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
₹298.22
-0.68%
NAV as on 17 Dec 24, 12:00 AM
very high risk
multi cap
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
multi cap
equity
31.19%p.a.
Last 1Y
27.51%p.a.
Last 3Y
25.03%p.a.
Last 5Y
18.70%p.a.
Since Inception
About Nippon India Multi Cap Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Multi Cap Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Multi-Cap mutual fund scheme that predominantly invests in Multi-Cap stocks of companies. Launched on Mar 2005, Nippon India Multi Cap Fund - Growth is Multi-Cap fund of its category with 39,000.8 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Multi-Cap funds.
- Nippon India Multi Cap Fund - Growth delivered 31.2% annual returns during the last year. It has delivered 18.7% average annual returns since the fund was launched.
- Nippon India Multi 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 capital appreciation & provide longterm growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Top 10 Holdings
HDFC Bank Ltd
6.45%
ICICI Bank Ltd
3.99%
Axis Bank Ltd
3.06%
Infosys Ltd
3.00%
Reliance Industries Ltd
2.98%
GE Vernova T&D India Ltd
2.86%
Linde India Ltd
2.71%
EIH Ltd
2.45%
State Bank of India
2.37%
Indian Hotels Co Ltd
2.24%
Fund Managers
- Sailesh Raj Bhan (Mar 2005 - Present)
- Ashutosh Bhargava (Sep 2021 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Multi Cap Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Multi 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 Multi 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 Multi 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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