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
₹55.36
-2.40%
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
NAV as on 18 Nov 24, 12:00 AM
very high risk
global other
fof
20.86%p.a.
Last 1Y
9.78%p.a.
Last 3Y
15.24%p.a.
Last 5Y
14.83%p.a.
Since Inception
About DSP US Flexible Equity Fund of Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP US Flexible Equity Fund of Fund Plan Growth scheme from DSP Asset Managers Private Limited. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Aug 2012, DSP US Flexible Equity Fund of Fund Plan Growth is Global - Other fund of its category with 852.79 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.
- DSP US Flexible Equity Fund of Fund Plan Growth delivered 20.9% annual returns during the last year. It has delivered 14.8% average annual returns since the fund was launched.
- DSP US Flexible Equity Fund of Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of Blackrock Global Funds US Flexible Equity Fund (BGF - USFEF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF. The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.
Top 1 Holdings
BGF US Flexible Equity I2
98.97%
Fund Managers
- Jay Kothari (Mar 2013 - Present)
Key Information
View Scheme Document
DSP US Flexible Equity Fund of Fund Plan Growth SIP Calculator
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NRI Mutual Fund Tax on DSP US Flexible Equity Fund of 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 US Flexible Equity Fund of 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 US Flexible Equity Fund of 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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