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
₹14.20
0.72%
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
equity consumption
equity
34.14%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
37.61%p.a.
Since Inception
About HSBC Consumption Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Consumption Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Aug 2023, HSBC Consumption Fund Growth is Equity - Consumption fund of its category with 1,561.96 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- HSBC Consumption Fund Growth delivered 34.1% annual returns during the last year. It has delivered 37.6% average annual returns since the fund was launched.
- HSBC Consumption 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
The investment objective of the Fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefi t from consumption and consumption related activities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Bharti Airtel Ltd
5.52%
Varun Beverages Ltd
4.89%
Multi Commodity Exchange of India Ltd
4.50%
PB Fintech Ltd
3.66%
Dixon Technologies (India) Ltd
3.62%
Zomato Ltd
3.38%
Titan Co Ltd
3.27%
Kalyan Jewellers India Ltd
3.20%
Hindustan Unilever Ltd
3.09%
Radico Khaitan Ltd
2.95%
Fund Managers
- Gautam Bhupal (Sep 2023 - Present)
- Sonal Gupta (Sep 2023 - Present)
- Anish Goenka (Oct 2023 - Present)
Key Information
View Scheme Document
HSBC Consumption Fund Growth SIP Calculator
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
NRI Mutual Fund Tax on HSBC Consumption 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 HSBC Consumption 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 HSBC Consumption 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
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Frequently Asked Questions
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