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
₹12.48
0.48%
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity other
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity other
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
19.35%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Nippon India Innovation Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Aug 2023, Nippon India Innovation Fund Growth is Equity - Other fund of its category with 1,354.69 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
The investment objective of Nippon India Innovation Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Info Edge (India) Ltd
4.75%
3M India Ltd
4.63%
Samvardhana Motherson International Ltd
3.86%
Bajaj Finserv Ltd
3.82%
Honeywell Automation India Ltd
3.56%
FSN E-Commerce Ventures Ltd
3.55%
Zomato Ltd
3.43%
Apollo Hospitals Enterprise Ltd
3.30%
HDFC Bank Ltd
3.21%
Affle India Ltd
3.09%
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
very high risk | equity
31.1%
very high risk | equity
25.9%
very high risk | equity
13.3%