Tata Mutual Fund is an offering of Tata Asset Management Limited, which is a part of the Tata Group, one of the largest and reputed industrial groups in India. Tata Asset Management Limited was registered with the Securities and Exchange Board of India (SEBI) in June 1995 and offers mutual funds across equity, debt, hybrid, and other areas. Tata Mutual Fund also offers Portfolio Management Services (PMS) and advisory services for Indian and Non-Residential Indians (NRIs). In this article, we take a comprehensive overview of the schemes, NAV, performance and more of Tata Mutual Funds for NRIs.
Overview of Tata Mutual Fund for NRIs
Tata Asset Management Limited has an AUM of INR 147,169 crores approx. and offers more than 200 mutual fund schemes. These schemes are divided across debt, equity, hybrid, and other categories. The fund house allows both residents and NRIs to invest in the schemes pertaining to the rules and regulations.
Can NRIs invest in Tata Mutual Funds?
Yes, NRIs can easily invest in Tata mutual funds after getting their Mutual Fund KYC done and linked to their NRO/NRE Bank accounts. They can invest in various mutual fund schemes and generate good returns in the long term. This helps NRIs to build a fund that can match their investment goals and secure their future for any long-term financial needs.
The FEMA Act, RBI rules, and SEBI guidelines govern the rules and regulations regarding NRI investments in mutual funds which is why it has a slightly different procedure than that of resident individuals. Keeping in check with the FEMA Act, the funds on offer for NRIs from the US & Canada to NRIs from other countries may vary at times.
How can NRIs invest in Tata Asset Management Private Limited?
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 – Water/electricity bills, postpaid mobile/internet bills, rent agreements, driving licenses, etc.
- Passport – front and back
- Passport size photograph
- Signature
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing in Tata Asset Management Private Limited
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the last 3 months
- Nominee details
Top 5 Performing Tata Equity Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Tata Infrastructure Fund Growth | 2,451 Cr | 2.04% | 177.79 | 37.28% | 23.4% |
| Tata Small Cap Fund Growth | 9,463 Cr | 1.7% | 41.31 | 38.48% | 22.62% |
| Tata Business Cycle Fund Growth | 2,885 Cr | 1.91% | 18.52 | 29.68% | 19.41% |
| Tata India Pharma Healthcare Fund Growth | 1,208 Cr | 2.14% | 29.44 | 41.55% | 19.27% |
| Tata Equity PE Fund Growth | 8,681 Cr | 1.78% | 344.63 | 35.72% | 18.91% |
Top 5 Performing Tata Debt Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Tata Money Market Fund Growth | 26,782 Cr | 0.41% | 4,500 | 7.74% | 6.49% |
| Tata Liquid Fund Growth | 23,832 Cr | 0.32% | 3940 | 7.35% | 6.2% |
| Tata Floating Rate Fund Growth | 145 Cr | 0.73% | 12.00 | 7.62% | 6.19% |
| Tata Treasury Advantage Fund Growth | 2,587 Cr | 0.58% | 3750 | 7.46% | 5.98% |
| Tata Ultra Short Term Fund Growth | 3,362 Cr | 1.15% | 13.57 | 6.97% | 5.71% |
Top 5 Performing Tata Hybrid Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Tata Multi Asset Opportunities Fund Growth | 1,766 Cr | 2.0% | 49.03 | 14.36% | 15.08% |
| Tata Hybrid Equity Fund Growth | 3,387 Cr | 2.0% | 472.69 | 11.05% | 18.46% |
| Tata Equity Savings Growth | 132 Cr | 1.1% | 77.92 | 9.34% | 9.63% |
| Tata Retirement Savings Conservative Fund Growth | 166 Cr | 2.2% | 26.93 | 8.22% | 6.92% |
| Tata Arbitrage Fund Growth | 7150 Cr | 1.1% | 12.73 | 6.90% | 4.77% |
Top Performing Tata Tax Savings Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Tata India Tax Savings Fund Growth | 3,556 Cr | 1.9% | 33.03 | 15.95% | 22.57% |
Customer Care Details
For any query regarding any schemes offered by Tata Mutual Fund, you can contact the following address:
- Registered Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021. Branch Timing (9 am – 6 pm)
- Phone no: 1800-209-0101
- Email: [email protected]
How to Invest in Tata Mutual Funds as NRI?
NRIs can now download the SBNRI App and choose to invest in different mutual fund schemes from Tata Asset Management in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
FAQs
Can NRIs invest in Tata Asset Management Private Limited Mutual Funds?
- Yes, NRIs can invest in Tata Asset Management Private Limited Mutual Funds on a full repatriation and non-repatriation basis as long as they adhere to the Foreign Exchange Management Act (FEMA) guidelines. NRIs need to complete the KYC to invest in mutual funds in India.
How can NRI buy Mutual Funds from Tata Asset Management Private Limited?
- Step 1: Set up an NRI Account: As per FEMA guidelines, after attaining the NRI status, you can’t park your money in a regular resident savings account in India and need to open an NRE or NRO account. Once the account is activated, you can start investing.
- Step 2: Get Your KYC Done: You need to complete the KYC process before starting investment in mutual funds in India.
Are Tata Mutual Fund’s schemes safe to invest in?
- Mutual funds are subject to market conditions and all market-linked investments come with a degree of risk. However, you can choose from low-risk to high-risk mutual funds to invest in as per your risk appetite and investing goals.
Which Tata Mutual Fund scheme is best for the short term?
- Generally, a short-term investment is ideal for up to 3 years. If you are planning short-term investment, consider Tata Mutual fund debt funds for NRIs. If your investment is up to three months, Tata Mutual Fund liquid funds for NRIs are ideal for you.
What is the taxation on Tata Debt Mutual Funds?
- The debt mutual fund tax has been changed with effect from April 1, 2023, after the Budget 2023 brought certain amendments. Debt mutual funds will no longer be allowed to avail of indexation benefits from FY 23-24. Any gains made on debt mutual funds investment will now attract taxation on applicable slab rates of the investor’s income bracket.
What are Debt funds vs. Equity Funds?
- Debt funds are mutual funds that invest money into fixed-income securities, corporate bonds, treasury bills, commercial papers, and more. On the other hand equity funds invest the money into stocks/shares of the company.
Are Tata debt funds safer than Tata equity funds?
- Debt funds invest in fixed-income securities, corporate bonds, treasury bills, commercial papers, and more while equity funds invest in stocks/shares of the company. This makes debt funds a relatively safer option as an investment than equity funds.
Are Tata equity mutual funds safer for NRIs?
- Equity mutual funds have high volatility and can be risky for investors. However, overseeing the returns generated by equity mutual funds for the past 15 years, these funds can be a great investment vehicle and offer great wealth-generation opportunities for NRIs.
Is Tata equity mutual funds safer than FD?
- Fixed deposits have a risk-free fixed income and are safer than equity mutual funds. However, as per the returns and growth opportunity, equity mutual funds look to be a better investment option for investors, residents, and NRIs alike.
What is the Tata liquid fund taxation for NRI?
- NRIs are liable to pay taxes on the capital gain earned from Liquid funds. The short-term capital gains for sell of liquid funds for a period under 3 years of holding are taxed at investor’s slab rates. After the Budget 2023 amendments, long-term capital gains won’t enjoy any indexation benefit and will be charged as per the investor’s slab rates removing the LTCG benefits altogether.
Can I invest from the USA in Tata Mutual Fund?
- Yes an NRI can invest from the USA in India in various mutual fund schemes offered by Tata Asset Management provided it complies with the FEMA Act, RBI guidelines, and SEBI guidelines.
Can NRI invest in SIP in Tata Mutual Fund in India?
- Yes, an NRI can invest in India through the SIP route in Tata Mutual Fund Schemes. SIP stands for Systematic Investment Plan.
