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

INVEST VIA NRE/NRO

Nippon India Gilt Securities Fund -Growth for NRI [35.48]

Min Investment

5,000

Fund Size

1,649.93 Cr

Expense Ratio

1.3%

Exit Load

0.25%

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

35.48

0.13%

NAV as on 17 Jul 24, 12:00 AM

moderate risk

government bond

gilt

NAV as on 17 Jul 24, 12:00 AM

moderate risk

government bond

gilt

7.70%p.a.

Last 1Y

5.29%p.a.

Last 3Y

5.69%p.a.

Last 5Y

8.25%p.a.

Since Inception

About Nippon India Gilt Securities Fund -Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Nippon India Gilt Securities Fund -Growth scheme from Nippon Life India Asset Management Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Aug 2008, Nippon India Gilt Securities Fund -Growth is Government Bond fund of its category with 1,649.93 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • Nippon India Gilt Securities Fund -Growth delivered 7.7% annual returns during the last year. It has delivered 8.3% average annual returns since the fund was launched.
  • Nippon India Gilt Securities Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in gilt

Fund Objective

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government.

Top 10 Holdings

7.18% Govt Stock 2037

15.00%

7.3% Govt Stock 2053

11.55%

7.23% Govt Stock 2039

10.80%

7.26% Govt Stock 2033

10.78%

7.18% Govt Stock 2033

9.17%

7.1% Govt Stock 2034

7.32%

7.34% Govt Stock 2064

7.19%

7.25% Govt Stock 2063

6.80%

6.67% Govt Stock 2035

2.35%

07.85 MP Sdl 2032

1.56%

Fund Managers

  1. Pranay Sinha (Mar 2021 - Present)
  2. Kinjal Desai (Oct 2021 - Present)

Key Information

View Scheme Document

Nippon India Gilt Securities 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 Nippon India Gilt Securities 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 Nippon India Gilt Securities 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 Nippon India Gilt Securities 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