since Inception
About Navi Nifty Midcap 150 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Navi Nifty Midcap 150 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 Mar 2022, Navi Nifty Midcap 150 Index Fund Growth is Index Funds fund of its category with 137.9 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Navi Nifty Midcap 150 Index Fund Growth delivered 53.7% annual returns during the last year. It has delivered 30.0% average annual returns since the fund was launched.
- Navi Nifty Midcap 150 Index 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 achieve return equivalent to Nifty Midcap150 Index by investing in stocks of companies comprising Nifty Midcap 150 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.
Top 10 Holdings
Max Healthcare Institute Ltd Ordinary Shares
2.17%
Indian Hotels Co Ltd
1.75%
Yes Bank Ltd
1.60%
Cummins India Ltd
1.55%
Suzlon Energy Ltd
1.54%
Tube Investments of India Ltd Ordinary Shares
1.39%
Lupin Ltd
1.39%
HDFC Asset Management Co Ltd
1.36%
PB Fintech Ltd
1.33%
BSE Ltd
1.32%
Fund Managers
- Aditya Mulki (Mar 2022 - Present)
- Ashutosh Shirwaikar (Aug 2023 - Present)
Key Information
View Scheme Document
Navi Nifty Midcap 150 Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Navi Nifty Midcap 150 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 Nifty Midcap 150 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 Nifty Midcap 150 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
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