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
₹32.23
-0.05%
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
conservative allocation
debt
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
conservative allocation
debt
13.36%p.a.
Last 1Y
14.50%p.a.
Last 3Y
8.99%p.a.
Last 5Y
8.06%p.a.
Since Inception
About Bank of India Conservative Hybrid Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Conservative Hybrid Fund Growth scheme from Bank of India Investment Managers Private Limited. It is a Conservative Allocation mutual fund scheme that predominantly invests in Conservative Allocation stocks of companies. Launched on Mar 2009, Bank of India Conservative Hybrid Fund Growth is Conservative Allocation fund of its category with 70.77 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Conservative Allocation funds.
- Bank of India Conservative Hybrid Fund Growth delivered 13.4% annual returns during the last year. It has delivered 8.1% average annual returns since the fund was launched.
- Bank of India Conservative Hybrid 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 Scheme seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.
Top 10 Holdings
7.26% Govt Stock 2033
15.62%
7.18% Govt Stock 2033
8.00%
Indian Railway Finance Corporation Limited
7.08%
Rural Electrification Corporation Limited
5.68%
182 DTB 18042024
4.24%
India (Republic of)
4.02%
Power Finance Corporation Limited
2.82%
National Bank For Agriculture And Rural Development
2.81%
Reliance Jio Infocomm Limited
2.73%
Reliance Industries Ltd
2.24%
Fund Managers
- Alok Singh (May 2012 - Present)
Key Information
View Scheme Document
Bank of India Conservative Hybrid Fund Growth SIP Calculator
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
NRI Mutual Fund Tax on Bank of India Conservative Hybrid 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 Bank of India Conservative Hybrid 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 Bank of India Conservative Hybrid 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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