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
₹93.74
1.50%
NAV as on 16 Feb 26, 12:00 AM
very high risk
sectoral banking
equity
NAV as on 16 Feb 26, 12:00 AM
very high risk
sectoral banking
equity
58.53%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
21.67%p.a.
Since Inception
About HDFC NIFTY PSU BANK ETF-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC NIFTY PSU BANK ETF-Growth scheme from HDFC Asset Management Company Limited. It is a Sectoral-Banking mutual fund scheme that predominantly invests in Sectoral-Banking stocks of companies. Launched on Jan 2024, HDFC NIFTY PSU BANK ETF-Growth is Sectoral-Banking fund of its category with 30.56 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Sectoral-Banking funds.
- HDFC NIFTY PSU BANK ETF-Growth delivered 58.5% annual returns during the last year. It has delivered 21.7% average annual returns since the fund was launched.
- HDFC NIFTY PSU BANK ETF-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Scheme seeks to generate returns that are commensurate (before fees and expenses) with the performance of the HDFC NIFTY PSU Bank Index (TRI), over long term, subject to tracking error.
Top 10 Holdings
Repo
0.59%
Net Payables
-0.56%
Bank Of Baroda
14.02%
Bank of India
5.03%
Bank of Maharashtra
3.36%
Canara Bank
12.55%
Central Bank of India
0.92%
Indian Bank
8.13%
Indian Overseas Bank
1.31%
Punjab & Sind Bank
0.31%
Fund Managers
- Arun Agarwal (Jan 2024 - Present)
- Abhishek Mor (Jan 2024 - Present)
Key Information
View Scheme Document
HDFC NIFTY PSU BANK ETF-Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on HDFC NIFTY PSU BANK ETF-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 NIFTY PSU BANK ETF-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 NIFTY PSU BANK ETF-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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