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
₹14.37
-0.88%
NAV as on 10 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 10 Nov 24, 12:00 AM
very high risk
sector financial services
equity
25.81%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
24.45%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Kotak Banking & Financial Services Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Feb 2023, Kotak Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 997.35 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. However, there can be no assurance that the investment objective of the scheme would be achieved.
HDFC Bank Ltd
18.59%
ICICI Bank Ltd
16.06%
Axis Bank Ltd
6.63%
State Bank of India
6.56%
Kotak Mahindra Bank Ltd
4.71%
Shriram Finance Ltd
4.32%
Power Finance Corp Ltd
4.09%
Bajaj Housing Finance Ltd
3.46%
SBI Life Insurance Co Ltd
3.32%
Bajaj Finance Ltd
2.32%
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
very high risk | equity
10.8%
very high risk | equity
12.8%
very high risk | equity
15.1%