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

INVEST VIA NRE/NRO

SBI Banking and PSU Fund Plan Growth for NRI [2950.98]

Min Investment

5,000

Fund Size

3,784.44 Cr

Expense Ratio

0.8%

Exit Load

0%

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

About SBI Banking and PSU Fund Plan Growth for NRIs

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.

  • SBI Banking and PSU Fund Plan Growth delivered 7.9% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
  • SBI Banking and PSU Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

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.

Top 10 Holdings

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%

Fund Managers

  1. Rajeev Radhakrishnan (Nov 2013 - Present)
  2. Ardhendu Bhattacharya (Dec 2023 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Banking and PSU Fund 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 SBI Banking and PSU Fund 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 SBI Banking and PSU Fund 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 SBI Banking and PSU Fund 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