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
₹25.64
0.12%
NAV as on 18 Dec 24, 12:00 AM
low risk
arbitrage fund
equity
NAV as on 18 Dec 24, 12:00 AM
low risk
arbitrage fund
equity
7.52%p.a.
Last 1Y
6.16%p.a.
Last 3Y
5.34%p.a.
Last 5Y
6.86%p.a.
Since Inception
About Nippon India Arbitrage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Arbitrage Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Oct 2010, Nippon India Arbitrage Fund Growth is Arbitrage Fund fund of its category with 15,418.46 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.
- Nippon India Arbitrage Fund Growth delivered 7.5% annual returns during the last year. It has delivered 6.9% average annual returns since the fund was launched.
- Nippon India Arbitrage 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 generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.
Top 10 Holdings
Nippon India Money Market Dir Gr
10.76%
Future on Reliance Industries Ltd
5.48%
Reliance Industries Ltd
5.44%
Nippon India Low Duration Dir Gr
3.44%
Future on IndusInd Bank Ltd
2.73%
IndusInd Bank Ltd
2.72%
Future on Axis Bank Ltd
2.59%
Axis Bank Ltd
2.58%
Future on Hindustan Aeronautics Ltd Ordinary Shares
2.51%
Hindustan Aeronautics Ltd Ordinary Shares
2.50%
Fund Managers
- Siddharth Deb (Sep 2024 - Present)
- Vikash Agarwal (Sep 2024 - Present)
- Rohit Shah (Apr 2024 - Present)
Key Information
View Scheme Document
Nippon India Arbitrage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Arbitrage 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 Nippon India Arbitrage 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 Nippon India Arbitrage 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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Frequently Asked Questions
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