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
₹10.89
-0.05%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 18 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
7.78%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
7.99%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Bajaj Finserv Banking and PSU Fund Growth scheme from Bajaj Finserv Asset Management Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Nov 2023, Bajaj Finserv Banking and PSU Fund Growth is Banking & PSU fund of its category with 121.89 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.
Indian Railway Finance Corporation Limited
10.34%
Housing And Urban Development Corporation Limited
10.32%
Rural Electrification Corporation Limited
10.31%
National Housing Bank
10.07%
National Bank For Agriculture And Rural Development
9.93%
Power Grid Corporation Of India Limited
5.35%
HDFC Bank Limited
5.10%
Power Finance Corporation Limited
5.03%
Food Corporation Of India
5.01%
Small Industries Development Bank Of India
5.00%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
5.9%
moderate risk | debt
6.1%
moderate risk | debt
6.1%