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
₹67.80
0.03%
NAV as on 17 Feb 26, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 17 Feb 26, 12:00 AM
low to moderate risk
banking & psu
debt
7.36%p.a.
Last 1Y
7.53%p.a.
Last 3Y
6.21%p.a.
Last 5Y
7.30%p.a.
Since Inception
About Kotak Banking and PSU Debt Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Kotak Banking and PSU Debt Fund -Growth scheme from Kotak Mahindra Asset Management Company Limited. 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 Fund -Growth is Banking & PSU fund of its category with 5,495.35 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Kotak Banking and PSU Debt Fund -Growth delivered 7.4% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- Kotak Banking and PSU Debt Fund -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
FOOD CORPORATION OF INDIA 8.8 LOA 22MR28 FVRS10LAC
1.39%
Repo
0.30%
Net Current Assets
3.14%
Union Bank of India SR-XX Additional Tier 1 Bo 9.50
1.77%
RURAL ELECTRIFICATION CORPORATION LIMITED SR 156 7.7 BD 10DC27 FVRS10LAC
0.46%
RURAL ELECTRIFICATION CORPORATION LIMITED SR I 8.01 BD 24MR28 FVRS10LAC
1.12%
CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100
1.63%
REC LIMITED SERIES 175 8.97 BD 28MR29 FVRS10LAC
0.09%
POWER FINANCE CORPORATION LTD. SERIES 184 B 9.10 BD 23MR29 FVRS10LAC
0.05%
FOOD CORPORATION OF INDIA SR VII A 7.60 LOA 09JN30 FVRS10LAC
0.92%
Fund Managers
- Deepak Agrawal (Apr 2008 - Present)
- Dharmesh Thakar (Jun 2025 - Present)
Key Information
View Scheme Document
Kotak Banking and PSU Debt Fund -Growth SIP Calculator
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NRI Mutual Fund Tax on Kotak Banking and PSU Debt Fund -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 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 Kotak Banking and PSU Debt 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
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Frequently Asked Questions
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