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
₹479.40
0.02%
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
8.02%p.a.
Last 1Y
6.57%p.a.
Last 3Y
6.45%p.a.
Last 5Y
7.58%p.a.
Since Inception
About Aditya Birla Sun Life Floating Rate Fund Retail Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Floating Rate Fund Retail Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Jun 2003, Aditya Birla Sun Life Floating Rate Fund Retail Growth is Floating Rate fund of its category with 13,141.87 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Aditya Birla Sun Life Floating Rate 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 Floating Rate 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
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.
Top 10 Holdings
7.93% Govt Stock 2033
8.22%
LIC Housing Finance Ltd
3.16%
National Bank For Agriculture And Rural Development
3.11%
Hdb Financial Services Limited
2.28%
Bajaj Housing Finance Limited
1.96%
ICICI Home Finance Limited
1.90%
Rural Electrification Corporation Limited
1.90%
Rural Electrification Corporation Limited
1.71%
Axis Bank Ltd.
1.64%
HDB Financial Services Ltd. 8.04%
1.52%
Fund Managers
- Kaustubh Gupta (Jun 2014 - Present)
- Harshil Suvarnkar (Mar 2021 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Floating Rate Fund Retail Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Floating Rate 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 Floating Rate 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 Floating Rate 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
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Frequently Asked Questions
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