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

INVEST VIA NRE/NRO

SBI Nifty Index Fund Growth for NRI [200.73]

Min Investment

5,000

Fund Size

7,310.91 Cr

Expense Ratio

0.5%

Exit Load

0.2%

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

200.73

-0.04%

NAV as on 26 May 24, 12:00 AM

very high risk

index funds

equity

NAV as on 26 May 24, 12:00 AM

very high risk

index funds

equity

26.32%p.a.

Last 1Y

15.50%p.a.

Last 3Y

14.61%p.a.

Last 5Y

14.51%p.a.

Since Inception

About SBI Nifty Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Nifty Index Fund Growth scheme from SBI Funds Management Ltd. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Jan 2002, SBI Nifty Index Fund Growth is Index Funds fund of its category with 7,310.91 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • SBI Nifty Index Fund Growth delivered 26.3% annual returns during the last year. It has delivered 14.5% average annual returns since the fund was launched.
  • SBI Nifty Index 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 scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus IDCW payments by the constituent stocks.

Top 10 Holdings

HDFC Bank Ltd

11.49%

Reliance Industries Ltd

9.97%

ICICI Bank Ltd

8.12%

Infosys Ltd

5.09%

Larsen & Toubro Ltd

4.27%

Tata Consultancy Services Ltd

3.89%

ITC Ltd

3.88%

Bharti Airtel Ltd

3.46%

Axis Bank Ltd

3.33%

State Bank of India

3.19%

Fund Managers

  1. Raviprakash Sharma (Feb 2011 - Present)
  2. Mohit Jain (Nov 2017 - Present)

Key Information

View Scheme Document

SBI Nifty Index 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 SBI Nifty Index 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 SBI Nifty Index 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 SBI Nifty Index 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