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
₹38.67
0.00%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
low duration
debt
7.09%p.a.
Last 1Y
5.21%p.a.
Last 3Y
5.67%p.a.
Last 5Y
7.32%p.a.
Since Inception
About Canara Robeco Savings Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Canara Robeco Savings Fund Growth scheme from Canara Robeco Asset Management Co. Ltd.. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Mar 2005, Canara Robeco Savings Fund Growth is Low Duration fund of its category with 751.19 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Canara Robeco Savings Fund Growth delivered 7.1% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- Canara Robeco Savings 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/capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
Power Finance Corporation Limited
6.00%
Gscg 15sep2026
4.61%
Rural Electrification Corporation Limited
4.22%
Small Industries Development Bank Of India
4.18%
Bajaj Finance Limited
3.00%
Bajaj Housing Finance Limited
3.00%
Kotak Mahindra Prime Limited
3.00%
Hdb Financial Services Limited
2.99%
Power Finance Corporation Limited
2.99%
National Housing Bank
2.99%
Fund Managers
- Avnish Jain (Apr 2022 - Present)
- Kunal Jain (Jul 2022 - Present)
Key Information
View Scheme Document
Canara Robeco Savings Fund 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 Canara Robeco Savings 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 Savings 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 Savings 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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