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
₹12.56
0.06%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
9.27%p.a.
Last 1Y
6.34%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.35%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 727.46 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- DSP Floater Fund Growth delivered 9.3% annual returns during the last year. It has delivered 6.3% 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
25.68%
National Bank For Financing Infrastructure And Development
7.15%
07.10 MH Sdl 2036
6.98%
182 Day T-Bill 19.12.24
6.82%
Bharti Telecom Limited
5.24%
Uttar Pradesh (Government of) 7.48%
3.58%
Cholamandalam Investment And Fin. Co. Ltd
3.57%
Muthoot Finance Limited
3.50%
Rural Electrification Corporation Limited
3.49%
7.12% State Government Of Maharashtra 2038
3.46%
Fund Managers
- Karan Mundhra (Aug 2024 - Present)
- Shantanu Godambe (Jun 2023 - Present)
Key Information
View Scheme Document
DSP Floater 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 Floater 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 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
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Frequently Asked Questions
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