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
₹51.36
0.08%
NAV as on 01 May 24, 12:00 AM
very high risk
equity infrastructure
equity
NAV as on 01 May 24, 12:00 AM
very high risk
equity infrastructure
equity
62.79%p.a.
Last 1Y
31.51%p.a.
Last 3Y
27.36%p.a.
Last 5Y
11.77%p.a.
Since Inception
About Bank of India Manufacturing & Infra Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Manufacturing & Infra Growth scheme from Bank of India Investment Managers Private Limited. It is a Equity - Infrastructure mutual fund scheme that predominantly invests in Equity - Infrastructure stocks of companies. Launched on Mar 2010, Bank of India Manufacturing & Infra Growth is Equity - Infrastructure fund of its category with 255.83 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Infrastructure funds.
- Bank of India Manufacturing & Infra Growth delivered 62.8% annual returns during the last year. It has delivered 11.8% average annual returns since the fund was launched.
- Bank of India Manufacturing & Infra 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 through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors. Further, there can be no assurance that the investment objectives of the scheme will be realized. The Scheme is not providing any assured or guaranteed returns.
Top 10 Holdings
Reliance Industries Ltd
8.03%
Larsen & Toubro Ltd
7.39%
NTPC Ltd
4.86%
Hero MotoCorp Ltd
4.08%
Indus Towers Ltd Ordinary Shares
3.14%
Sun Pharmaceuticals Industries Ltd
3.02%
Maruti Suzuki India Ltd
2.37%
Oil India Ltd
2.33%
ITD Cementation India Ltd
2.32%
Ashok Leyland Ltd
2.15%
Fund Managers
- Nitin Gosar (Sep 2022 - Present)
Key Information
View Scheme Document
Bank of India Manufacturing & Infra Growth SIP Calculator
If invested
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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 Manufacturing & Infra 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 Manufacturing & Infra 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 Manufacturing & Infra 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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