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
₹10.06
-0.16%
NAV as on 16 Dec 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 16 Dec 24, 12:00 AM
very high risk
equity consumption
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-0.94%p.a.
Since Inception
About SBI Nifty India Consumption Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Nifty India Consumption Index Fund Growth scheme from SBI Funds Management Ltd. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Oct 2024, SBI Nifty India Consumption Index Fund Growth is Equity - Consumption fund of its category with 363.68 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- SBI Nifty India Consumption Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered -0.9% average annual returns since the fund was launched.
- SBI Nifty India Consumption Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Top 10 Holdings
Bharti Airtel Ltd
10.40%
ITC Ltd
10.37%
Mahindra & Mahindra Ltd
8.33%
Hindustan Unilever Ltd
7.00%
Zomato Ltd
5.49%
Trent Ltd
4.76%
Maruti Suzuki India Ltd
4.59%
Titan Co Ltd
4.24%
Asian Paints Ltd
3.53%
Bajaj Auto Ltd
3.16%
Fund Managers
- Harsh Sethi (Oct 2024 - Present)
Key Information
View Scheme Document
SBI Nifty India Consumption Index Fund Growth SIP Calculator
If invested
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 SBI Nifty India Consumption Index 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 SBI Nifty India Consumption Index 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 SBI Nifty India Consumption Index 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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