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
₹100.54
1.37%
NAV as on 23 Nov 24, 12:00 AM
very high risk
aggressive allocation
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
aggressive allocation
equity
23.43%p.a.
Last 1Y
15.23%p.a.
Last 3Y
13.02%p.a.
Last 5Y
12.70%p.a.
Since Inception
About Nippon India Equity Hybrid Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Equity Hybrid Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Aggressive Allocation mutual fund scheme that predominantly invests in Aggressive Allocation stocks of companies. Launched on Jun 2005, Nippon India Equity Hybrid Fund - Growth is Aggressive Allocation fund of its category with 3,857.87 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Aggressive Allocation funds.
- Nippon India Equity Hybrid Fund - Growth delivered 23.4% annual returns during the last year. It has delivered 12.7% average annual returns since the fund was launched.
- Nippon India Equity Hybrid 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 primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments & fixed income instruments.
Top 10 Holdings
HDFC Bank Ltd
5.32%
ICICI Bank Ltd
5.26%
Larsen & Toubro Ltd
3.33%
Infosys Ltd
3.33%
NTPC Ltd
2.96%
Axis Bank Ltd
2.80%
Reliance Industries Ltd
2.78%
Bharti Airtel Ltd
2.78%
7.1% Govt Stock 2034
2.64%
State Bank of India
2.15%
Fund Managers
- Meenakshi Dawar (Sep 2021 - Present)
- Kinjal Desai (May 2018 - Present)
- Sushil Budhia (Feb 2020 - Present)
- Akshay Sharma (Dec 2022 - Present)
Key Information
View Scheme Document
Nippon India Equity Hybrid Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Equity Hybrid 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 Equity Hybrid 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 Equity Hybrid 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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18.6%
HDFC Hybrid Equity Fund Growth
very high risk | hybrid (nc)
12.7%
Frequently Asked Questions
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