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
₹193.05
1.76%
NAV as on 23 Nov 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
equity consumption
equity
26.92%p.a.
Last 1Y
19.15%p.a.
Last 3Y
23.36%p.a.
Last 5Y
15.99%p.a.
Since Inception
About Nippon India Consumption Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Consumption Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Sep 2004, Nippon India Consumption Fund - Growth is Equity - Consumption fund of its category with 2,073.21 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Nippon India Consumption Fund - Growth delivered 26.9% annual returns during the last year. It has delivered 16.0% average annual returns since the fund was launched.
- Nippon India Consumption 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 seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies that are likely to benefit directly or indirectly from the domestic consumption led demand. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Bharti Airtel Ltd
7.23%
Hindustan Unilever Ltd
6.44%
ITC Ltd
5.66%
Mahindra & Mahindra Ltd
5.15%
Godrej Consumer Products Ltd
4.54%
Jubilant Foodworks Ltd
3.64%
Berger Paints India Ltd
3.49%
United Breweries Ltd
3.32%
United Spirits Ltd
3.22%
Maruti Suzuki India Ltd
3.19%
Fund Managers
- Kinjal Desai (Nov 2020 - Present)
- Amar Kalkundrikar (Oct 2020 - Present)
Key Information
View Scheme Document
Nippon India Consumption Fund - Growth SIP Calculator
If invested
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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 Nippon India Consumption 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 Consumption 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 Consumption 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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