NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Aditya Birla Sun Life Floating Rate Fund Retail Growth for NRI [478.60]

Min Investment

1,000

Fund Size

12,685.91 Cr

Expense Ratio

0.4%

Exit Load

0%

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

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 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.

  • 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

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%

Fund Managers

  1. Kaustubh Gupta (Jun 2014 - Present)
  2. Harshil Suvarnkar (Mar 2021 - Present)
  3. Dhaval Joshi (Nov 2022 - Present)

Key Information

View Scheme Document

Aditya Birla Sun Life Floating Rate Fund Retail Growth SIP Calculator

If invested

5,000

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

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions