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
₹62.12
-0.05%
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 23 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
8.01%p.a.
Last 1Y
5.94%p.a.
Last 3Y
6.47%p.a.
Last 5Y
0.00%p.a.
Since Inception
About Kotak Banking and PSU Debt Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Banking and PSU Debt Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Dec 1998, Kotak Banking and PSU Debt Growth is Banking & PSU fund of its category with 5,642.71 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Kotak Banking and PSU Debt Growth delivered 8.0% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- Kotak Banking and PSU Debt Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Govt. of India.There is no assurance that or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
7.18% Govt Stock 2033
9.10%
National Bank For Agriculture And Rural Development
6.18%
Power Finance Corp Ltd. 0.076%
5.90%
National Housing Bank
4.90%
7.93% Govt Stock 2033
4.29%
7.1% Govt Stock 2034
4.06%
HDFC Bank Limited
3.77%
Power Grid Corporation Of India Limited
3.25%
Rural Electrification Corporation Limited
2.77%
Rural Electrification Corporation Limited
2.73%
Fund Managers
- Deepak Agrawal (Aug 2008 - Present)
- Abhishek Bisen (Nov 2022 - Present)
Key Information
View Scheme Document
Kotak Banking and PSU Debt Growth SIP Calculator
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
NRI Mutual Fund Tax on Kotak Banking and PSU Debt 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 Kotak Banking and PSU Debt 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 Kotak Banking and PSU Debt 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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