NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Nippon India Multi Asset Allocation Fund Growth for NRI [20.39]

Min Investment

5,000

Fund Size

4,683.26 Cr

Expense Ratio

1.5%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

20.39

-0.55%

NAV as on 17 Dec 24, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 17 Dec 24, 12:00 AM

very high risk

multi asset allocation

equity

21.55%p.a.

Last 1Y

15.85%p.a.

Last 3Y

0.00%p.a.

Last 5Y

17.91%p.a.

Since Inception

About Nippon India Multi Asset Allocation Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Nippon India Multi Asset Allocation Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Aug 2020, Nippon India Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 4,683.26 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • Nippon India Multi Asset Allocation Fund Growth delivered 21.6% annual returns during the last year. It has delivered 17.9% average annual returns since the fund was launched.
  • Nippon India Multi Asset Allocation 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 Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Top 10 Holdings

iShares MSCI World ETF

11.97%

Nippon India ETF Gold BeES

10.32%

ICICI Bank Ltd

3.19%

HDFC Bank Ltd

2.68%

Nippon India Silver ETF

2.67%

7.17% Govt Stock 2030

2.07%

Infosys Ltd

2.02%

Bharti Airtel Ltd

1.74%

Reliance Industries Ltd

1.66%

State Bank of India

1.61%

Fund Managers

  1. Ashutosh Bhargava (Aug 2020 - Present)
  2. Kinjal Desai (Aug 2020 - Present)
  3. Sushil Budhia (Mar 2021 - Present)
  4. Vikram Dhawan (Aug 2020 - Present)

Key Information

View Scheme Document

Nippon India Multi Asset Allocation Fund Growth SIP Calculator

If invested

5,000

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

NRI Mutual Fund Tax on Nippon India Multi Asset Allocation Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Nippon India Multi Asset Allocation 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 Multi Asset Allocation 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

Frequently Asked Questions