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

INVEST VIA NRE/NRO

Franklin India NSE Nifty 50 Index Fund Growth for NRI [188.52]

Min Investment

5,000

Fund Size

657.69 Cr

Expense Ratio

0.6%

Exit Load

0%

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

188.52

0.24%

NAV as on 20 Jun 24, 12:00 AM

very high risk

index funds

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

index funds

equity

25.78%p.a.

Last 1Y

14.91%p.a.

Last 3Y

15.27%p.a.

Last 5Y

12.90%p.a.

Since Inception

About Franklin India NSE Nifty 50 Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India NSE Nifty 50 Index Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Aug 2000, Franklin India NSE Nifty 50 Index Fund Growth is Index Funds fund of its category with 657.69 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • Franklin India NSE Nifty 50 Index Fund Growth delivered 25.8% annual returns during the last year. It has delivered 12.9% average annual returns since the fund was launched.
  • Franklin India NSE Nifty 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 invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with the Nifty 50 under NSENifty Plan.

Top 10 Holdings

HDFC Bank Ltd

11.60%

Reliance Industries Ltd

9.75%

ICICI Bank Ltd

7.86%

Infosys Ltd

5.06%

Larsen & Toubro Ltd

4.36%

ITC Ltd

3.82%

Tata Consultancy Services Ltd

3.75%

Bharti Airtel Ltd

3.59%

Axis Bank Ltd

3.32%

State Bank of India

3.20%

Fund Managers

  1. Varun Sharma (Nov 2015 - Present)
  2. Sandeep Manam (Oct 2021 - Present)

Key Information

View Scheme Document

Franklin India NSE Nifty 50 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 Franklin India NSE Nifty 50 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 Franklin India NSE Nifty 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 Franklin India NSE Nifty 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

Frequently Asked Questions