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
₹48.36
1.18%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity infrastructure
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity infrastructure
equity
57.16%p.a.
Last 1Y
27.57%p.a.
Last 3Y
27.15%p.a.
Last 5Y
10.18%p.a.
Since Inception
About LIC MF Infrastructure Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Infrastructure Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Equity - Infrastructure mutual fund scheme that predominantly invests in Equity - Infrastructure stocks of companies. Launched on Feb 2008, LIC MF Infrastructure Fund Growth is Equity - Infrastructure fund of its category with 786.09 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Infrastructure funds.
- LIC MF Infrastructure Fund Growth delivered 57.2% annual returns during the last year. It has delivered 10.2% average annual returns since the fund was launched.
- LIC MF Infrastructure Fund 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 long-term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. However, there is no assurance that the investment objective of the Schemes will be realized.
Top 10 Holdings
Garware Hi-Tech Films Ltd
4.49%
Shakti Pumps (India) Ltd
3.73%
Schneider Electric Infrastructure Ltd
3.25%
Cummins India Ltd
2.95%
REC Ltd
2.88%
Bharat Bijlee Ltd
2.79%
GE Vernova T&D India Ltd
2.73%
Tata Power Co Ltd
2.65%
ISGEC Heavy Engineering Ltd
2.57%
Bharat Heavy Electricals Ltd
2.55%
Fund Managers
- Yogesh Patil (Sep 2020 - Present)
- Mahesh Bendre (Jul 2024 - Present)
Key Information
View Scheme Document
LIC MF Infrastructure Fund Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on LIC MF Infrastructure 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 Infrastructure 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 Infrastructure 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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29.6%
DSP India T.I.G.E.R. Fund - Plan - Growth
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28.1%
SBI Infrastructure Fund Growth
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23.3%
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