+91-22-48913909Mutual Funds for United Kingdom-Based NRI Investing in India
The United Kingdom (UK) is an important trade partner of India, as a lot of UK-based Non-Resident Indians (NRIs) invest in India. Also, India is one of the fastest growing economies in the world, it attracts thousands of NRI investors from abroad.
Many NRIs living in the UK invest in debt and equity market for earning good returns. Mutual Funds are a great option to earn higher income when compared to traditional investments. The longer you invest in MFs the higher are the possibilities to earn good returns.
Usually, NRIs living in the UK plans their long-term Financial goals like retirement by Investing in mutual funds in India. Investors living in the UK who are planning for mutual fund investment, the first thing you always need to do before deciding on the fund is to- determine the time frame of the investment. For instance, if you require the money within three years or less call it as short-term. If you would redeem the investment between three to five years call it as mid-term and anytime above five years call it as long-term.
UK-based NRIs who want to invest in Mutual Funds in India there are some of the important guidelines & rules that need to be followed in order to begin their investment.
Mutual Fund Investments for NRI Living in UK
To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian Bank:
NRE Account
This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.
NRO Account
The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).
FCNR Account
This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.
Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.
KYC Procedure for UK NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, UK NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
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Non-Resident Indian (NRI) Mutual Fund Taxation
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Popular Cities in United Kingdom
Some of the most popular cities in UK where you can find most Indians are:
- London
- Edinburgh
- Manchester
- Birmingham
- Cambridge
- Oxford
Fund Selection Methodology used to find 10 funds
Best Mutual Funds to Invest for UK NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) Sub Cat. DSP World Gold Fund Growth 13 31.8 128.4 49.2 28.3 167.1 Global Franklin India Short Term Income Plan - Retail Plan Growth 192.1 192.1 192.1 47.3 32.5 Short term Bond Aditya Birla Sun Life Gold Fund Growth 7.7 22.2 57.9 33 24.7 72 Gold SBI Gold Fund Growth 7.7 23.4 58.5 32.8 25.5 71.5 Gold HDFC Gold Fund Growth 7.8 23.2 57.8 32.8 24.9 71.3 Gold ICICI Prudential Regular Gold Savings Fund Growth 7.5 22.6 57.6 32.7 25.2 72 Gold Nippon India Gold Savings Fund Growth 7.7 23.2 57.5 32.7 24.8 71.2 Gold Kotak Gold Fund Growth 8 23.1 57.4 32.6 24.9 70.4 Gold IDBI Gold Fund Growth 7 19.3 55.2 32.4 25 79 Gold Axis Gold Fund Growth 7 21.4 56.4 32.4 24.7 69.8 Gold Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Apr 26 Research Highlights & Commentary of 10 Funds showcased
Commentary DSP World Gold Fund Franklin India Short Term Income Plan - Retail Plan Aditya Birla Sun Life Gold Fund SBI Gold Fund HDFC Gold Fund ICICI Prudential Regular Gold Savings Fund Nippon India Gold Savings Fund Kotak Gold Fund IDBI Gold Fund Axis Gold Fund Point 1 Lower mid AUM (₹2,191 Cr). Bottom quartile AUM (₹13 Cr). Bottom quartile AUM (₹1,782 Cr). Highest AUM (₹15,700 Cr). Top quartile AUM (₹11,766 Cr). Upper mid AUM (₹6,535 Cr). Upper mid AUM (₹7,223 Cr). Upper mid AUM (₹6,866 Cr). Bottom quartile AUM (₹795 Cr). Lower mid AUM (₹2,998 Cr). Point 2 Established history (18+ yrs). Oldest track record among peers (24 yrs). Established history (14+ yrs). Established history (14+ yrs). Established history (14+ yrs). Established history (14+ yrs). Established history (15+ yrs). Established history (15+ yrs). Established history (13+ yrs). Established history (14+ yrs). Point 3 Top rated. Rating: 2★ (upper mid). Rating: 3★ (top quartile). Rating: 2★ (upper mid). Rating: 1★ (lower mid). Rating: 1★ (lower mid). Rating: 2★ (upper mid). Rating: 1★ (bottom quartile). Not Rated. Rating: 1★ (bottom quartile). Point 4 Risk profile: High. Risk profile: Moderate. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 28.34% (top quartile). 1Y return: 192.10% (top quartile). 5Y return: 24.74% (bottom quartile). 5Y return: 25.49% (upper mid). 5Y return: 24.87% (lower mid). 5Y return: 25.23% (upper mid). 5Y return: 24.79% (bottom quartile). 5Y return: 24.91% (lower mid). 5Y return: 25.02% (upper mid). 5Y return: 24.66% (bottom quartile). Point 6 3Y return: 49.19% (top quartile). 1M return: 192.10% (top quartile). 3Y return: 32.97% (upper mid). 3Y return: 32.81% (upper mid). 3Y return: 32.78% (upper mid). 3Y return: 32.69% (lower mid). 3Y return: 32.67% (lower mid). 3Y return: 32.59% (bottom quartile). 3Y return: 32.42% (bottom quartile). 3Y return: 32.35% (bottom quartile). Point 7 1Y return: 128.35% (top quartile). Sharpe: -90.89 (bottom quartile). 1Y return: 57.94% (upper mid). 1Y return: 58.47% (upper mid). 1Y return: 57.82% (upper mid). 1Y return: 57.59% (lower mid). 1Y return: 57.53% (lower mid). 1Y return: 57.41% (bottom quartile). 1Y return: 55.21% (bottom quartile). 1Y return: 56.39% (bottom quartile). Point 8 Alpha: 6.90 (top quartile). Information ratio: -2.42 (bottom quartile). 1M return: -12.85% (upper mid). 1M return: -12.93% (upper mid). 1M return: -12.71% (top quartile). 1M return: -13.22% (lower mid). 1M return: -12.86% (upper mid). 1M return: -12.93% (lower mid). 1M return: -13.78% (bottom quartile). 1M return: -14.20% (bottom quartile). Point 9 Sharpe: 4.06 (top quartile). Yield to maturity (debt): 0.00% (top quartile). Alpha: 0.00 (top quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Information ratio: -1.08 (bottom quartile). Modified duration: 0.00 yrs (top quartile). Sharpe: 2.57 (bottom quartile). Sharpe: 2.95 (upper mid). Sharpe: 3.01 (upper mid). Sharpe: 2.66 (lower mid). Sharpe: 2.55 (bottom quartile). Sharpe: 3.49 (top quartile). Sharpe: 2.75 (lower mid). Sharpe: 3.39 (upper mid). DSP World Gold Fund
Franklin India Short Term Income Plan - Retail Plan
Aditya Birla Sun Life Gold Fund
SBI Gold Fund
HDFC Gold Fund
ICICI Prudential Regular Gold Savings Fund
Nippon India Gold Savings Fund
Kotak Gold Fund
IDBI Gold Fund
Axis Gold Fund
*List of funds is based on past 3 Year Returns in decending order.
"The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized." Below is the key information for DSP World Gold Fund Returns up to 1 year are on The objective of the Scheme is to provide investors stable returns by investing in fixed income securities. Research Highlights for Franklin India Short Term Income Plan - Retail Plan Below is the key information for Franklin India Short Term Income Plan - Retail Plan Returns up to 1 year are on An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF). Research Highlights for Aditya Birla Sun Life Gold Fund Below is the key information for Aditya Birla Sun Life Gold Fund Returns up to 1 year are on The scheme seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold (Previously known as SBI GETS). Research Highlights for SBI Gold Fund Below is the key information for SBI Gold Fund Returns up to 1 year are on To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF). Research Highlights for HDFC Gold Fund Below is the key information for HDFC Gold Fund Returns up to 1 year are on ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF).
However, there can be no assurance that the investment objectives of the Scheme will be realized. Research Highlights for ICICI Prudential Regular Gold Savings Fund Below is the key information for ICICI Prudential Regular Gold Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES. Research Highlights for Nippon India Gold Savings Fund Below is the key information for Nippon India Gold Savings Fund Returns up to 1 year are on The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund. Research Highlights for Kotak Gold Fund Below is the key information for Kotak Gold Fund Returns up to 1 year are on The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund (IDBI GOLD ETF). Research Highlights for IDBI Gold Fund Below is the key information for IDBI Gold Fund Returns up to 1 year are on To generate returns that closely correspond to returns generated by Axis Gold ETF. Research Highlights for Axis Gold Fund Below is the key information for Axis Gold Fund Returns up to 1 year are on 1. DSP World Gold Fund
DSP World Gold Fund
Growth Launch Date 14 Sep 07 NAV (02 Apr 26) ₹59.6148 ↑ 1.62 (2.79 %) Net Assets (Cr) ₹2,191 on 28 Feb 26 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.41 Sharpe Ratio 4.06 Information Ratio -1.08 Alpha Ratio 6.9 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,138 31 Mar 23 ₹10,487 31 Mar 24 ₹10,232 31 Mar 25 ₹15,284 31 Mar 26 ₹33,879 Returns for DSP World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -15.6% 3 Month 13% 6 Month 31.8% 1 Year 128.4% 3 Year 49.2% 5 Year 28.3% 10 Year 15 Year Since launch 10.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 167.1% 2024 15.9% 2023 7% 2022 -7.7% 2021 -9% 2020 31.4% 2019 35.1% 2018 -10.7% 2017 -4% 2016 52.7% Fund Manager information for DSP World Gold Fund
Name Since Tenure Jay Kothari 1 Mar 13 13.01 Yr. Data below for DSP World Gold Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Basic Materials 94.27% Asset Allocation
Asset Class Value Cash 3.92% Equity 94.27% Debt 0.01% Other 1.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF World Gold I2
Investment Fund | -70% ₹1,531 Cr 1,103,589
↓ -74,069 VanEck Gold Miners ETF
- | GDX28% ₹604 Cr 573,719 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -4% ₹90 Cr Net Receivables/Payables
Net Current Assets | -2% -₹35 Cr 2. Franklin India Short Term Income Plan - Retail Plan
Franklin India Short Term Income Plan - Retail Plan
Growth Launch Date 31 Jan 02 NAV (02 May 25) ₹15,041.3 ↑ 0.11 (0.00 %) Net Assets (Cr) ₹13 on 31 Mar 25 Category Debt - Short term Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0 Sharpe Ratio -90.89 Information Ratio -2.42 Alpha Ratio -6.74 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (0.5%),1 Years and above(NIL) Yield to Maturity 0% Effective Maturity Modified Duration Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,805 31 Mar 23 ₹12,386 31 Mar 24 ₹12,900 31 Mar 25 ₹12,900
Purchase not allowed Returns for Franklin India Short Term Income Plan - Retail Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month 192.1% 3 Month 192.1% 6 Month 192.1% 1 Year 192.1% 3 Year 47.3% 5 Year 32.5% 10 Year 15 Year Since launch 12.4% Historical performance (Yearly) on absolute basis
Year Returns 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Fund Manager information for Franklin India Short Term Income Plan - Retail Plan
Name Since Tenure Data below for Franklin India Short Term Income Plan - Retail Plan as on 31 Mar 25
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. Aditya Birla Sun Life Gold Fund
Aditya Birla Sun Life Gold Fund
Growth Launch Date 20 Mar 12 NAV (02 Apr 26) ₹42.1655 ↓ -0.82 (-1.90 %) Net Assets (Cr) ₹1,782 on 28 Feb 26 Category Gold - Gold AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.51 Sharpe Ratio 2.57 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,440 31 Mar 23 ₹13,104 31 Mar 24 ₹14,503 31 Mar 25 ₹19,100 31 Mar 26 ₹30,839 Returns for Aditya Birla Sun Life Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -12.8% 3 Month 7.7% 6 Month 22.2% 1 Year 57.9% 3 Year 33% 5 Year 24.7% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 72% 2024 18.7% 2023 14.5% 2022 12.3% 2021 -5% 2020 26% 2019 21.3% 2018 6.8% 2017 1.6% 2016 11.5% Fund Manager information for Aditya Birla Sun Life Gold Fund
Name Since Tenure Priya Sridhar 31 Dec 24 1.16 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.53% Other 98.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Gold ETF
- | -100% ₹1,780 Cr 127,353,077
↑ 4,794,311 Clearing Corporation Of India Limited
CBLO/Reverse Repo | -0% ₹7 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹6 Cr 4. SBI Gold Fund
SBI Gold Fund
Growth Launch Date 12 Sep 11 NAV (02 Apr 26) ₹42.5129 ↓ -1.03 (-2.37 %) Net Assets (Cr) ₹15,700 on 28 Feb 26 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.3 Sharpe Ratio 2.95 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,479 31 Mar 23 ₹13,282 31 Mar 24 ₹14,673 31 Mar 25 ₹19,214 31 Mar 26 ₹31,308 Returns for SBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -12.9% 3 Month 7.7% 6 Month 23.4% 1 Year 58.5% 3 Year 32.8% 5 Year 25.5% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 71.5% 2024 19.6% 2023 14.1% 2022 12.6% 2021 -5.7% 2020 27.4% 2019 22.8% 2018 6.4% 2017 3.5% 2016 10% Fund Manager information for SBI Gold Fund
Name Since Tenure Viral Chhadva 1 Mar 26 0 Yr. Data below for SBI Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.42% Other 98.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹15,701 Cr 1,156,186,343
↑ 58,974,677 Net Receivable / Payable
CBLO | -0% -₹61 Cr Treps
CBLO/Reverse Repo | -0% ₹60 Cr 5. HDFC Gold Fund
HDFC Gold Fund
Growth Launch Date 24 Oct 11 NAV (02 Apr 26) ₹43.378 ↓ -0.94 (-2.12 %) Net Assets (Cr) ₹11,766 on 28 Feb 26 Category Gold - Gold AMC HDFC Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.49 Sharpe Ratio 3.01 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,416 31 Mar 23 ₹13,163 31 Mar 24 ₹14,561 31 Mar 25 ₹19,115 31 Mar 26 ₹30,847 Returns for HDFC Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -12.7% 3 Month 7.8% 6 Month 23.2% 1 Year 57.8% 3 Year 32.8% 5 Year 24.9% 10 Year 15 Year Since launch 10.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 71.3% 2024 18.9% 2023 14.1% 2022 12.7% 2021 -5.5% 2020 27.5% 2019 21.7% 2018 6.6% 2017 2.8% 2016 10.1% Fund Manager information for HDFC Gold Fund
Name Since Tenure Arun Agarwal 15 Feb 23 3.04 Yr. Nandita Menezes 29 Mar 25 0.92 Yr. Data below for HDFC Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.36% Other 98.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -100% ₹11,760 Cr 864,529,937
↑ 23,844,500 Treps - Tri-Party Repo
CBLO/Reverse Repo | -0% ₹15 Cr Net Current Assets
Net Current Assets | -0% -₹9 Cr 6. ICICI Prudential Regular Gold Savings Fund
ICICI Prudential Regular Gold Savings Fund
Growth Launch Date 11 Oct 11 NAV (02 Apr 26) ₹44.825 ↓ -1.09 (-2.38 %) Net Assets (Cr) ₹6,535 on 28 Feb 26 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.38 Sharpe Ratio 2.66 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Months (2%),15 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,416 31 Mar 23 ₹13,182 31 Mar 24 ₹14,597 31 Mar 25 ₹19,039 31 Mar 26 ₹31,007 Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -13.2% 3 Month 7.5% 6 Month 22.6% 1 Year 57.6% 3 Year 32.7% 5 Year 25.2% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 72% 2024 19.5% 2023 13.5% 2022 12.7% 2021 -5.4% 2020 26.6% 2019 22.7% 2018 7.4% 2017 0.8% 2016 8.9% Fund Manager information for ICICI Prudential Regular Gold Savings Fund
Name Since Tenure Manish Banthia 27 Sep 12 13.43 Yr. Nishit Patel 29 Dec 20 5.17 Yr. Ashwini Bharucha 1 Nov 25 0.33 Yr. Venus Ahuja 1 Nov 25 0.33 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.68% Other 98.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Gold ETF
- | -100% ₹6,523 Cr 478,598,971
↑ 29,847,306 Treps
CBLO/Reverse Repo | -1% ₹44 Cr Net Current Assets
Net Current Assets | -0% -₹32 Cr 7. Nippon India Gold Savings Fund
Nippon India Gold Savings Fund
Growth Launch Date 7 Mar 11 NAV (02 Apr 26) ₹55.5036 ↓ -1.28 (-2.26 %) Net Assets (Cr) ₹7,223 on 28 Feb 26 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (2%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,507 31 Mar 23 ₹13,272 31 Mar 24 ₹14,664 31 Mar 25 ₹19,140 31 Mar 26 ₹31,151 Returns for Nippon India Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -12.9% 3 Month 7.7% 6 Month 23.2% 1 Year 57.5% 3 Year 32.7% 5 Year 24.8% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2025 71.2% 2024 19% 2023 14.3% 2022 12.3% 2021 -5.5% 2020 26.6% 2019 22.5% 2018 6% 2017 1.7% 2016 11.6% Fund Manager information for Nippon India Gold Savings Fund
Name Since Tenure Himanshu Mange 23 Dec 23 2.19 Yr. Data below for Nippon India Gold Savings Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.37% Other 98.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹7,221 Cr 548,676,679
↑ 21,617,000 Triparty Repo
CBLO/Reverse Repo | -0% ₹14 Cr Net Current Assets
Net Current Assets | -0% -₹12 Cr Cash Margin - Ccil
CBLO/Reverse Repo | -0% ₹0 Cr Cash
Net Current Assets | -0% ₹0 Cr 00 8. Kotak Gold Fund
Kotak Gold Fund
Growth Launch Date 25 Mar 11 NAV (02 Apr 26) ₹55.6559 ↓ -1.27 (-2.22 %) Net Assets (Cr) ₹6,866 on 28 Feb 26 Category Gold - Gold AMC Kotak Mahindra Asset Management Co Ltd Rating ☆ Risk Moderately High Expense Ratio 0.5 Sharpe Ratio 3.49 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,442 31 Mar 23 ₹13,045 31 Mar 24 ₹14,423 31 Mar 25 ₹18,873 31 Mar 26 ₹30,560 Returns for Kotak Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -12.9% 3 Month 8% 6 Month 23.1% 1 Year 57.4% 3 Year 32.6% 5 Year 24.9% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 70.4% 2024 18.9% 2023 13.9% 2022 11.7% 2021 -4.7% 2020 26.6% 2019 24.1% 2018 7.3% 2017 2.5% 2016 10.2% Fund Manager information for Kotak Gold Fund
Name Since Tenure Abhishek Bisen 25 Mar 11 14.94 Yr. Jeetu Sonar 1 Oct 22 3.41 Yr. Data below for Kotak Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.48% Other 98.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gold ETF
- | -100% ₹6,851 Cr 515,900,023
↑ 13,086,061 Triparty Repo
CBLO/Reverse Repo | -0% ₹30 Cr Net Current Assets/(Liabilities)
Net Current Assets | -0% -₹14 Cr 9. IDBI Gold Fund
IDBI Gold Fund
Growth Launch Date 14 Aug 12 NAV (02 Apr 26) ₹37.4096 ↓ -0.86 (-2.24 %) Net Assets (Cr) ₹795 on 28 Feb 26 Category Gold - Gold AMC IDBI Asset Management Limited Rating Risk Moderately High Expense Ratio 0.64 Sharpe Ratio 2.75 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,326 31 Mar 23 ₹13,152 31 Mar 24 ₹14,542 31 Mar 25 ₹19,185 31 Mar 26 ₹30,548 Returns for IDBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -13.8% 3 Month 7% 6 Month 19.3% 1 Year 55.2% 3 Year 32.4% 5 Year 25% 10 Year 15 Year Since launch 10.2% Historical performance (Yearly) on absolute basis
Year Returns 2025 79% 2024 18.7% 2023 14.8% 2022 12% 2021 -4% 2020 24.2% 2019 21.6% 2018 5.8% 2017 1.4% 2016 8.3% Fund Manager information for IDBI Gold Fund
Name Since Tenure Sumit Bhatnagar 1 Jun 24 1.75 Yr. Data below for IDBI Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.83% Other 98.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC MF Gold ETF
- | -100% ₹793 Cr 553,342
↑ 15,390 Treps
CBLO/Reverse Repo | -1% ₹7 Cr Net Receivables / (Payables)
Net Current Assets | -1% -₹5 Cr 10. Axis Gold Fund
Axis Gold Fund
Growth Launch Date 20 Oct 11 NAV (02 Apr 26) ₹41.9506 ↓ -1.36 (-3.14 %) Net Assets (Cr) ₹2,998 on 28 Feb 26 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.5 Sharpe Ratio 3.39 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹11,408 31 Mar 23 ₹13,231 31 Mar 24 ₹14,624 31 Mar 25 ₹19,102 31 Mar 26 ₹30,890 Returns for Axis Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Apr 26 Duration Returns 1 Month -14.2% 3 Month 7% 6 Month 21.4% 1 Year 56.4% 3 Year 32.4% 5 Year 24.7% 10 Year 15 Year Since launch 10.4% Historical performance (Yearly) on absolute basis
Year Returns 2025 69.8% 2024 19.2% 2023 14.7% 2022 12.5% 2021 -4.7% 2020 26.9% 2019 23.1% 2018 8.3% 2017 0.7% 2016 10.7% Fund Manager information for Axis Gold Fund
Name Since Tenure Aditya Pagaria 9 Nov 21 4.31 Yr. Pratik Tibrewal 1 Feb 25 1.07 Yr. Data below for Axis Gold Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 1.85% Other 98.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Gold ETF
- | -100% ₹2,992 Cr 225,201,921
↑ 9,540,137 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -0% ₹11 Cr Net Receivables / (Payables)
CBLO | -0% -₹6 Cr
How Can a UK-Based NRI Avoid Double Taxation?
Double taxation means where an NRI is subjected to double taxation- once in India and also again in the country where they are residing. For a Non-resident Indian based in UK, can be spared by paying double taxes. India has a Double Tax Avoidance Agreement (DTAA) with the UK.
For suppose, NRIs based in the UK makes STCGs (Short Term Capital Gains) from equity investments in India, they pay 15 percent tax in India. But, if the rate for such gains is 25 percent in the UK, investors will have to pay the tax only for the difference in rate in UK.
This means that the investors get a deduction on the tax paid in India from their tax payable in the UK.
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Research Highlights for DSP World Gold Fund