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
₹12.71
-0.07%
NAV as on 18 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 18 Dec 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
23.46%p.a.
Since Inception
About Tata Nifty MidSmall Healthcare Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata Nifty MidSmall Healthcare 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 MidSmall Healthcare Index Fund Growth is Index Funds fund of its category with 123.46 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Tata Nifty MidSmall Healthcare Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered 23.5% average annual returns since the fund was launched.
- Tata Nifty MidSmall Healthcare 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 are in line with the performance of Nifty MidSmall Healthcare Index (TRI), subject to tracking error.
Top 10 Holdings
Max Healthcare Institute Ltd Ordinary Shares
13.48%
Lupin Ltd
9.40%
Aurobindo Pharma Ltd
6.97%
Fortis Healthcare Ltd
5.80%
Alkem Laboratories Ltd
5.39%
Glenmark Pharmaceuticals Ltd
4.55%
Mankind Pharma Ltd
4.49%
Ipca Laboratories Ltd
3.85%
Laurus Labs Ltd
3.45%
Suven Pharmaceuticals Ltd
2.97%
Fund Managers
- Kapil Menon (Apr 2024 - Present)
- Rakesh Prajapati (Dec 2024 - Present)
Key Information
View Scheme Document
Tata Nifty MidSmall Healthcare Index Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Tata Nifty MidSmall Healthcare 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 MidSmall Healthcare 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 MidSmall Healthcare 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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