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

INVEST VIA NRE/NRO

PGIM India Gilt Fund Growth for NRI [28.92]

Min Investment

5,000

Fund Size

116.59 Cr

Expense Ratio

1.5%

Exit Load

0%

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

28.92

-0.03%

NAV as on 06 Nov 24, 12:00 AM

moderate risk

government bond

debt

NAV as on 06 Nov 24, 12:00 AM

moderate risk

government bond

debt

9.88%p.a.

Last 1Y

5.58%p.a.

Last 3Y

5.89%p.a.

Last 5Y

6.85%p.a.

Since Inception

About PGIM India Gilt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India Gilt Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Oct 2008, PGIM India Gilt Fund Growth is Government Bond fund of its category with 116.59 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • PGIM India Gilt Fund Growth delivered 9.9% annual returns during the last year. It has delivered 6.8% average annual returns since the fund was launched.
  • PGIM India Gilt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To seek to generate reasonable returns by investing in Central/State Government securities of various maturities.

Top 10 Holdings

7.30 Goi 19062053

27.25%

07.09 Goi 05082054

15.28%

7.23% Goi 15/04/2039

14.42%

7.10%Goi 08/04/2034

13.12%

07.18 Goi 24072037

9.50%

7.26% Govt Stock 2033

3.10%

07.18 Goi 14082033

2.93%

8.28% Govt Stock 2027

2.41%

7.26 Govt Stock 22082032

0.66%

7.41% Govt Stock 2036

0.48%

Fund Managers

  1. Bhupesh Kalyani (Sep 2022 - Present)
  2. Puneet Pal (Dec 2017 - Present)

Key Information

View Scheme Document

PGIM India Gilt 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 Gilt 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 Gilt 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 Gilt 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