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
₹124.54
0.00%
NAV as on 26 Nov 22, 12:00 AM
very high risk
flexi cap
equity
NAV as on 26 Nov 22, 12:00 AM
very high risk
flexi cap
equity
2.23%p.a.
Last 1Y
14.34%p.a.
Last 3Y
8.97%p.a.
Last 5Y
15.46%p.a.
Since Inception
About L&T Flexicap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the L&T Flexicap Fund Growth scheme from L&T Investment Management Ltd. It is a Flexi Cap mutual fund scheme that predominantly invests in Flexi Cap stocks of companies. Launched on May 2005, L&T Flexicap Fund Growth is Flexi Cap fund of its category with 2,884.25 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Flexi Cap funds.
- L&T Flexicap Fund Growth delivered 2.2% annual returns during the last year. It has delivered 15.5% average annual returns since the fund was launched.
- L&T Flexicap Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
ICICI Bank Ltd
5.47%
Reliance Industries Ltd
4.82%
Infosys Ltd
4.68%
HDFC Bank Ltd
3.88%
Tata Consultancy Services Ltd
3.20%
ITC Ltd
2.78%
Bajaj Holdings and Investment Ltd
2.44%
State Bank of India
2.25%
Bharti Airtel Ltd
2.23%
Housing Development Finance Corp Ltd
2.08%
Fund Managers
- Venugopal Manghat (Dec 2019 - Present)
- Vihang Naik (Dec 2019 - Present)
- Sonal Gupta (Jul 2021 - Present)
Key Information
View Scheme Document
L&T Flexicap Fund 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 L&T Flexicap 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 L&T Flexicap 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 L&T Flexicap 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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