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

INVEST VIA NRE/NRO

HDFC Banking & Financial Services Fund Growth for NRI [15.82]

Min Investment

100

Fund Size

3,687.22 Cr

Expense Ratio

1.9%

Exit Load

1%

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

15.82

-0.14%

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

11.72%p.a.

Last 1Y

16.31%p.a.

Last 3Y

0.00%p.a.

Last 5Y

14.32%p.a.

Since Inception

About HDFC Banking & Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HDFC Banking & Financial Services Fund Growth scheme from HDFC Asset Management Co Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Jul 2021, HDFC Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 3,687.22 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • HDFC Banking & Financial Services Fund Growth delivered 11.7% annual returns during the last year. It has delivered 14.3% average annual returns since the fund was launched.
  • HDFC Banking & Financial Services 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

To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

HDFC Bank Ltd

21.75%

ICICI Bank Ltd

18.00%

Axis Bank Ltd

6.89%

State Bank of India

6.37%

Five-Star Business Finance Ltd

2.88%

Power Finance Corp Ltd

2.82%

Kotak Mahindra Bank Ltd

2.37%

Karur Vysya Bank Ltd

2.36%

SBI Life Insurance Co Ltd

2.34%

Can Fin Homes Ltd

2.23%

Fund Managers

  1. Anand Laddha (Jul 2021 - Present)
  2. Dhruv Muchhal (Jun 2023 - Present)

Key Information

View Scheme Document

HDFC Banking & Financial Services 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 HDFC Banking & Financial Services 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 HDFC Banking & Financial Services 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 HDFC Banking & Financial Services 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

Frequently Asked Questions