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
₹31.42
0.02%
NAV as on 01 May 24, 12:00 AM
moderate risk
government bond
debt
NAV as on 01 May 24, 12:00 AM
moderate risk
government bond
debt
5.89%p.a.
Last 1Y
4.04%p.a.
Last 3Y
6.49%p.a.
Last 5Y
5.80%p.a.
Since Inception
About LIC MF Gilt Fund PF Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Gilt Fund PF Plan Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Dec 2003, LIC MF Gilt Fund PF Plan Growth is Government Bond fund of its category with 46.93 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- LIC MF Gilt Fund PF Plan Growth delivered 5.9% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
- LIC MF Gilt Fund PF Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. However, there is no assurance that the investment objective of the Schemes will be realized.
Top 7 Holdings
7.32% Govt Stock 2030
22.13%
07.70 MH Sgs 2033
21.84%
7.3% Govt Stock 2053
10.95%
7.26% Govt Stock 2033
10.86%
7.18% Govt Stock 2033
10.79%
07.71 MH Sdl 2033
5.61%
07.72 MH Sdl 2034
4.47%
Fund Managers
- Marzban Irani (Aug 2016 - Present)
- Pratik Shroff (Sep 2023 - Present)
Key Information
View Scheme Document
LIC MF Gilt Fund PF Plan 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 LIC MF Gilt Fund PF 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 Gilt Fund PF 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 Gilt Fund PF 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
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SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth
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Frequently Asked Questions
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