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
₹11.00
0.34%
NAV as on 11 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 11 Nov 24, 12:00 AM
very high risk
sector financial services
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
11.30%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Groww Banking & Financial Services Fund Growth scheme from Groww Asset Management Ltd.. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Feb 2024, Groww Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 44.74 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc. (This includes companies benefiting from or contributing to the growth of the banking and financial services sector).
ICICI Bank Ltd
19.66%
HDFC Bank Ltd
17.27%
Axis Bank Ltd
7.79%
State Bank of India
6.39%
Bajaj Finance Ltd
4.54%
Multi Commodity Exchange of India Ltd
3.12%
ICICI Prudential Life Insurance Co Ltd
3.00%
Max Financial Services Ltd
2.65%
Angel One Ltd Ordinary Shares
2.61%
Five-Star Business Finance Ltd
2.49%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
10.8%
very high risk | equity
13.1%
very high risk | equity
15.1%