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
₹526.09
0.05%
NAV as on 16 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 16 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
8.02%p.a.
Last 1Y
6.05%p.a.
Last 3Y
6.62%p.a.
Last 5Y
7.60%p.a.
Since Inception
About Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Apr 2002, Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth is Banking & PSU fund of its category with 9,611.81 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth delivered 8.0% annual returns during the last year. It has delivered 7.6% average annual returns since the fund was launched.
- Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Top 10 Holdings
Power Finance Corporation Ltd.
3.13%
7.18% Govt Stock 2037
2.76%
Power Finance Corp Ltd. 7.6%
2.62%
Small Industries Development Bank Of India
2.55%
7.1% Govt Stock 2034
2.11%
National Bank For Agriculture And Rural Development
2.04%
REC Ltd. 7.71%
2.04%
Axis Bank Ltd.
2.01%
National Bank For Agriculture And Rural Development
1.92%
7.18% Govt Stock 2033
1.91%
Fund Managers
- Kaustubh Gupta (Sep 2009 - Present)
- Harshil Suvarnkar (Mar 2021 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Banking & PSU Debt Fund Retail 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 Banking & PSU Debt Fund Retail 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 Banking & PSU Debt Fund Retail 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
Similar Funds
Funds
3Y Return
Axis Banking & PSU Debt Fund Growth
moderate risk | debt
5.9%
Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan
moderate risk | debt
6.1%
ICICI Prudential Banking and PSU Debt Fund Growth
moderate risk | debt
6.3%
Frequently Asked Questions
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