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

INVEST VIA NRE/NRO

Nippon India Power & Infra Fund - Growth for NRI [366.53]

Min Investment

5,000

Fund Size

7,638.02 Cr

Expense Ratio

1.8%

Exit Load

1%

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

366.53

-1.09%

NAV as on 05 Oct 24, 12:00 AM

very high risk

equity other

equity

NAV as on 05 Oct 24, 12:00 AM

very high risk

equity other

equity

58.71%p.a.

Last 1Y

33.69%p.a.

Last 3Y

31.91%p.a.

Last 5Y

19.53%p.a.

Since Inception

About Nippon India Power & Infra Fund - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Nippon India Power & Infra Fund - Growth scheme from Nippon Life India Asset Management Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on May 2004, Nippon India Power & Infra Fund - Growth is Equity - Other fund of its category with 7,638.02 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.

  • Nippon India Power & Infra Fund - Growth delivered 58.7% annual returns during the last year. It has delivered 19.5% average annual returns since the fund was launched.
  • Nippon India Power & Infra 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 seek long term capital appreciation by investing in equity/equity related instruments of the companies that are engaged in power and infrastructure space in India. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Top 10 Holdings

Larsen & Toubro Ltd

9.70%

Reliance Industries Ltd

7.51%

NTPC Ltd

6.27%

Kaynes Technology India Ltd

5.79%

Bharti Airtel Ltd

5.20%

Bosch Ltd

4.24%

UltraTech Cement Ltd

4.00%

Carborundum Universal Ltd

3.59%

Honeywell Automation India Ltd

3.34%

Power Grid Corp Of India Ltd

3.31%

Fund Managers

  1. Kinjal Desai (May 2018 - Present)
  2. Rahul Modi (Aug 2024 - Present)

Key Information

View Scheme Document

Nippon India Power & Infra 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 Power & Infra 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 Power & Infra 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 Power & Infra 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