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
₹115.04
0.91%
NAV as on 29 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 29 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
44.71%p.a.
Last 1Y
22.49%p.a.
Last 3Y
15.08%p.a.
Last 5Y
13.81%p.a.
Since Inception
About Nippon India ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India ELSS Tax Saver Fund Growth scheme from Nippon Life India Asset Management Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Sep 2005, Nippon India ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 14,322.15 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Nippon India ELSS Tax Saver Fund Growth delivered 44.7% annual returns during the last year. It has delivered 13.8% average annual returns since the fund was launched.
- Nippon India ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The primary objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.However, there can be no assurance that the scheme's investment objective shall be achieved
Top 10 Holdings
ICICI Bank Ltd
7.48%
HDFC Bank Ltd
6.77%
Infosys Ltd
4.29%
NTPC Ltd
3.66%
Axis Bank Ltd
3.55%
State Bank of India
3.52%
Reliance Industries Ltd
3.32%
Larsen & Toubro Ltd
3.08%
Samvardhana Motherson International Ltd
2.51%
Power Finance Corp Ltd
2.18%
Fund Managers
- Rupesh Patel (Jul 2021 - Present)
- Ashutosh Bhargava (Jul 2020 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India ELSS Tax Saver Fund Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Nippon India ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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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