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
₹611.21
0.33%
NAV as on 04 Feb 26, 12:00 AM
risk
etf units
equity
NAV as on 04 Feb 26, 12:00 AM
risk
etf units
equity
20.90%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
11.81%p.a.
Since Inception
About Mirae Asset Nifty Bank ETF - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Nifty Bank ETF - Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a ETF Units mutual fund scheme that predominantly invests in ETF Units stocks of companies. Launched on Jul 2023, Mirae Asset Nifty Bank ETF - Growth is ETF Units fund of its category with 244.78 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category ETF Units funds.
- Mirae Asset Nifty Bank ETF - Growth delivered 20.9% annual returns during the last year. It has delivered 11.8% average annual returns since the fund was launched.
- Mirae Asset Nifty Bank ETF - 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 Generate Returns, Before Expenses, That Are Commensurate With The Performance Of The Nifty Bank Total Return Index, Subject To Tracking Error. There Is No Assurance Or Guarantee That The Investment Objective Of The Scheme Would Be Achieved.
Top 10 Holdings
Repo
0.17%
Net Payables
-0.14%
Axis Bank Ltd
9.29%
Bank Of Baroda
3.49%
Canara Bank
3.34%
The Federal Bank Ltd
4.31%
HDFC Bank Ltd
25.14%
ICICI Bank Ltd
20.16%
Indusind Bank Ltd
3.69%
Kotak Mahindra Bank Ltd
9.22%
Fund Managers
- Ekta Gala (Jul 2023 - Present)
- Ritesh Patel (Mar 2025 - Present)
Key Information
View Scheme Document
Mirae Asset Nifty Bank ETF - Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Nifty Bank ETF - 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 Mirae Asset Nifty Bank ETF - 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 Mirae Asset Nifty Bank ETF - 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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