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
₹2950.98
-0.01%
NAV as on 03 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 03 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
7.90%p.a.
Last 1Y
5.49%p.a.
Last 3Y
5.98%p.a.
Last 5Y
7.45%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Banking and PSU Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Oct 2009, SBI Banking and PSU Fund Plan Growth is Banking & PSU fund of its category with 3,784.44 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.
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
6.79 Goi 2034
11.01%
7.34% Govt Stock 2064
9.73%
Nuclear Power Corporation Of India Limited
5.46%
Ongc Petro Additions Ltd.
4.66%
GAil (India) Limited
3.98%
Rural Electrification Corporation Limited
3.97%
National Bank For Agriculture And Rural Development
3.69%
Power Grid Corporation Of India Limited
3.49%
7.10%Goi 08/04/2034
3.24%
National Bank For Financing Infrastructure And Development
3.22%
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
low to moderate risk | debt
5.9%
low to moderate risk | debt
6.1%
low to moderate risk | debt
5.0%