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
₹56.82
-0.03%
NAV as on 23 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
NAV as on 23 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
8.52%p.a.
Last 1Y
6.48%p.a.
Last 3Y
6.81%p.a.
Last 5Y
7.45%p.a.
Since Inception
About Nippon India Corporate Bond Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Corporate Bond Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Sep 2000, Nippon India Corporate Bond Fund Growth is Corporate Bond fund of its category with 6,312.17 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- Nippon India Corporate Bond Fund Growth delivered 8.5% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
- Nippon India Corporate Bond 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 through investments predominantly in debt instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity
Top 10 Holdings
7.1% Govt Stock 2034
11.91%
7.18% Govt Stock 2037
3.40%
7.32% Govt Stock 2030
3.32%
INDIA UNIVERSAL TRUST AL1
2.37%
LIC Housing Finance Limited
2.15%
National Bank For Agriculture And Rural Development
1.99%
Small Industries Development Bank Of India
1.97%
6.79% Govt Stock 2034
1.90%
Bajaj Finance Limited
1.84%
Reliance Jio Infratel Private Limited
1.77%
Fund Managers
- Vivek Sharma (Feb 2020 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Corporate Bond 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 Nippon India Corporate Bond 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 Corporate Bond 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 Corporate Bond 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
HDFC Corporate Bond Growth
moderate risk | debt
6.1%
ICICI Prudential Corporate Bond Fund Growth
moderate risk | debt
6.4%
Aditya Birla Sun Life Corporate Bond Fund Plan Growth
moderate risk | debt
6.4%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved