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
₹38.20
-0.47%
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
33.54%p.a.
Last 1Y
13.19%p.a.
Last 3Y
14.88%p.a.
Last 5Y
14.91%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Banking & Financial Services Growth scheme from SBI Funds Management Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Feb 2015, SBI Banking & Financial Services Growth is Sector - Financial Services fund of its category with 6,407.35 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 to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.
ICICI Bank Ltd
20.53%
HDFC Bank Ltd
16.26%
Kotak Mahindra Bank Ltd
9.55%
Muthoot Finance Ltd
4.78%
Cholamandalam Financial Holdings Ltd
3.05%
Nippon Life India Asset Management Ltd Ordinary Shares
2.88%
Power Finance Corp Ltd
2.81%
ICICI Prudential Life Insurance Co Ltd
2.80%
State Bank of India
2.75%
Karur Vysya Bank Ltd
2.72%
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
15.2%
very high risk | equity
11.8%