NRI from all over the world (excluding 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
₹32.99
0.46%
NAV as on 19 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 19 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
19.49%p.a.
Last 1Y
11.73%p.a.
Last 3Y
17.61%p.a.
Last 5Y
14.60%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 755.72 Cr fund under management as on Nov 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 19.5% annual returns during the last year. It has delivered 14.6% 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
7.14%
ICICI Bank Ltd
6.24%
Reliance Industries Ltd
4.39%
Bajaj Finance Ltd
3.97%
Infosys Ltd
2.85%
Tata Consultancy Services Ltd
2.80%
Larsen & Toubro Ltd
2.70%
Bharti Airtel Ltd
2.68%
ICICI Lombard General Insurance Co Ltd
2.51%
Varun Beverages Ltd
2.26%
Fund Managers
- Bhupesh Kalyani (Apr 2023 - Present)
- Vinay Paharia (Apr 2023 - Present)
- Utsav Mehta (Apr 2024 - Present)
- Vivek Sharma (Apr 2024 - Present)
Key Information
View Scheme Document
PGIM 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 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 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 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
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Frequently Asked Questions
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