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
₹11.89
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
6.53%p.a.
Last 1Y
5.18%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.14%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the ITI Banking & PSU Fund Gr scheme from ITI Asset Management Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Oct 2020, ITI Banking & PSU Fund Gr is Banking & PSU fund of its category with 29.83 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.
The investment objective of the Scheme is to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
7.25% Govt Stock 2063
11.68%
Power Finance Corporation Ltd.
11.66%
HDFC Bank Limited
9.90%
Power Grid Corporation Of India Limited
8.48%
National Bank for Agriculture and Rural Development 7.62%
8.39%
Rural Electrification Corporation Limited
8.34%
7.46% Govt Stock 2073
3.44%
7.3% Govt Stock 2053
3.37%
India (Republic of) 7.23%
3.36%
India (Republic of) 7.1%
3.34%
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
moderate risk | debt
5.0%
moderate risk | debt
5.2%
moderate risk | debt
5.2%