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
₹4161.88
-0.33%
NAV as on 18 Dec 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
mid cap
equity
31.22%p.a.
Last 1Y
27.27%p.a.
Last 3Y
29.75%p.a.
Last 5Y
22.88%p.a.
Since Inception
About Nippon India Growth Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Growth Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Oct 1995, Nippon India Growth Fund - Growth is Mid-Cap fund of its category with 34,583.63 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Nippon India Growth Fund - Growth delivered 31.2% annual returns during the last year. It has delivered 22.9% average annual returns since the fund was launched.
- Nippon India Growth 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 the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Top 10 Holdings
Power Finance Corp Ltd
2.86%
Persistent Systems Ltd
2.86%
Cholamandalam Financial Holdings Ltd
2.60%
BSE Ltd
2.56%
Fortis Healthcare Ltd
2.53%
The Federal Bank Ltd
2.44%
Voltas Ltd
2.40%
Varun Beverages Ltd
2.26%
Dixon Technologies (India) Ltd
1.97%
Indus Towers Ltd Ordinary Shares
1.82%
Fund Managers
- Rupesh Patel (Jan 2023 - Present)
- Kinjal Desai (Feb 2019 - Present)
Key Information
View Scheme Document
Nippon India Growth Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Growth 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 Growth 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 Growth 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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Frequently Asked Questions
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