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
₹42.99
0.45%
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
24.38%p.a.
Last 1Y
12.88%p.a.
Last 3Y
11.17%p.a.
Last 5Y
12.76%p.a.
Since Inception
About Baroda BNP Paribas Banking and Financial Services Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Baroda BNP Paribas Banking and Financial Services Fund Growth scheme from Baroda BNP Paribas Asset Management India Pvt. Ltd.. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Jun 2012, Baroda BNP Paribas Banking and Financial Services Fund Growth is Sector - Financial Services fund of its category with 192.11 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.
- Baroda BNP Paribas Banking and Financial Services Fund Growth delivered 24.4% annual returns during the last year. It has delivered 12.8% average annual returns since the fund was launched.
- Baroda BNP Paribas Banking and 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 investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.
Top 10 Holdings
ICICI Bank Ltd
19.17%
HDFC Bank Ltd
19.01%
State Bank of India
7.32%
Axis Bank Ltd
6.04%
Kotak Mahindra Bank Ltd
3.51%
Bajaj Finserv Ltd
3.42%
Bajaj Finance Ltd
2.68%
Bajaj Housing Finance Ltd
2.62%
Shriram Finance Ltd
2.61%
CRISIL Ltd
2.42%
Fund Managers
- Sandeep Jain (Mar 2022 - Present)
- Arjun Bagga (Oct 2024 - Present)
Key Information
View Scheme Document
Baroda BNP Paribas Banking and Financial Services Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Baroda BNP Paribas Banking and 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 Baroda BNP Paribas Banking and 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 Baroda BNP Paribas Banking and 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
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Frequently Asked Questions
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