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
₹505.44
0.02%
NAV as on 16 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 16 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
7.74%p.a.
Last 1Y
6.42%p.a.
Last 3Y
6.09%p.a.
Last 5Y
7.31%p.a.
Since Inception
About Aditya Birla Sun Life Savings Fund Fund Retail Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Savings Fund Fund Retail Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Nov 2001, Aditya Birla Sun Life Savings Fund Fund Retail Growth is Ultra Short Duration fund of its category with 15,097.98 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Aditya Birla Sun Life Savings Fund Fund Retail Growth delivered 7.7% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- Aditya Birla Sun Life Savings Fund 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 investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.
Top 10 Holdings
National Housing Bank 7.83%
5.44%
Shriram Finance Company Limited
3.98%
Nirma Limited
3.32%
National Housing Bank
2.65%
Tata Realty And Infrastructure Limited
2.39%
Rural Electrification Corporation Limited
2.16%
Bharti Telecom Limited
2.15%
7.3% Govt Stock 2028
2.10%
Bajaj Housing Finance Ltd. 8%
1.99%
Avanse Financial Services Ltd 9.40%
1.98%
Fund Managers
- Sunaina Cunha (Jun 2014 - Present)
- Kaustubh Gupta (Jul 2011 - Present)
- Monika Gandhi (Mar 2021 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Savings Fund Fund Retail Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life Savings Fund Fund Retail 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 Savings Fund 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 Savings Fund 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
Similar Funds
Funds
3Y Return
Aditya Birla Sun Life Savings Fund Growth
moderate risk | debt
6.4%
ICICI Prudential Ultra Short Term Fund Growth
moderate risk | debt
6.2%
SBI Magnum Ultra Short Duration Fund Plan Growth
moderate risk | debt
6.1%
Frequently Asked Questions
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