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
₹22.91
-0.05%
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
8.70%p.a.
Last 1Y
5.97%p.a.
Last 3Y
6.33%p.a.
Last 5Y
7.72%p.a.
Since Inception
About DSP Banking & PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Banking & PSU Debt Fund Growth scheme from DSP Asset Managers Private Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Sep 2013, DSP Banking & PSU Debt Fund Growth is Banking & PSU fund of its category with 3,103.26 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- DSP Banking & PSU Debt Fund Growth delivered 8.7% annual returns during the last year. It has delivered 7.7% average annual returns since the fund was launched.
- DSP Banking & 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
The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Top 10 Holdings
7.3% Govt Stock 2053
12.85%
7.34% Govt Stock 2064
4.20%
Small Industries Development Bank Of India
4.08%
GAil (India) Limited
3.45%
Rural Electrification Corporation Limited
3.40%
National Bank for Agriculture and Rural Development
3.38%
Indian Railway Finance Corporation Limited
3.37%
National Bank For Financing Infrastructure And Development
3.36%
State Bank Of India
3.32%
National Bank For Agriculture And Rural Development
2.58%
Fund Managers
- Sandeep Yadav (Aug 2024 - Present)
- Shantanu Godambe (Jun 2023 - Present)
Key Information
View Scheme Document
DSP Banking & PSU Debt Fund 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 DSP Banking & 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 DSP Banking & 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 DSP Banking & 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
Similar Funds
Funds
3Y Return
Kotak Banking and PSU Debt Growth
low to moderate risk | debt
5.9%
SBI Banking and PSU Fund Plan Growth
low to moderate risk | debt
5.5%
Tata Banking & PSU Debt Fund Growth
low to moderate risk | debt
5.0%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved