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
₹50.38
0.02%
NAV as on 23 Nov 24, 12:00 AM
moderate risk
money market
debt
NAV as on 23 Nov 24, 12:00 AM
moderate risk
money market
debt
7.41%p.a.
Last 1Y
6.04%p.a.
Last 3Y
5.52%p.a.
Last 5Y
6.64%p.a.
Since Inception
About DSP Savings Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Savings Fund Plan Growth scheme from DSP Asset Managers Private Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Sep 1999, DSP Savings Fund Plan Growth is Money Market fund of its category with 4,111.96 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- DSP Savings Fund Plan Growth delivered 7.4% annual returns during the last year. It has delivered 6.6% average annual returns since the fund was launched.
- DSP Savings Fund Plan 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 investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments with maturity less than or equal to 1 year. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
364 DTB 06032025
4.77%
India (Republic of)
2.97%
364 DTB 13022025
2.04%
182 DTB 24042025
1.18%
HDFC Bank Ltd.
1.14%
08.32 MH Sdl 2025
1.01%
08.25 MP Sdl 2025sep
0.87%
364 DTB 15082025
0.58%
SBI Funds Management Pvt Ltd/Fund Parent
0.30%
364 DTB 13032025
0.11%
Fund Managers
- Karan Mundhra (May 2021 - Present)
- Shalini Vasanta (Aug 2024 - Present)
Key Information
View Scheme Document
DSP Savings Fund Plan 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 Savings Fund Plan 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 Savings Fund Plan 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 Savings Fund Plan 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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