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

INVEST VIA NRE/NRO

Aditya Birla Sun Life Savings Fund Growth for NRI [521.97]

Min Investment

1,000

Fund Size

13,741.09 Cr

Expense Ratio

0.6%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

521.97

0.06%

NAV as on 11 Nov 24, 12:00 AM

moderate risk

ultra short duration

debt

NAV as on 11 Nov 24, 12:00 AM

moderate risk

ultra short duration

debt

7.73%p.a.

Last 1Y

6.40%p.a.

Last 3Y

6.09%p.a.

Last 5Y

7.41%p.a.

Since Inception

About Aditya Birla Sun Life Savings Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Savings Fund 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 Apr 2003, Aditya Birla Sun Life Savings Fund Growth is Ultra Short Duration fund of its category with 13,741.09 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 Growth delivered 7.7% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
  • Aditya Birla Sun Life Savings Fund 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%

5.97%

Shriram Finance Company Limited

4.38%

Nirma Limited

3.65%

Rural Electrification Corporation Limited

2.92%

National Housing Bank

2.91%

Tata Realty And Infrastructure Limited

2.62%

Bharti Telecom Limited

2.36%

Govt Stock 04102028

2.31%

Bajaj Housing Finance Ltd. 8%

2.19%

Nirma Limited 8.3%

1.82%

Fund Managers

  1. Sunaina Cunha (Jun 2014 - Present)
  2. Kaustubh Gupta (Jul 2011 - Present)
  3. Monika Gandhi (Mar 2021 - Present)
  4. Dhaval Joshi (Nov 2022 - Present)

Key Information

View Scheme Document

Aditya Birla Sun Life Savings Fund 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 Savings Fund 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 Savings 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 Savings 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

Frequently Asked Questions