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

INVEST VIA NRE/NRO

Quant ELSS Tax Saver Growth for NRI [387.44]

Min Investment

500

Fund Size

9,360.89 Cr

Expense Ratio

1.8%

Exit Load

0%

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

387.44

0.00%

NAV as on 26 May 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 26 May 24, 12:00 AM

very high risk

elss (tax savings)

elss

64.07%p.a.

Last 1Y

27.79%p.a.

Last 3Y

32.46%p.a.

Last 5Y

16.20%p.a.

Since Inception

About Quant ELSS Tax Saver Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Quant ELSS Tax Saver Growth scheme from Quant Money Managers Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Mar 2000, Quant ELSS Tax Saver Growth is ELSS (Tax Savings) fund of its category with 9,360.89 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Quant ELSS Tax Saver Growth delivered 64.1% annual returns during the last year. It has delivered 16.2% average annual returns since the fund was launched.
  • Quant ELSS Tax Saver Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

The investment objective of the Scheme is to generate Capital Appreciation by investing predominantly in a well-diversified portfolio of Equity Shares with growth potential. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

Reliance Industries Ltd

9.53%

Adani Power Ltd

7.58%

Jio Financial Services Ltd

6.29%

Hindalco Industries Ltd

5.01%

GAIL (India) Ltd

4.72%

Tata Consultancy Services Ltd

4.57%

Aurobindo Pharma Ltd

4.52%

Britannia Industries Ltd

4.22%

Punjab National Bank

3.63%

Jindal Steel & Power Ltd

3.60%

Fund Managers

  1. Vasav Sahgal (Jun 2019 - Present)
  2. Ankit A. Pande (May 2020 - Present)

Key Information

View Scheme Document

Quant ELSS Tax Saver 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 Quant ELSS Tax Saver 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 Quant ELSS Tax Saver 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 Quant ELSS Tax Saver 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