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
₹17.13
-0.05%
NAV as on 29 Jul 23, 12:00 AM
very high risk
aggressive allocation
equity
NAV as on 29 Jul 23, 12:00 AM
very high risk
aggressive allocation
equity
12.06%p.a.
Last 1Y
14.43%p.a.
Last 3Y
7.09%p.a.
Last 5Y
8.17%p.a.
Since Inception
About IDBI Hybrid Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the IDBI Hybrid Equity Fund Growth scheme from IDBI Asset Management Limited. It is a Aggressive Allocation mutual fund scheme that predominantly invests in Aggressive Allocation stocks of companies. Launched on Oct 2016, IDBI Hybrid Equity Fund Growth is Aggressive Allocation fund of its category with 179.04 Cr fund under management as on Jul 2023. The expense ratio of this fund is less than that of most other Fund category Aggressive Allocation funds.
- IDBI Hybrid Equity Fund Growth delivered 12.1% annual returns during the last year. It has delivered 8.2% average annual returns since the fund was launched.
- IDBI Hybrid Equity 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 scheme would be to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
6.13%
ICICI Bank Ltd
5.92%
Reliance Industries Ltd
4.27%
Axis Bank Ltd
3.92%
Larsen & Toubro Ltd
3.86%
Infosys Ltd
3.36%
Timken India Ltd Shs Dematerialised
3.19%
Housing Development Finance Corp Ltd
3.15%
Sundaram Fasteners Ltd
2.88%
State Bank of India
2.72%
Fund Managers
- Raju Sharma (May 2017 - Present)
- Alok Ranjan (Aug 2021 - Present)
Key Information
View Scheme Document
IDBI Hybrid Equity 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 IDBI Hybrid Equity 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 IDBI Hybrid Equity 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 IDBI Hybrid Equity 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
SBI Equity Hybrid Fund Growth
very high risk | hybrid (nc)
14.1%
ICICI Prudential Equity & Debt Fund Growth
very high risk | equity
25.9%
HDFC Hybrid Equity Fund Growth
very high risk | hybrid (nc)
16.4%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved