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
₹2054.04
0.00%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
banking & psu
debt
6.44%p.a.
Last 1Y
4.23%p.a.
Last 3Y
5.81%p.a.
Last 5Y
6.60%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Invesco India Banking & PSU Fund Growth scheme from Invesco Asset Management (India) Private Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Dec 2012, Invesco India Banking & PSU Fund Growth is Banking & PSU fund of its category with 122.78 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
To generate returns by investing primarily in debt & Money Market Instruments issued by banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.
Indian Railway Finance Corporation Limited
8.40%
HDFC Bank Limited
8.18%
7.18% Govt Stock 2033
8.18%
National Bank For Agriculture And Rural Development
8.16%
Small Industries Development Bank Of India
8.15%
ICICI Bank Limited
7.81%
Bank Of Baroda
4.17%
Power Finance Corporation Limited
4.13%
Power Grid Corporation Of India Limited
4.13%
7.26% Govt Stock 2033
4.11%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
low to moderate risk | debt
5.4%
low to moderate risk | debt
4.2%
low to moderate risk | debt
4.7%