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
₹345.57
-0.08%
NAV as on 05 Oct 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 05 Oct 24, 12:00 AM
moderate risk
banking & psu
debt
8.05%p.a.
Last 1Y
5.84%p.a.
Last 3Y
6.63%p.a.
Last 5Y
7.85%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan scheme from Aditya Birla Sun Life AMC Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on May 2008, Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan is Banking & PSU fund of its category with 9,421.77 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
7.18% Govt Stock 2033
8.36%
HDFC Bank Limited
3.71%
Power Finance Corporation Ltd.
3.19%
Power Finance Corp Ltd. 7.6%
2.68%
Small Industries Development Bank Of India
2.59%
7.18% Govt Stock 2037
2.23%
National Housing Bank 7.78%
2.12%
REC Ltd. 7.71%
2.08%
National Bank For Agriculture And Rural Development
2.08%
Bajaj Finance Limited
2.02%
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
moderate risk | debt
5.7%
moderate risk | debt
5.8%
moderate risk | debt
6.1%