NRI from all over the world (including 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
₹225.79
-1.15%
NAV as on 05 Oct 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 05 Oct 24, 12:00 AM
very high risk
equity consumption
equity
40.33%p.a.
Last 1Y
18.61%p.a.
Last 3Y
21.71%p.a.
Last 5Y
17.86%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life India GenNext Fund Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Aug 2005, Aditya Birla Sun Life India GenNext Fund Growth is Equity - Consumption fund of its category with 6,010.67 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.
ITC Ltd
4.69%
Bharti Airtel Ltd
4.60%
ICICI Bank Ltd
4.32%
Trent Ltd
4.07%
HDFC Bank Ltd
3.28%
Maruti Suzuki India Ltd
3.17%
Hindustan Unilever Ltd
2.75%
Tata Motors Ltd
2.64%
Avenue Supermarts Ltd
2.63%
Mahindra & Mahindra Ltd
2.41%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
22.6%
very high risk | equity
27.3%
very high risk | equity
23.4%