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
₹24.62
-1.42%
NAV as on 21 Nov 24, 12:00 AM
very high risk
fund of funds
fof
NAV as on 21 Nov 24, 12:00 AM
very high risk
fund of funds
fof
43.05%p.a.
Last 1Y
15.58%p.a.
Last 3Y
19.11%p.a.
Last 5Y
18.24%p.a.
Since Inception
About Nippon India Nifty Next 50 Junior BeES FoF Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Nifty Next 50 Junior BeES FoF Growth scheme from Nippon Life India Asset Management Ltd. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Mar 2019, Nippon India Nifty Next 50 Junior BeES FoF Growth is Fund of Funds fund of its category with 498.16 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- Nippon India Nifty Next 50 Junior BeES FoF Growth delivered 43.0% annual returns during the last year. It has delivered 18.2% average annual returns since the fund was launched.
- Nippon India Nifty Next 50 Junior BeES FoF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Nifty Next 50 Junior BeES by investing in units of Nippon India ETF Nifty Next 50 Junior BeES. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved
Top 1 Holdings
Nippon India ETF Nifty Next 50 Jr BeES
99.94%
Fund Managers
- Himanshu Mange (Dec 2023 - Present)
Key Information
View Scheme Document
Nippon India Nifty Next 50 Junior BeES FoF Growth SIP Calculator
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
NRI Mutual Fund Tax on Nippon India Nifty Next 50 Junior BeES FoF 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 Nifty Next 50 Junior BeES FoF 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 Nifty Next 50 Junior BeES FoF 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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