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
₹13.51
0.53%
NAV as on 19 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
sector financial services
equity
27.65%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 950.78 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 27.6% 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
14.84%
HDFC Bank Ltd
14.55%
Axis Bank Ltd
8.90%
Kotak Mahindra Bank Ltd
5.25%
Cholamandalam Investment and Finance Co Ltd
3.41%
Jio Financial Services Ltd
3.11%
Shriram Finance Ltd
2.97%
PB Fintech Ltd
2.44%
Prudent Corporate Advisory Services Ltd
2.44%
Aditya Birla Sun Life AMC Ltd
2.38%
Fund Managers
- Sumit Agrawal (Jul 2023 - Present)
- Harshal Joshi (Jul 2023 - Present)
- Ritika Behera (Oct 2023 - Present)
- Gaurav Satra (Jun 2024 - Present)
- Harshvardhan Agarwal (Jun 2024 - Present)
Key Information
View Scheme Document
Bandhan Financial Services Fund Growth SIP Calculator
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For a period of
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₹0 (+0.0%)
This Fund
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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 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 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
Similar Funds
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3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
11.5%
SBI Banking & Financial Services Growth
very high risk | equity
13.8%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
15.5%
Frequently Asked Questions
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