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
₹12.81
0.09%
NAV as on 30 Apr 24, 12:00 AM
low risk
arbitrage fund
equity
NAV as on 30 Apr 24, 12:00 AM
low risk
arbitrage fund
equity
7.17%p.a.
Last 1Y
5.19%p.a.
Last 3Y
4.73%p.a.
Last 5Y
4.76%p.a.
Since Inception
About LIC MF Arbitrage Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Arbitrage Plan Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Jan 2019, LIC MF Arbitrage Plan Growth is Arbitrage Fund fund of its category with 143.11 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.
- LIC MF Arbitrage Plan Growth delivered 7.2% annual returns during the last year. It has delivered 4.8% average annual returns since the fund was launched.
- LIC MF Arbitrage Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.However, there is no assurance that the investment objective of the Schemes will be realized.
Top 10 Holdings
LIC MF Liquid Dir Gr
14.96%
Future on HDFC Bank Ltd
6.35%
HDFC Bank Ltd
6.29%
Indus Towers Ltd.
4.18%
Indus Towers Ltd Ordinary Shares
4.15%
Future on Tata Consultancy Services Ltd
3.73%
Tata Consultancy Services Ltd
3.70%
Future on Larsen & Toubro Ltd
3.58%
Larsen & Toubro Ltd
3.55%
Future on Container Corporation of India Ltd
2.98%
Fund Managers
- Sumit Bhatnagar (Oct 2023 - Present)
- Pratik Shroff (Sep 2023 - Present)
Key Information
View Scheme Document
LIC MF Arbitrage Plan Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF Arbitrage Plan 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 LIC MF Arbitrage Plan 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 LIC MF Arbitrage Plan 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
Similar Funds
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3Y Return
Kotak Equity Arbitrage Fund Growth
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5.8%
SBI Arbitrage Opportunities Fund Growth
low risk | equity
5.8%
ICICI Prudential Equity Arbitrage Fund Growth
low risk | equity
5.5%
Frequently Asked Questions
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