NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

LIC MF Balanced Advantage Fund Growth for NRI [12.18]

Min Investment

₹5,000

Fund Size

₹891.44 Cr

Expense Ratio

2.2%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹12.18

0.61%

NAV as on 29 Apr 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

NAV as on 29 Apr 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

15.51%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

8.00%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 891.44 Cr fund under management as on Apr 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 15.5% annual returns during the last year. It has delivered 8.0% 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

7.26% Govt Stock 2032

8.57%

HDFC Bank Ltd

8.07%

ICICI Bank Ltd

7.19%

Reliance Industries Ltd

6.85%

State Bank of India

5.43%

ITC Ltd

4.02%

Infosys Ltd

3.75%

Tata Consultancy Services Ltd

3.53%

Mahindra & Mahindra Ltd

3.42%

Future on Mahindra & Mahindra Ltd

3.41%

Fund Managers

  1. Yogesh Patil (Nov 2021 - Present)
  2. Rahul Singh (Nov 2021 - Present)
  3. Jaiprakash Toshniwal (Jun 2022 - Present)

Key Information

View Scheme Document

LIC MF Balanced Advantage Fund Growth SIP Calculator

If invested

₹5,000

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 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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

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HDFC Balanced Advantage Fund Growth

very high risk | hybrid (nc)

25.9%

Kotak Balanced Advantage Fund Growth

very high risk | equity

11.2%

Edelweiss Balanced Advantage Fund Plan Growth

very high risk | hybrid (nc)

14.0%

Frequently Asked Questions

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