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
₹13.93
0.28%
NAV as on 29 Apr 24, 12:00 AM
high risk
fund of funds
equity
NAV as on 29 Apr 24, 12:00 AM
high risk
fund of funds
equity
35.32%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
21.27%p.a.
Since Inception
About Aditya Birla Sun Life Multi- Index Fund of Funds Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Multi- Index Fund of Funds Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Oct 2022, Aditya Birla Sun Life Multi- Index Fund of Funds Growth is Fund of Funds fund of its category with 12.25 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- Aditya Birla Sun Life Multi- Index Fund of Funds Growth delivered 35.3% annual returns during the last year. It has delivered 21.3% average annual returns since the fund was launched.
- Aditya Birla Sun Life Multi- Index Fund of Funds 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 primary objective of the Scheme is to generate capital appreciation by investing in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, Gold / Silver. The Scheme does not guarantee/indicate any returns. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Top 9 Holdings
Kotak Nifty 50 ETF
14.22%
Aditya BSL Nifty Next 50 Idx Dir Gr
13.31%
Aditya BSL Nifty 200 Momentum 30 ETF
11.81%
Aditya BSL CRISIL Liquid Ovrnght ETF
11.35%
Aditya BSL Nifty SmCp 50 Idx Dir Gr
10.45%
Aditya BSL Nifty MdCp 150 Idx Dir Gr
10.39%
CPSE ETF
10.14%
Nippon India ETF Gold BeES
9.55%
Nippon India ETF Nifty 1D Rate Liqd BeES
7.61%
Fund Managers
- Vinod Bhat (Mar 2023 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Multi- Index Fund of Funds Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Multi- Index Fund of Funds 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 Multi- Index Fund of Funds 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 Multi- Index Fund of Funds 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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