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
₹14.73
0.36%
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
27.87%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
13.00%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 3,178.36 Cr fund under management as on Apr 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 27.9% annual returns during the last year. It has delivered 13.0% 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
20.45%
ICICI Bank Ltd
17.73%
Axis Bank Ltd
7.08%
State Bank of India
6.63%
IndusInd Bank Ltd
3.76%
Power Finance Corp Ltd
3.44%
Bajaj Finance Ltd
3.28%
Five-Star Business Finance Ltd
3.21%
SBI Life Insurance Company Limited
2.95%
Equitas Small Finance Bank Ltd Ordinary Shares
2.67%
Fund Managers
- Anand Laddha (Jul 2021 - Present)
- Dhruv Muchhal (Jun 2023 - Present)
Key Information
View Scheme Document
HDFC Banking & Financial Services Fund Growth SIP Calculator
If invested
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For a period of
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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 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 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
Similar Funds
Funds
3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
15.8%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
22.4%
SBI Banking & Financial Services Growth
very high risk | equity
16.2%
Frequently Asked Questions
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