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
₹34.70
0.04%
NAV as on 18 Dec 24, 12:00 AM
high risk
credit risk
debt
NAV as on 18 Dec 24, 12:00 AM
high risk
credit risk
debt
8.22%p.a.
Last 1Y
6.77%p.a.
Last 3Y
5.48%p.a.
Last 5Y
7.12%p.a.
Since Inception
About Nippon India Credit Risk Fund Institutional Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Credit Risk Fund Institutional Growth scheme from Nippon Life India Asset Management Ltd. It is a Credit Risk mutual fund scheme that predominantly invests in Credit Risk stocks of companies. Launched on Jul 2009, Nippon India Credit Risk Fund Institutional Growth is Credit Risk fund of its category with 993.03 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Credit Risk funds.
- Nippon India Credit Risk Fund Institutional Growth delivered 8.2% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- Nippon India Credit Risk Fund Institutional Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.
Top 10 Holdings
7.32% Govt Stock 2030
7.24%
Summit Digitel Infrastructure Limited
6.15%
7.1% Govt Stock 2029
5.11%
Renew Solar Energy (Jharkhand Five) Private Limited
4.97%
Century Textiles And Industries Limited
4.54%
Shriram Housing Finance Limited 9.25%
4.05%
Prestige Projects Private Limited 11.75%
4.03%
Sandur Manganese And Iron Ores Limited (The) 11%
3.98%
Piramal Capital & Housing Finance Limited
3.68%
Delhi International Airport Limited
3.57%
Fund Managers
- Kinjal Desai (May 2018 - Present)
- Sushil Budhia (Feb 2020 - Present)
Key Information
View Scheme Document
Nippon India Credit Risk Fund Institutional 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 Credit Risk Fund Institutional 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 Credit Risk Fund Institutional 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 Credit Risk Fund Institutional 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 Credit Risk Debt Fund Growth Option
high risk | debt
6.2%
ICICI Prudential Credit Risk Fund Growth
high risk | debt
6.9%
SBI Credit Risk Fund Plan Growth
high risk | debt
6.8%
Frequently Asked Questions
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