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
₹85.55
0.05%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
medium to long duration
debt
8.31%p.a.
Last 1Y
5.59%p.a.
Last 3Y
5.88%p.a.
Last 5Y
8.34%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Nippon India Income Fund - Growth Plan scheme from Nippon Life India Asset Management Ltd. 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 Income Fund - Growth Plan is Medium to Long Duration fund of its category with 394.56 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
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.
7.18% Govt Stock 2037
20.70%
7.18% Govt Stock 2033
15.48%
7.09% Govt Stock 2054
12.75%
7.1% Govt Stock 2029
10.25%
7.3% Govt Stock 2053
6.55%
7.32% Govt Stock 2030
6.48%
7.1% Govt Stock 2034
6.44%
Small Industries Development Bank Of India
6.34%
LIC Housing Finance Ltd
3.82%
National Bank For Agriculture And Rural Development
2.53%
View Scheme Document
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
6.1%
moderate risk | debt
5.3%
moderate risk | debt
5.5%