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
₹15.36
0.01%
NAV as on 16 Nov 24, 12:00 AM
moderate risk
equity savings
equity
NAV as on 16 Nov 24, 12:00 AM
moderate risk
equity savings
equity
10.91%p.a.
Last 1Y
7.10%p.a.
Last 3Y
5.56%p.a.
Last 5Y
4.73%p.a.
Since Inception
About Nippon India Equity Savings Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Equity Savings Growth scheme from Nippon Life India Asset Management Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on May 2015, Nippon India Equity Savings Growth is Equity Savings fund of its category with 718.42 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- Nippon India Equity Savings Growth delivered 10.9% annual returns during the last year. It has delivered 4.7% average annual returns since the fund was launched.
- Nippon India Equity Savings 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 fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
7.32% Govt Stock 2030
6.42%
ICICI Bank Ltd
5.39%
Reliance Industries Ltd
4.80%
Larsen & Toubro Ltd
4.01%
HDFC Bank Ltd
3.97%
7.26% Govt Stock 2033
3.57%
Future on Reliance Industries Ltd
3.34%
Coal India Ltd
3.15%
Future on Larsen & Toubro Ltd
3.08%
Future on ICICI Bank Ltd
3.07%
Fund Managers
- Dhrumil Shah (Sep 2021 - Present)
- Ashutosh Bhargava (Apr 2024 - Present)
- Kinjal Desai (May 2018 - Present)
- Anand Gupta (Sep 2018 - Present)
- Sushil Budhia (Feb 2020 - Present)
- Akshay Sharma (Dec 2022 - Present)
Key Information
View Scheme Document
Nippon India Equity Savings Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Equity Savings 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 Savings 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 Savings 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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