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
₹11.66
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
floating rate
debt
6.51%p.a.
Last 1Y
4.95%p.a.
Last 3Y
0.00%p.a.
Last 5Y
4.96%p.a.
Since Inception
About Bandhan Floating Rate Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bandhan Floating Rate Fund Growth scheme from Bandhan Asset Management Company Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Feb 2021, Bandhan Floating Rate Fund Growth is Floating Rate fund of its category with 213.67 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Bandhan Floating Rate Fund Growth delivered 6.5% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- Bandhan Floating Rate 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
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.
Top 10 Holdings
6.54% Govt Stock 2032
15.33%
Bharti Telecom Limited
9.40%
7.26% Govt Stock 2033
7.07%
Rural Electrification Corporation Limited
7.05%
National Bank For Agriculture And Rural Development
6.99%
Power Finance Corporation Ltd.
6.99%
Tata Projects Limited
4.69%
7.1% Govt Stock 2029
4.68%
Cholamandalam Investment And Fin. Co. Ltd
4.67%
TVS Credit Services Limited
4.66%
Fund Managers
- Brijesh Shah (Mar 2024 - Present)
- Sreejith Balasubramanian (Aug 2023 - Present)
- Debraj Lahiri (Mar 2024 - Present)
Key Information
View Scheme Document
Bandhan Floating Rate Fund Growth SIP Calculator
If invested
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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 Bandhan Floating Rate 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 Bandhan Floating Rate 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 Bandhan Floating Rate 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
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3Y Return
HDFC Floating Rate Debt - Plan - Growth
moderate risk | debt
6.0%
Nippon India Floating Rate Fund Growth
moderate risk | debt
5.5%
SBI Floating Rate Debt Fund Growth
moderate risk | debt
5.8%
Frequently Asked Questions
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