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
₹140.92
-0.15%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
38.53%p.a.
Last 1Y
22.06%p.a.
Last 3Y
20.07%p.a.
Last 5Y
18.73%p.a.
Since Inception
About Bandhan ELSS Tax saver Fund - Plan - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bandhan ELSS Tax saver Fund - Plan - Growth scheme from Bandhan Asset Management Company Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2008, Bandhan ELSS Tax saver Fund - Plan - Growth is ELSS (Tax Savings) fund of its category with 6,252.84 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Bandhan ELSS Tax saver Fund - Plan - Growth delivered 38.5% annual returns during the last year. It has delivered 18.7% average annual returns since the fund was launched.
- Bandhan ELSS Tax saver Fund - Plan - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.
Top 10 Holdings
ICICI Bank Ltd
5.94%
HDFC Bank Ltd
5.44%
Reliance Industries Ltd
5.23%
Axis Bank Ltd
3.68%
Infosys Ltd
3.35%
State Bank of India
2.89%
Bharti Airtel Ltd
2.51%
Tata Motors Ltd
2.22%
NTPC Ltd
2.15%
Jindal Steel & Power Ltd
2.04%
Fund Managers
- Daylynn Pinto (Oct 2016 - Present)
- Ritika Behera (Oct 2023 - Present)
Key Information
View Scheme Document
Bandhan ELSS Tax saver Fund - Plan - 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 ELSS Tax saver Fund - Plan - 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 ELSS Tax saver Fund - Plan - 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 ELSS Tax saver Fund - Plan - 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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