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
₹54.23
0.78%
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity infrastructure
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity infrastructure
equity
34.60%p.a.
Last 1Y
23.50%p.a.
Last 3Y
29.26%p.a.
Last 5Y
12.52%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 519.36 Cr fund under management as on Nov 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 34.6% annual returns during the last year. It has delivered 12.5% 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
NTPC Ltd
6.08%
Larsen & Toubro Ltd
5.29%
Vedanta Ltd
4.27%
Reliance Industries Ltd
3.87%
Sterling and Wilson Renewable Energy Ltd
2.76%
Manorama Industries Ltd
2.61%
Indus Towers Ltd Ordinary Shares
2.46%
Senco Gold Ltd
2.36%
Hero MotoCorp Ltd
2.22%
Eris Lifesciences Ltd Registered Shs
2.16%
Fund Managers
- Nitin Gosar (Sep 2022 - Present)
Key Information
View Scheme Document
Bank of India Manufacturing & Infra 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 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
Similar Funds
Funds
3Y Return
ICICI Prudential Infrastructure Fund Growth
very high risk | equity
31.0%
DSP India T.I.G.E.R. Fund - Plan - Growth
very high risk | equity
29.2%
SBI Infrastructure Fund Growth
very high risk | equity
24.6%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved