NRI from all over the world (excluding 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
₹113.46
0.00%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
5.59%p.a.
Last 1Y
4.83%p.a.
Last 3Y
6.96%p.a.
Last 5Y
8.93%p.a.
Since Inception
About Aditya Birla Sun Life Income Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Income Fund Plan Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Oct 1995, Aditya Birla Sun Life Income Fund Plan Growth is Medium to Long Duration fund of its category with 1,779.69 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- Aditya Birla Sun Life Income Fund Plan Growth delivered 5.6% annual returns during the last year. It has delivered 8.9% average annual returns since the fund was launched.
- Aditya Birla Sun Life Income Fund Plan 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 objective of the scheme is to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio.
Top 10 Holdings
7.18% Govt Stock 2033
31.61%
7.18% Govt Stock 2037
16.99%
7.3% Govt Stock 2053
8.09%
7.25% Govt Stock 2063
4.56%
LIC Housing Finance Ltd
3.40%
HDFC Bank Limited
2.84%
National Bank For Agriculture And Rural Development
2.82%
Small Industries Development Bank Of India
2.81%
Small Industries Development Bank Of India
2.80%
India (Republic of)
1.94%
Fund Managers
- Bhupesh Bameta (Aug 2020 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Income Fund Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Income Fund Plan 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 Income Fund Plan 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 Income Fund Plan 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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