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
₹16.54
-0.88%
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
34.03%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 34.0% 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
- Aditya Mulki (Mar 2022 - Present)
- Ashutosh Shirwaikar (Aug 2023 - Present)
Key Information
View Scheme Document
Navi Nifty Next 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 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 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 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
Similar Funds
Funds
3Y Return
UTI Nifty 50 Index Fund Plan Growth
very high risk | equity
13.3%
HDFC Nifty 50 Index Fund
very high risk | equity
13.2%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
13.2%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved