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

INVEST VIA NRE/NRO

LIC MF Arbitrage Plan Growth for NRI [13.25]

Min Investment

5,000

Fund Size

136.44 Cr

Expense Ratio

1.0%

Exit Load

0.25%

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

13.25

0.17%

NAV as on 04 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

NAV as on 04 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

6.99%p.a.

Last 1Y

5.78%p.a.

Last 3Y

4.83%p.a.

Last 5Y

4.97%p.a.

Since Inception

About LIC MF Arbitrage Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the LIC MF Arbitrage Plan Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Jan 2019, LIC MF Arbitrage Plan Growth is Arbitrage Fund fund of its category with 136.44 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.

  • LIC MF Arbitrage Plan Growth delivered 7.0% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
  • LIC MF Arbitrage Plan 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 investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.However, there is no assurance that the investment objective of the Schemes will be realized.

Top 10 Holdings

LIC MF Liquid Dir Gr

24.00%

Future on Bharat Electronics Ltd

4.79%

Bharat Electronics Ltd

4.76%

Future on Bharat Heavy Electricals Ltd

4.00%

Future on HDFC Asset Management Co Ltd

4.00%

Bharat Heavy Electricals Ltd

3.98%

HDFC Asset Management Co Ltd

3.97%

Future on Tata Power Co Ltd

3.84%

Future on GMR Airports Ltd

3.83%

Tata Power Co Ltd

3.82%

Fund Managers

  1. Sumit Bhatnagar (Oct 2023 - Present)
  2. Pratik Shroff (Sep 2023 - Present)

Key Information

View Scheme Document

LIC MF Arbitrage Plan 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 LIC MF Arbitrage Plan 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 LIC MF Arbitrage Plan 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 LIC MF Arbitrage Plan 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