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
₹90.21
0.14%
NAV as on 03 Feb 26, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 03 Feb 26, 12:00 AM
moderate risk
medium to long duration
debt
3.86%p.a.
Last 1Y
6.21%p.a.
Last 3Y
5.12%p.a.
Last 5Y
8.14%p.a.
Since Inception
About Nippon India Medium to Long Duration Fund (Growth) for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Medium to Long Duration Fund (Growth) scheme from Nippon Life India Asset Management Limited. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Jan 1998, Nippon India Medium to Long Duration Fund (Growth) is Medium to Long Duration fund of its category with 390.43 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- Nippon India Medium to Long Duration Fund (Growth) delivered 3.9% annual returns during the last year. It has delivered 8.1% average annual returns since the fund was launched.
- Nippon India Medium to Long Duration Fund (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 the scheme 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
Repo
2.48%
Net Current Assets
1.93%
Rajasthan State SDL 8.19 23/06/2026
0.00%
Others Mrgn Money
0.13%
Others IRS
-0.09%
CENTRAL GOVERNMENT LOAN 21176 GOI 14JN29 7.26 FV RS 100
0.00%
POWER FINANCE CORPORATION LTD. SR 196 7.41 BD 25FB30 FVRS10LAC
2.60%
REC LIMITED SR 201B 6.90 BD 31MR31 FVRS10LAC
1.27%
STATE DEVELOPMENT LOAN 30445 HAR 02JU33 6.95 FV RS 100
5.87%
CENTRAL GOVERNMENT LOAN 31568 GOI 18AP29 7.10 FV RS 100
6.61%
Fund Managers
- Vivek Sharma (Feb 2020 - Present)
- Divya Dutt Sharma (Sep 2025 - Present)
- Lokesh Maru (Sep 2025 - Present)
Key Information
View Scheme Document
Nippon India Medium to Long Duration Fund (Growth) SIP Calculator
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NRI Mutual Fund Tax on Nippon India Medium to Long Duration 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 Medium to Long Duration 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 Medium to Long Duration 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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