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
₹1207.33
0.29%
NAV as on 29 Apr 24, 12:00 AM
very high risk
equity other
equity
NAV as on 29 Apr 24, 12:00 AM
very high risk
equity other
equity
35.19%p.a.
Last 1Y
10.06%p.a.
Last 3Y
9.48%p.a.
Last 5Y
15.35%p.a.
Since Inception
About Aditya Birla Sun Life MNC Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life MNC Fund Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Dec 1999, Aditya Birla Sun Life MNC Fund Growth is Equity - Other fund of its category with 3,491.79 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Aditya Birla Sun Life MNC Fund Growth delivered 35.2% annual returns during the last year. It has delivered 15.3% average annual returns since the fund was launched.
- Aditya Birla Sun Life MNC Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The objective of the scheme is to achieve long-term growth of capital at relatively moderate levels of risk by Investment Objective making investments in securities of multinational companies through a research based investment approach.
Top 10 Holdings
Maruti Suzuki India Ltd
5.68%
Cummins India Ltd
4.52%
Bayer CropScience Ltd
4.23%
Fortis Healthcare Ltd
4.13%
ICRA Ltd
4.09%
Schaeffler India Ltd
3.63%
Gillette India Ltd
3.63%
Procter & Gamble Hygiene and Health Care Ltd
3.51%
CRISIL Ltd
3.40%
Honeywell Automation India Ltd
3.36%
Fund Managers
- Chanchal Khandelwal (Dec 2021 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life MNC Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life MNC Fund 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 MNC Fund 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 MNC Fund 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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