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
₹361.86
-1.31%
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
35.16%p.a.
Last 1Y
32.87%p.a.
Last 3Y
31.20%p.a.
Last 5Y
18.97%p.a.
Since Inception
About Nippon India Power & Infra Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Power & Infra Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on May 2004, Nippon India Power & Infra Fund - Growth is Equity - Other fund of its category with 7,556.63 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Nippon India Power & Infra Fund - Growth delivered 35.2% annual returns during the last year. It has delivered 19.0% average annual returns since the fund was launched.
- Nippon India Power & Infra 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 investment objective of the scheme is to seek long term capital appreciation by investing in equity/equity related instruments of the companies that are engaged in power and infrastructure space in India. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Larsen & Toubro Ltd
9.86%
NTPC Ltd
6.26%
Reliance Industries Ltd
6.07%
Bharti Airtel Ltd
5.60%
UltraTech Cement Ltd
4.00%
Kaynes Technology India Ltd
3.90%
Siemens Ltd
3.50%
Carborundum Universal Ltd
3.48%
Cyient DLM Ltd
2.88%
Container Corporation of India Ltd
2.74%
Fund Managers
- Kinjal Desai (May 2018 - Present)
- Rahul Modi (Aug 2024 - Present)
Key Information
View Scheme Document
Nippon India Power & Infra Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Power & Infra 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 Power & Infra 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 Power & Infra 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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