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
₹10.83
0.08%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
8.11%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
7.84%p.a.
Since Inception
About Bajaj Finserv Banking and PSU Fund Growth for NRIs
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 120.19 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Bajaj Finserv Banking and PSU Fund Growth delivered 8.1% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
- Bajaj Finserv Banking and PSU 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
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.
Top 10 Holdings
07.32 Goi 2030
17.12%
Indian Railway Finance Corporation Limited
8.75%
Rural Electrification Corporation Limited
8.71%
National Housing Bank
8.50%
National Bank For Agriculture And Rural Development
8.37%
Power Grid Corporation Of India Limited
4.53%
National Highways Authority Of India
4.36%
HDFC Bank Limited
4.28%
Power Finance Corporation Limited
4.24%
Small Industries Development Bank Of India
4.23%
Fund Managers
- Nimesh Chandan (Nov 2023 - Present)
- Siddharth Chaudhary (Nov 2023 - Present)
Key Information
View Scheme Document
Bajaj Finserv Banking and PSU Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Bajaj Finserv Banking and PSU 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 Bajaj Finserv Banking and PSU 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 Bajaj Finserv Banking and PSU 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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Frequently Asked Questions
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