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
₹19.70
0.05%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
7.91%p.a.
Last 1Y
5.76%p.a.
Last 3Y
6.37%p.a.
Last 5Y
7.39%p.a.
Since Inception
About Nippon India Banking & PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Banking & PSU Debt Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on May 2015, Nippon India Banking & PSU Debt Fund Growth is Banking & PSU fund of its category with 5,524.3 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Nippon India Banking & PSU Debt Fund Growth delivered 7.9% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- Nippon India Banking & PSU Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Top 10 Holdings
7.1% Govt Stock 2034
6.79%
National Bank For Agriculture And Rural Development
3.99%
Indian Railway Finance Corporation Limited
3.18%
7.18% Govt Stock 2037
2.96%
7.18% Govt Stock 2033
2.73%
Rural Electrification Corporation Limited
2.29%
Indian Railway Finance Corporation Limited
2.20%
Small Industries Development Bank Of India
2.17%
07.14 Up SDL 2030
2.09%
Power Grid Corporation Of India Limited
2.02%
Fund Managers
- Vivek Sharma (Jun 2020 - Present)
- Pranay Sinha (Mar 2021 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Banking & PSU Debt Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Banking & PSU Debt 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 Banking & PSU Debt 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 Banking & PSU Debt 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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