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

INVEST VIA NRE/NRO

Navi Nifty Next 50 Index Fund Growth for NRI [16.76]

Min Investment

₹10

Fund Size

₹1,163.32 Cr

Expense Ratio

0.6%

Exit Load

0%

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

₹16.76

-1.32%

NAV as on 17 Dec 24, 12:00 AM

very high risk

index funds

equity

NAV as on 17 Dec 24, 12:00 AM

very high risk

index funds

equity

38.12%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

18.92%p.a.

Since Inception

About Navi Nifty Next 50 Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Navi Nifty Next 50 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 Jan 2022, Navi Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 1,163.32 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • Navi Nifty Next 50 Index Fund Growth delivered 38.1% annual returns during the last year. It has delivered 18.9% average annual returns since the fund was launched.
  • Navi Nifty Next 50 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 invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 Index over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

Hindustan Aeronautics Ltd Ordinary Shares

4.36%

Vedanta Ltd

4.25%

Divi's Laboratories Ltd

4.04%

Tata Power Co Ltd

4.01%

InterGlobe Aviation Ltd

3.79%

Power Finance Corp Ltd

3.57%

REC Ltd

3.52%

Siemens Ltd

3.33%

TVS Motor Co Ltd

3.16%

Info Edge (India) Ltd

3.13%

Fund Managers

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

Key Information

View Scheme Document

Navi Nifty Next 50 Index 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 Nifty Next 50 Index 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 Nifty Next 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 Nifty Next 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

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