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

INVEST VIA NRE/NRO

DSP Multi Asset Allocation Fund Growth for NRI [12.50]

Min Investment

₹100

Fund Size

₹2,273.39 Cr

Expense Ratio

1.7%

Exit Load

1%

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

₹12.50

0.08%

NAV as on 18 Nov 24, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 18 Nov 24, 12:00 AM

very high risk

multi asset allocation

equity

21.77%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

25.15%p.a.

Since Inception

About DSP Multi Asset Allocation Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Multi Asset Allocation Fund Growth scheme from DSP Asset Managers Private Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Sep 2023, DSP Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 2,273.39 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • DSP Multi Asset Allocation Fund Growth delivered 21.8% annual returns during the last year. It has delivered 25.1% average annual returns since the fund was launched.
  • DSP Multi 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 to generate long term capital appreciation by investing in multi asset classes including equity and equity related securities, debt and money market instruments, commodity ETFs, exchange traded commodity derivatives and overseas securities. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

DSP Gold ETF

12.93%

HDFC Bank Ltd

4.96%

ICICI Bank Ltd

4.75%

7.3% Govt Stock 2053

3.52%

DSP Silver ETF

3.23%

The Comm Svcs Sel Sect SPDR® ETF

2.98%

iShares Global Industrials ETF

2.75%

Bharti Telecom Limited

2.39%

Bajaj Finance Limited

2.34%

7.26% Maharashtra SDL 2050

2.25%

Fund Managers

  1. Aparna Karnik (Sep 2023 - Present)
  2. Ravi Gehani (Sep 2023 - Present)
  3. Shantanu Godambe (Aug 2024 - Present)

Key Information

View Scheme Document

DSP Multi Asset Allocation 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 Multi Asset Allocation 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 Multi 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 Multi 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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