NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

PGIM India ELSS Tax Saver Fund Growth for NRI [33.87]

Min Investment

500

Fund Size

739.46 Cr

Expense Ratio

2.3%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

33.87

0.36%

NAV as on 13 Jul 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 13 Jul 24, 12:00 AM

very high risk

elss (tax savings)

elss

25.49%p.a.

Last 1Y

17.37%p.a.

Last 3Y

18.77%p.a.

Last 5Y

15.07%p.a.

Since Inception

About PGIM India ELSS Tax Saver Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India ELSS Tax Saver Fund Growth scheme from PGIM India Asset Management Private Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2015, PGIM India ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 739.46 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • PGIM India ELSS Tax Saver Fund Growth delivered 25.5% annual returns during the last year. It has delivered 15.1% average annual returns since the fund was launched.
  • PGIM 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 by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.

Top 10 Holdings

HDFC Bank Ltd

7.08%

ICICI Bank Ltd

5.92%

Reliance Industries Ltd

5.27%

Axis Bank Ltd

4.55%

Avenue Supermarts Ltd

2.98%

Tata Consultancy Services Ltd

2.82%

Larsen & Toubro Ltd

2.71%

Cholamandalam Investment and Finance Co Ltd

2.55%

Varun Beverages Ltd

2.52%

Bharti Airtel Ltd

2.46%

Fund Managers

  1. Bhupesh Kalyani (Apr 2023 - Present)
  2. Vinay Paharia (Apr 2023 - Present)
  3. Utsav Mehta (Apr 2024 - Present)
  4. Vivek Sharma (Apr 2024 - Present)

Key Information

View Scheme Document

PGIM India ELSS Tax Saver Fund Growth SIP Calculator

If invested

5,000

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 PGIM 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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in PGIM 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 PGIM 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

Frequently Asked Questions