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

INVEST VIA NRE/NRO

Tata Nifty Financial Services Index Fund Growth for NRI [11.20]

Min Investment

5,000

Fund Size

44.33 Cr

Expense Ratio

1.1%

Exit Load

0.25%

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

11.20

-0.88%

NAV as on 07 Nov 24, 12:00 AM

very high risk

index funds

equity

NAV as on 07 Nov 24, 12:00 AM

very high risk

index funds

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

11.64%p.a.

Since Inception

About Tata Nifty Financial Services Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Tata Nifty Financial Services Index Fund Growth scheme from Tata Asset Management Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Apr 2024, Tata Nifty Financial Services Index Fund Growth is Index Funds fund of its category with 44.33 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • Tata Nifty Financial Services Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered 11.6% average annual returns since the fund was launched.
  • Tata Nifty Financial Services 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, before expenses, that is commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error.

Top 10 Holdings

HDFC Bank Ltd

31.13%

ICICI Bank Ltd

21.37%

Axis Bank Ltd

8.36%

State Bank of India

7.53%

Kotak Mahindra Bank Ltd

6.79%

Bajaj Finance Ltd

5.35%

Bajaj Finserv Ltd

2.67%

Shriram Finance Ltd

2.48%

SBI Life Insurance Co Ltd

2.07%

HDFC Life Insurance Co Ltd

1.89%

Fund Managers

  1. Kapil Menon (Apr 2024 - Present)

Key Information

View Scheme Document

Tata Nifty Financial Services 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 Tata Nifty Financial Services 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 Tata Nifty Financial Services 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 Tata Nifty Financial Services 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