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
₹26.18
0.63%
NAV as on 23 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
NAV as on 23 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
18.76%p.a.
Last 1Y
9.65%p.a.
Last 3Y
10.33%p.a.
Last 5Y
9.47%p.a.
Since Inception
About DSP Dynamic Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Dynamic Asset Allocation Fund Growth scheme from DSP Asset Managers Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Feb 2014, DSP Dynamic Asset Allocation Fund Growth is Dynamic Asset Allocation fund of its category with 3,212.31 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- DSP Dynamic Asset Allocation Fund Growth delivered 18.8% annual returns during the last year. It has delivered 9.5% average annual returns since the fund was launched.
- DSP Dynamic Asset Allocation 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 of the Scheme is to seek capital appreciation by managing the asset allocation between equity and fixed income securities. The Scheme will dynamically manage the asset allocation between equity and fixed income based on the relative valuation of equity and debt markets. The Scheme intends to generate long-term capital appreciation by investing in equity and equity related instruments and seeks to generate income through investments in fixed income securities and by using arbitrage and other derivative strategies. However, there can be no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
6.96%
Future on HDFC Bank Ltd
4.61%
Future on Adani Enterprises Ltd
4.03%
Adani Enterprises Ltd
4.00%
State Bank of India
3.81%
7.32% Govt Stock 2030
3.46%
7.38% Govt Stock 2027
3.24%
Future on Tata Power Co Ltd
2.52%
Tata Power Co Ltd
2.50%
Future on Bandhan Bank Ltd
2.22%
Fund Managers
- Laukik Bagwe (Jul 2021 - Present)
- Rohit Singhania (Nov 2023 - Present)
- Dhaval Gada (Sep 2022 - Present)
- Kaivalya Nadkarni (Oct 2024 - Present)
Key Information
View Scheme Document
DSP Dynamic Asset Allocation Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on DSP Dynamic Asset Allocation 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 Dynamic Asset Allocation 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 Dynamic Asset Allocation 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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