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
₹12.97
0.30%
NAV as on 17 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
hybrid (nc)
NAV as on 17 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
hybrid (nc)
16.14%p.a.
Last 1Y
9.05%p.a.
Last 3Y
0.00%p.a.
Last 5Y
9.65%p.a.
Since Inception
About LIC MF Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Balanced Advantage Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Nov 2021, LIC MF Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 791.3 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- LIC MF Balanced Advantage Fund Growth delivered 16.1% annual returns during the last year. It has delivered 9.7% average annual returns since the fund was launched.
- LIC MF Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund Objective
The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
10.01%
7.26 Govt Stock 22082032
9.85%
Jamnagar Utilities & Power Private Limited 7.43%
6.33%
Infosys Ltd
5.03%
ICICI Bank Ltd
4.98%
Reliance Industries Ltd
4.32%
Tata Consultancy Services Ltd
4.16%
HDFC Bank Limited
3.31%
Future on Mahindra & Mahindra Ltd
3.26%
Mahindra & Mahindra Ltd
3.23%
Fund Managers
- Yogesh Patil (Nov 2021 - Present)
- Rahul Singh (Nov 2021 - Present)
- Jaiprakash Toshniwal (Jun 2022 - Present)
Key Information
View Scheme Document
LIC MF Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF Balanced Advantage 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 LIC MF Balanced Advantage 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 LIC MF Balanced Advantage 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
Similar Funds
Funds
3Y Return
HDFC Balanced Advantage Fund Growth
very high risk | hybrid (nc)
19.8%
ICICI Prudential Balanced Advantage Fund Growth
very high risk | equity
11.4%
Kotak Balanced Advantage Fund Growth
very high risk | equity
10.2%
Frequently Asked Questions
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