NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

DSP Floater Fund Growth for NRI [12.63]

Min Investment

100

Fund Size

718.95 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

12.63

0.08%

NAV as on 18 Dec 24, 12:00 AM

moderate risk

floating rate

debt

NAV as on 18 Dec 24, 12:00 AM

moderate risk

floating rate

debt

9.18%p.a.

Last 1Y

6.65%p.a.

Last 3Y

0.00%p.a.

Last 5Y

6.39%p.a.

Since Inception

About DSP Floater Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Floater Fund Growth scheme from DSP Asset Managers Private Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Mar 2021, DSP Floater Fund Growth is Floating Rate fund of its category with 718.95 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.

  • DSP Floater Fund Growth delivered 9.2% annual returns during the last year. It has delivered 6.4% average annual returns since the fund was launched.
  • DSP Floater 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 primary objective of the scheme is to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).

Top 10 Holdings

7.93% Govt Stock 2033

29.08%

National Bank For Financing Infrastructure And Development

7.29%

07.10 MH Sdl 2036

7.15%

182 Day T-Bill 19.12.24

6.95%

Cholamandalam Investment And Fin. Co. Ltd

3.64%

7.25% State Government Of Maharashtra 2045

3.61%

Rural Electrification Corporation Limited

3.58%

Muthoot Finance Limited

3.58%

7.14% Madhya Pradesh SDL 2043

3.55%

Bharti Telecom Limited

3.52%

Fund Managers

  1. Karan Mundhra (Aug 2024 - Present)
  2. Shantanu Godambe (Jun 2023 - Present)

Key Information

View Scheme Document

DSP Floater Fund Growth SIP Calculator

If invested

5,000

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 Floater Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in DSP Floater 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 Floater 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

Frequently Asked Questions