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
₹11.75
0.01%
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
credit risk
debt
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
credit risk
debt
6.20%p.a.
Last 1Y
39.51%p.a.
Last 3Y
10.58%p.a.
Last 5Y
1.65%p.a.
Since Inception
About Bank of India Credit Risk Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Credit Risk Fund Growth scheme from Bank of India Investment Managers Private Limited. It is a Credit Risk mutual fund scheme that predominantly invests in Credit Risk stocks of companies. Launched on Feb 2015, Bank of India Credit Risk Fund Growth is Credit Risk fund of its category with 114.7 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Credit Risk funds.
- Bank of India Credit Risk Fund Growth delivered 6.2% annual returns during the last year. It has delivered 1.6% average annual returns since the fund was launched.
- Bank of India Credit Risk 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’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies.
Top 10 Holdings
Aditya Birla Real Estate Limited
10.40%
7.99% Rashtriya Chemicals And Fertilizers Limited
8.77%
JSW Steel Limited
8.75%
360 One Prime Limited
8.72%
Gic Housing Finance Limited
8.72%
Manappuram Finance Limited
8.72%
Godrej Industries Limited
8.67%
ICICI Bank Ltd.
4.16%
Corporate Debt Market Development Fund
0.38%
Amanta Healthcare Limited
0.00%
Fund Managers
- Alok Singh (Feb 2015 - Present)
Key Information
View Scheme Document
Bank of India Credit Risk 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 Credit Risk 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 Credit Risk 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 Credit Risk 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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