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
₹17.16
-2.38%
NAV as on 03 Oct 24, 12:00 AM
very high risk
index funds
equity
NAV as on 03 Oct 24, 12:00 AM
very high risk
index funds
equity
70.62%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
35.81%p.a.
Since Inception
About Edelweiss Nifty Next 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Edelweiss Nifty Next 50 Index Fund Growth scheme from Edelweiss Asset Management Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Nov 2022, Edelweiss Nifty Next 50 Index Fund Growth is Index Funds fund of its category with 69.05 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Edelweiss Nifty Next 50 Index Fund Growth delivered 70.6% annual returns during the last year. It has delivered 35.8% average annual returns since the fund was launched.
- Edelweiss Nifty Next 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 closely correspond to the total returns of the Nifty Next 50 Index subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 10 Holdings
Trent Ltd
6.84%
Bharat Electronics Ltd
4.65%
Hindustan Aeronautics Ltd Ordinary Shares
3.80%
InterGlobe Aviation Ltd
3.47%
Power Finance Corp Ltd
3.46%
Vedanta Ltd
3.41%
REC Ltd
3.32%
Tata Power Co Ltd
3.19%
TVS Motor Co Ltd
2.84%
Indian Oil Corp Ltd
2.82%
Fund Managers
- Bhavesh Jain (Nov 2022 - Present)
Key Information
View Scheme Document
Edelweiss Nifty Next 50 Index Fund Growth SIP Calculator
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
NRI Mutual Fund Tax on Edelweiss Nifty Next 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 Edelweiss Nifty Next 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 Edelweiss Nifty Next 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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3Y Return
UTI Nifty 50 Index Fund Plan Growth
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13.9%
HDFC Index Nifty 50
very high risk | equity
13.8%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
13.8%
Frequently Asked Questions
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