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

INVEST VIA NRE/NRO

Bandhan Financial Services Fund Growth for NRI [13.75]

Min Investment

1,000

Fund Size

976.32 Cr

Expense Ratio

2.2%

Exit Load

0.5%

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

13.75

-0.27%

NAV as on 11 Nov 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 11 Nov 24, 12:00 AM

very high risk

sector financial services

equity

31.88%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

29.50%p.a.

Since Inception

About Bandhan Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Bandhan Financial Services Fund Growth scheme from Bandhan Asset Management Company Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Jul 2023, Bandhan Financial Services Fund Growth is Sector - Financial Services fund of its category with 976.32 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • Bandhan Financial Services Fund Growth delivered 31.9% annual returns during the last year. It has delivered 29.5% average annual returns since the fund was launched.
  • Bandhan Financial Services Fund 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 Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services.

Top 10 Holdings

ICICI Bank Ltd

14.23%

HDFC Bank Ltd

14.14%

Axis Bank Ltd

9.10%

Kotak Mahindra Bank Ltd

5.48%

Cholamandalam Investment and Finance Co Ltd

4.19%

Shriram Finance Ltd

3.30%

Jio Financial Services Ltd

3.30%

PB Fintech Ltd

2.26%

Aditya Birla Sun Life AMC Ltd

2.10%

Prudent Corporate Advisory Services Ltd

1.99%

Fund Managers

  1. Sumit Agrawal (Jul 2023 - Present)
  2. Harshal Joshi (Jul 2023 - Present)
  3. Ritika Behera (Oct 2023 - Present)
  4. Gaurav Satra (Jun 2024 - Present)
  5. Harshvardhan Agarwal (Jun 2024 - Present)

Key Information

View Scheme Document

Bandhan Financial Services 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 Bandhan Financial Services 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 Bandhan Financial Services 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 Bandhan Financial Services 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