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
₹86.03
2.04%
NAV as on 23 Nov 24, 12:00 AM
very high risk
large cap
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
large cap
equity
30.25%p.a.
Last 1Y
19.83%p.a.
Last 3Y
19.71%p.a.
Last 5Y
13.37%p.a.
Since Inception
About Nippon India Large Cap Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Large Cap Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Large-Cap mutual fund scheme that predominantly invests in Large-Cap stocks of companies. Launched on Aug 2007, Nippon India Large Cap Fund - Growth is Large-Cap fund of its category with 34,105.04 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Large-Cap funds.
- Nippon India Large Cap Fund - Growth delivered 30.3% annual returns during the last year. It has delivered 13.4% average annual returns since the fund was launched.
- Nippon India Large Cap 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 seek to generate long term capital appreciation by investing predominantly into equity and equity related instruments of large cap companies. The secondary objective is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
9.64%
ICICI Bank Ltd
6.44%
Reliance Industries Ltd
5.70%
ITC Ltd
5.41%
Infosys Ltd
4.38%
State Bank of India
4.14%
Larsen & Toubro Ltd
3.82%
Axis Bank Ltd
3.74%
Bajaj Finance Ltd
3.03%
Tata Power Co Ltd
2.90%
Fund Managers
- Sailesh Raj Bhan (Aug 2007 - Present)
- Kinjal Desai (May 2018 - Present)
- Bhavik Dave (Aug 2024 - Present)
Key Information
View Scheme Document
Nippon India Large Cap Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Large Cap 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 Large Cap 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 Large Cap 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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