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
₹16.78
1.07%
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
index funds
equity
72.28%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
36.10%p.a.
Since Inception
About Tata Nifty Midcap 150 Momentum 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata Nifty Midcap 150 Momentum 50 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 Oct 2022, Tata Nifty Midcap 150 Momentum 50 Index Fund Growth is Index Funds fund of its category with 215.84 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Tata Nifty Midcap 150 Momentum 50 Index Fund Growth delivered 72.3% annual returns during the last year. It has delivered 36.1% average annual returns since the fund was launched.
- Tata Nifty Midcap 150 Momentum 50 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 commensurate with the performance of NIFTY Midcap 150 Momentum 50 Index (TRI), subject to tracking error
Top 10 Holdings
Lupin Ltd
4.96%
REC Ltd
4.83%
Aurobindo Pharma Ltd
4.59%
Power Finance Corp Ltd
4.46%
Bharat Heavy Electricals Ltd
4.11%
Jindal Stainless Ltd
3.60%
Indian Railway Finance Corp Ltd Ordinary Shares
3.35%
Polycab India Ltd
3.07%
HDFC Asset Management Co Ltd
2.91%
Supreme Industries Ltd
2.77%
Fund Managers
- Kapil Menon (Apr 2024 - Present)
Key Information
View Scheme Document
Tata Nifty Midcap 150 Momentum 50 Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Tata Nifty Midcap 150 Momentum 50 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 Tata Nifty Midcap 150 Momentum 50 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 Midcap 150 Momentum 50 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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