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
₹20.88
0.04%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
6.66%p.a.
Last 1Y
5.17%p.a.
Last 3Y
6.79%p.a.
Last 5Y
7.60%p.a.
Since Inception
About HDFC Banking & PSU Debt Fund Plan Growth Option for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Banking & PSU Debt Fund Plan Growth Option scheme from HDFC Asset Management Co Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Mar 2014, HDFC Banking & PSU Debt Fund Plan Growth Option is Banking & PSU fund of its category with 6,247.11 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- HDFC Banking & PSU Debt Fund Plan Growth Option delivered 6.7% annual returns during the last year. It has delivered 7.6% average annual returns since the fund was launched.
- HDFC Banking & PSU Debt Fund Plan Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
7.18% Govt Stock 2033
4.64%
Indian Railway Finance Corp Ltd.
4.39%
HDFC Bank Limited
3.67%
Small Industries Development Bank Of India
3.59%
7.26% Govt Stock 2033
3.46%
Indian Railway Finance Corporation Limited
3.21%
7.1% Govt Stock 2029
3.11%
Power Finance Corporation Ltd.
2.40%
Rural Electrification Corporation Limited
2.39%
National Bank For Agriculture And Rural Development
2.39%
Fund Managers
- Anil Bamboli (Mar 2014 - Present)
- Dhruv Muchhal (Jun 2023 - Present)
Key Information
View Scheme Document
HDFC Banking & PSU Debt Fund Plan Growth Option SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
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NRI Mutual Fund Tax on HDFC Banking & PSU Debt Fund Plan Growth Option
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 & PSU Debt Fund Plan Growth Option?
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 & PSU Debt Fund Plan Growth Option
- 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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