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

INVEST VIA NRE/NRO

SBI Nifty India Consumption Index Fund Growth for NRI [9.58]

Min Investment

5,000

Fund Size

0

Expense Ratio

0.0%

Exit Load

0.25%

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

9.58

-1.26%

NAV as on 13 Nov 24, 12:00 AM

very high risk

equity consumption

equity

NAV as on 13 Nov 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

0.00%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 0 fund under management as on Nov 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 0.0% 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

ITC Ltd

10.53%

Bharti Airtel Ltd

10.22%

Mahindra & Mahindra Ltd

7.59%

Hindustan Unilever Ltd

7.03%

Trent Ltd

4.94%

Zomato Ltd

4.70%

Maruti Suzuki India Ltd

4.55%

Titan Co Ltd

4.22%

Asian Paints Ltd

4.15%

Bajaj Auto Ltd

3.41%

Fund Managers

  1. Harsh Sethi (Oct 2024 - Present)

Key Information

View Scheme Document

SBI Nifty India Consumption Index 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 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 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 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

Frequently Asked Questions