NRI from all over the world (excluding 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
₹12.06
-0.97%
NAV as on 05 Oct 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 05 Oct 24, 12:00 AM
very high risk
sector financial services
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
23.92%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the DSP Banking & Financial Services Fund Growth scheme from DSP Asset Managers Private Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Dec 2023, DSP Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 840.03 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
The primary investment objective of the scheme is to seek to generate returns through investment in domestic and overseas equity and equity related securities of companies engaged in banking and financial services sector. There is no assurance that the investment objective of the Scheme will be achieved.
HDFC Bank Ltd
15.56%
ICICI Bank Ltd
14.06%
Bajaj Finserv Ltd
9.98%
State Bank of India
7.95%
Power Finance Corp Ltd
6.48%
Bajaj Finance Ltd
4.49%
Shriram Finance Ltd
3.81%
Cholamandalam Investment and Finance Co Ltd
3.64%
Nippon Life India Asset Management Ltd Ordinary Shares
3.64%
KFin Technologies Ltd
3.07%
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
very high risk | equity
13.7%
very high risk | equity
18.1%
very high risk | equity
15.0%