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
₹19.39
-0.71%
NAV as on 04 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 04 Nov 24, 12:00 AM
very high risk
sector financial services
equity
11.66%p.a.
Last 1Y
9.72%p.a.
Last 3Y
10.76%p.a.
Last 5Y
7.22%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the LIC MF Banking & Financial Services Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Mar 2015, LIC MF Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 291.33 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.
HDFC Bank Ltd
23.72%
ICICI Bank Ltd
11.35%
Axis Bank Ltd
7.47%
State Bank of India
5.46%
Power Finance Corp Ltd
3.37%
Mahindra & Mahindra Financial Services Ltd
3.31%
Kotak Mahindra Bank Ltd
3.16%
IndusInd Bank Ltd
3.10%
CreditAccess Grameen Ltd Ordinary Shares
3.06%
Piramal Enterprises Ltd
2.68%
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
11.1%
very high risk | equity
13.2%
very high risk | equity
15.2%