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

INVEST VIA NRE/NRO

Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan for NRI [345.57]

Min Investment

1,000

Fund Size

9,421.77 Cr

Expense Ratio

0.7%

Exit Load

0%

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

About Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan for NRIs

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.

  • Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan delivered 8.1% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
  • Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

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.

Top 10 Holdings

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%

Fund Managers

  1. Kaustubh Gupta (Sep 2009 - Present)
  2. Harshil Suvarnkar (Mar 2021 - Present)

Key Information

View Scheme Document

Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan 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 Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan

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 Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan?

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 Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan
  • 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