NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

ITI Arbitrage Fund Growth for NRI [12.41]

Min Investment

5,000

Fund Size

35.06 Cr

Expense Ratio

0.9%

Exit Load

0.25%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

12.41

0.06%

NAV as on 07 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

NAV as on 07 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

7.34%p.a.

Last 1Y

5.12%p.a.

Last 3Y

4.19%p.a.

Last 5Y

4.21%p.a.

Since Inception

About ITI Arbitrage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the ITI Arbitrage Fund Growth scheme from ITI Asset Management Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Sep 2019, ITI Arbitrage Fund Growth is Arbitrage Fund fund of its category with 35.06 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.

  • ITI Arbitrage Fund Growth delivered 7.3% annual returns during the last year. It has delivered 4.2% average annual returns since the fund was launched.
  • ITI Arbitrage 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 is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized

Top 10 Holdings

ITI Liquid Dir Gr

21.30%

Future on State Bank of India

6.11%

State Bank of India

6.07%

Future on HDFC Bank Ltd

5.48%

HDFC Bank Ltd

5.43%

Future on Steel Authority Of India Ltd

5.19%

Steel Authority Of India Ltd

5.16%

Indus Towers Limited

4.98%

Indus Towers Ltd Ordinary Shares

4.95%

Vedanta Ltd

4.71%

Fund Managers

  1. Vikrant Mehta (Jan 2021 - Present)
  2. Vikas Nathani (Jan 2024 - Present)

Key Information

View Scheme Document

ITI Arbitrage Fund Growth SIP Calculator

If invested

5,000

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 ITI Arbitrage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in ITI Arbitrage 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 ITI Arbitrage 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

Frequently Asked Questions