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
₹32.98
0.02%
NAV as on 07 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 07 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
8.03%p.a.
Last 1Y
5.63%p.a.
Last 3Y
5.63%p.a.
Last 5Y
7.08%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the LIC MF Banking & PSU Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on May 2007, LIC MF Banking & PSU Fund Growth is Banking & PSU fund of its category with 1,591.08 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.
7.10%Goi 08/04/2034
7.99%
Small Industries Development Bank Of India
4.35%
Export-Import Bank Of India
4.25%
NLc India Limited
3.40%
Small Industries Development Bank Of India
3.22%
Power Grid Corporation Of India Limited
2.84%
Bajaj Finance Limited
2.82%
National Bank For Agriculture And Rural Development
2.81%
Indian Railway Finance Corporation Limited
2.79%
Ntpc Limited
2.77%
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
moderate risk | debt
5.8%
moderate risk | debt
6.0%
moderate risk | debt
6.0%