NRI from all over the world (including 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
₹101.63
-0.08%
NAV as on 16 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
NAV as on 16 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
16.24%p.a.
Last 1Y
11.85%p.a.
Last 3Y
13.06%p.a.
Last 5Y
0.00%p.a.
Since Inception
About Aditya Birla Sun Life Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Balanced Advantage Fund Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Apr 2000, Aditya Birla Sun Life Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 7,426.98 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- Aditya Birla Sun Life Balanced Advantage Fund Growth delivered 16.2% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- Aditya Birla Sun Life Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities.
Top 10 Holdings
Reliance Industries Ltd
4.69%
HDFC Bank Ltd
4.63%
Infosys Ltd
4.05%
ICICI Bank Ltd
3.21%
Nifty_(26/12/2024)
2.98%
Reliance_(26/12/2024)
2.57%
7.18% Govt Stock 2037
2.49%
ITC Ltd
2.07%
Future on HDFC Bank Ltd
2.06%
Larsen & Toubro Ltd
2.04%
Fund Managers
- Harish Krishnan (Oct 2024 - Present)
- Lovelish Solanki (Oct 2019 - Present)
- Mohit Sharma (Apr 2017 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Balanced Advantage Fund Growth
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 |
How can NRIs invest in Aditya Birla Sun Life Balanced Advantage Fund 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 Aditya Birla Sun Life Balanced Advantage Fund 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
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Frequently Asked Questions
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