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

INVEST VIA NRE/NRO

Nippon India Asset Allocator FoF Growth for NRI [18.59]

Min Investment

5,000

Fund Size

221.6 Cr

Expense Ratio

2.0%

Exit Load

1%

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

18.59

-0.15%

NAV as on 26 May 24, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 26 May 24, 12:00 AM

very high risk

multi asset allocation

equity

34.32%p.a.

Last 1Y

19.22%p.a.

Last 3Y

0.00%p.a.

Last 5Y

20.53%p.a.

Since Inception

About Nippon India Asset Allocator FoF Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Nippon India Asset Allocator FoF Growth scheme from Nippon Life India Asset Management Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Feb 2021, Nippon India Asset Allocator FoF Growth is Multi Asset Allocation fund of its category with 221.6 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • Nippon India Asset Allocator FoF Growth delivered 34.3% annual returns during the last year. It has delivered 20.5% average annual returns since the fund was launched.
  • Nippon India Asset Allocator FoF 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 primary investment objective of the Scheme is to seek long term capital growth by investing in units of equity oriented schemes, debt oriented schemes, gold ETF, units of ETFs/Index Funds of Nippon India Mutual Fund or any other Mutual Fund(s). However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Top 6 Holdings

Nippon India Large Cap Dir Gr

23.14%

Nippon India ETF Gold BeES

22.13%

Nippon India Growth Dir Gr

19.38%

Nippon India Small Cap Dir Gr

13.47%

Nippon India Gilt Sec Dir Gr

10.99%

Nippon India Short Term Dir Gr

8.42%

Fund Managers

  1. Ashutosh Bhargava (Feb 2021 - Present)
  2. Sushil Budhia (Mar 2021 - Present)

Key Information

View Scheme Document

Nippon India Asset Allocator FoF 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 Nippon India Asset Allocator FoF 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 Nippon India Asset Allocator FoF 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 Nippon India Asset Allocator FoF 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