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
₹81.34
-0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
5.92%p.a.
Last 1Y
4.65%p.a.
Last 3Y
6.60%p.a.
Last 5Y
8.35%p.a.
Since Inception
About Nippon India Income Fund - Growth Plan for NRIs
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 322.24 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- Nippon India Income Fund - Growth Plan delivered 5.9% annual returns during the last year. It has delivered 8.3% average annual returns since the fund was launched.
- Nippon India Income Fund - Growth 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 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
7.18% Govt Stock 2033
29.49%
7.18% Govt Stock 2037
26.32%
7.1% Govt Stock 2029
13.92%
7.3% Govt Stock 2053
7.79%
7.54% Govt Stock 2036
6.53%
LIC Housing Finance Ltd
4.66%
7.37% Govt Stock 2028
3.13%
Indian Railway Finance Corporation Limited
1.57%
Corporate Debt Market Development Fund Class A2
0.21%
7.26% Govt Stock 2029
0.00%
Fund Managers
- Vivek Sharma (Feb 2020 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Income Fund - Growth Plan SIP Calculator
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NRI Mutual Fund Tax on Nippon India Income Fund - Growth 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 Income Fund - Growth 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 Income Fund - Growth 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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