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
₹133.90
0.02%
NAV as on 18 Dec 24, 12:00 AM
low risk
overnight
liquid
NAV as on 18 Dec 24, 12:00 AM
low risk
overnight
liquid
6.65%p.a.
Last 1Y
5.92%p.a.
Last 3Y
4.84%p.a.
Last 5Y
4.97%p.a.
Since Inception
About Nippon India Overnight Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Overnight Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Dec 2018, Nippon India Overnight Fund Growth is Overnight fund of its category with 8,439.04 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- Nippon India Overnight Fund Growth delivered 6.7% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- Nippon India Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
To generate optimal returns with low risk and high liquidity by investing in debt and money market instruments with overnight maturity. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Reverse Repo
85.79%
6.85% Corporate Bond Repo (Md 16-12-2024)
7.47%
91 DTB 09012025
3.13%
182 DTB 020125
0.78%
Triparty Repo
0.76%
Cash Margin - Ccil
0.63%
6.9% Corporate Bond Repo (Md 16-12-2024)
0.39%
364 DTB 02052025
0.39%
91 DTB 03012025
0.39%
364 DTB 26122024
0.16%
Fund Managers
- Siddharth Deb (Mar 2022 - Present)
Key Information
View Scheme Document
Nippon India Overnight Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Overnight 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 Overnight 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 Overnight 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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