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

INVEST VIA NRE/NRO

Kotak Banking and PSU Debt Growth for NRI [62.50]

Min Investment

₹100

Fund Size

₹5,707.61 Cr

Expense Ratio

0.8%

Exit Load

0%

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

₹62.50

-0.03%

NAV as on 18 Dec 24, 12:00 AM

low to moderate risk

banking & psu

debt

NAV as on 18 Dec 24, 12:00 AM

low to moderate risk

banking & psu

debt

8.06%p.a.

Last 1Y

6.07%p.a.

Last 3Y

6.52%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 5,707.61 Cr fund under management as on Dec 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 8.1% 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

9.06%

Power Finance Corp Ltd. 0.076%

5.83%

National Bank For Agriculture And Rural Development

4.61%

7.1% Govt Stock 2034

4.48%

7.93% Govt Stock 2033

4.13%

HDFC Bank Limited

3.73%

National Housing Bank

3.52%

Power Grid Corporation Of India Limited

3.21%

Rural Electrification Corporation Limited

2.74%

Rural Electrification Corporation Limited

2.70%

Fund Managers

  1. Deepak Agrawal (Aug 2008 - Present)
  2. Abhishek Bisen (Nov 2022 - Present)

Key Information

View Scheme Document

Kotak Banking and PSU Debt 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 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 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 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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6.1%

Frequently Asked Questions

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