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
₹11.58
0.02%
NAV as on 16 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 16 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
7.73%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.51%p.a.
Since Inception
About Canara Robeco Banking and PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Canara Robeco Banking and PSU Debt Fund Growth scheme from Canara Robeco Asset Management Co. Ltd.. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Aug 2022, Canara Robeco Banking and PSU Debt Fund Growth is Banking & PSU fund of its category with 237.51 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Canara Robeco Banking and PSU Debt Fund Growth delivered 7.7% annual returns during the last year. It has delivered 6.5% average annual returns since the fund was launched.
- Canara Robeco Banking and PSU Debt 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
To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised.
Top 10 Holdings
National Housing Bank
8.45%
Axis Bank Limited
8.42%
Rural Electrification Corporation Limited
8.41%
HDFC Bank Limited
6.52%
Indian Railway Finance Corporation Limited
6.47%
LIC Housing Finance Limited
6.41%
Small Industries Development Bank Of India
6.31%
Nhpc Limited
6.30%
National Bank For Agriculture And Rural Development
6.18%
7.04% Govt Stock 2029
4.26%
Fund Managers
- Suman Prasad (Sep 2024 - Present)
- Avnish Jain (Aug 2022 - Present)
Key Information
View Scheme Document
Canara Robeco Banking and PSU Debt Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Canara Robeco Banking and PSU Debt 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 Canara Robeco Banking and PSU Debt 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 Canara Robeco Banking and PSU Debt 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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