NRI from all over the world (including 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
₹4182.89
-1.98%
NAV as on 03 Oct 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 03 Oct 24, 12:00 AM
very high risk
mid cap
equity
54.17%p.a.
Last 1Y
27.68%p.a.
Last 3Y
32.01%p.a.
Last 5Y
23.22%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Nippon India Growth Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Oct 1995, Nippon India Growth Fund - Growth is Mid-Cap fund of its category with 33,706.68 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Power Finance Corp Ltd
3.26%
Cholamandalam Financial Holdings Ltd
2.61%
Voltas Ltd
2.59%
Persistent Systems Ltd
2.57%
The Federal Bank Ltd
2.31%
Fortis Healthcare Ltd
2.17%
Prestige Estates Projects Ltd
2.00%
Indus Towers Ltd Ordinary Shares
1.89%
Supreme Industries Ltd
1.89%
NTPC Ltd
1.87%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
28.0%
very high risk | equity
23.9%
very high risk | equity
18.5%