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
₹576.45
0.69%
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
12.17%p.a.
Last 1Y
18.56%p.a.
Last 3Y
14.09%p.a.
Last 5Y
20.72%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Nippon India Banking & Financial Services Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on May 2003, Nippon India Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 6,307.03 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking and Financial services sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
HDFC Bank Ltd
21.97%
ICICI Bank Ltd
16.32%
Axis Bank Ltd
8.18%
State Bank of India
4.78%
Kotak Mahindra Bank Ltd
4.62%
IndusInd Bank Ltd
3.83%
The Federal Bank Ltd
3.70%
SBI Life Insurance Co Ltd
2.96%
SBI Cards and Payment Services Ltd Ordinary Shares
2.80%
Cholamandalam Financial Holdings Ltd
2.58%
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
14.6%
very high risk | equity
18.0%
very high risk | equity
16.3%