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
₹478.60
0.06%
NAV as on 11 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 11 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
8.03%p.a.
Last 1Y
6.53%p.a.
Last 3Y
6.45%p.a.
Last 5Y
7.58%p.a.
Since Inception
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 12,685.91 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.
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.
Govt Stock 22092033
8.52%
LIC Housing Finance Ltd
3.27%
National Bank For Agriculture And Rural Development
3.22%
Hdb Financial Services Limited
2.36%
Bajaj Housing Finance Limited
2.03%
Rural Electrification Corporation Limited
1.98%
ICICI Home Finance Limited
1.97%
Rural Electrification Corporation Limited
1.77%
HDB Financial Services Ltd. 8.04%
1.58%
State Bank Of India
1.47%
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
low to moderate risk | debt
6.5%
low to moderate risk | debt
6.1%
low to moderate risk | debt
5.6%