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
₹19.46
0.35%
NAV as on 23 Nov 24, 12:00 AM
moderately high risk
retirement
debt
NAV as on 23 Nov 24, 12:00 AM
moderately high risk
retirement
debt
13.27%p.a.
Last 1Y
7.21%p.a.
Last 3Y
7.73%p.a.
Last 5Y
7.15%p.a.
Since Inception
About Nippon India Retirement Fund - Income Generation Scheme - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Retirement Fund - Income Generation Scheme - Growth scheme from Nippon Life India Asset Management Ltd. It is a Retirement mutual fund scheme that predominantly invests in Retirement stocks of companies. Launched on Feb 2015, Nippon India Retirement Fund - Income Generation Scheme - Growth is Retirement fund of its category with 155.79 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Retirement funds.
- Nippon India Retirement Fund - Income Generation Scheme - Growth delivered 13.3% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
- Nippon India Retirement Fund - Income Generation Scheme - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Top 10 Holdings
7.06% Govt Stock 2046
29.20%
7.62% Govt Stock 2039
17.09%
8.13% Govt Stock 2045
15.26%
7.26% Govt Stock 2033
9.84%
8.17% Govt Stock 2044
4.72%
ICICI Bank Ltd
2.18%
HDFC Bank Ltd
1.74%
8.3% Govt Stock 2042
1.57%
Reliance Industries Ltd
1.46%
Tata Consultancy Services Ltd
1.30%
Fund Managers
- Pranay Sinha (Mar 2021 - Present)
- Ashutosh Bhargava (Apr 2024 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Retirement Fund - Income Generation Scheme - Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Retirement Fund - Income Generation Scheme - 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 Retirement Fund - Income Generation Scheme - 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 Retirement Fund - Income Generation Scheme - 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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