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
₹63.33
0.02%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
government bond
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
government bond
debt
8.47%p.a.
Last 1Y
4.86%p.a.
Last 3Y
5.42%p.a.
Last 5Y
7.80%p.a.
Since Inception
About HSBC Gilt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Gilt Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Mar 2000, HSBC Gilt Fund Growth is Government Bond fund of its category with 228.54 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- HSBC Gilt Fund Growth delivered 8.5% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
- HSBC Gilt Fund Growth 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 returns from a portfolio from investments in Government Securities. There is no assurance that the investment objective of the scheme will be realized.
Top 7 Holdings
7.09% Govt Stock 2054
23.90%
7.34% Govt Stock 2064
20.44%
7.3% Govt Stock 2053
16.51%
7.18% Govt Stock 2037
16.21%
6.79% Govt Stock 2034
9.75%
7.18% Govt Stock 2033
6.04%
7.1% Govt Stock 2034
5.96%
Fund Managers
- Shriram Ramanathan (Apr 2017 - Present)
- Mohd Asif Rizwi (May 2024 - Present)
Key Information
View Scheme Document
HSBC Gilt 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 Gilt 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 Gilt 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 Gilt 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 Gilt Fund Growth
moderate risk | debt
6.2%
HDFC Gilt Fund Growth
moderate risk | gilt
5.4%
Aditya Birla Sun Life Government Securities Fund Plan Growth Payout
moderate risk | debt
5.7%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved