NRI from all over the world (excluding 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
₹37.83
0.23%
NAV as on 03 Feb 26, 12:00 AM
moderate risk
government bond
debt
NAV as on 03 Feb 26, 12:00 AM
moderate risk
government bond
debt
2.39%p.a.
Last 1Y
5.92%p.a.
Last 3Y
4.76%p.a.
Last 5Y
7.63%p.a.
Since Inception
About Nippon India Gilt Fund Provident Fund Plan for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Gilt Fund Provident Fund Plan scheme from Nippon Life India Asset Management Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Aug 2008, Nippon India Gilt Fund Provident Fund Plan is Government Bond fund of its category with 1,850.38 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- Nippon India Gilt Fund Provident Fund Plan delivered 2.4% annual returns during the last year. It has delivered 7.6% average annual returns since the fund was launched.
- Nippon India Gilt Fund Provident Fund Plan 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 the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.
Top 10 Holdings
CENTRAL GOVERNMENT LOAN 06009 GOI 07JN36 8.33 FV RS 100
0.20%
CENTRAL GOVERNMENT LOAN 07004 GOI 15FB27 8.24 FV RS 100
0.27%
CENTRAL GOVERNMENT LOAN 09001 GOI 19JAN39 6.83 FV RS 100
0.80%
CENTRAL GOVERNMENT LOAN 16634 GOI 23DC43 9.23 FV RS 100
0.99%
Repo
1.77%
Net Current Assets
1.65%
Government of India Securities 7.73 19/12/2034
0.51%
GOI Sec 7.61 09/05/2030
0.10%
GOI Sec 6.79 26/12/2029
0.15%
Others Mrgn Money
0.09%
Fund Managers
- Pranay Sinha (Mar 2021 - Present)
- Divya Dutt Sharma (Sep 2025 - Present)
- Lokesh Maru (Sep 2025 - Present)
Key Information
View Scheme Document
Nippon India Gilt Fund Provident Fund Plan SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Nippon India Gilt Fund Provident Fund Plan
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 Gilt Fund Provident Fund Plan?
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 Gilt Fund Provident Fund Plan
- 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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