NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
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About Tata India Innovation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata India Innovation Fund Growth scheme from Tata Asset Management Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Dec 2024, Tata India Innovation Fund Growth is Equity - Other fund of its category with 0 fund under management as on Jan 1970. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Tata India Innovation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- Tata India Innovation 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 investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.
Top 0 Holdings
Fund Managers
- Meeta Shetty (Nov 2024 - Present)
- Kapil Malhotra (Nov 2024 - Present)
Key Information
View Scheme Document
Tata India Innovation Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Tata India Innovation 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 Tata India Innovation 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 Tata India Innovation 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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