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
₹159.92
-0.12%
NAV as on 17 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
index funds
equity
19.58%p.a.
Last 1Y
8.75%p.a.
Last 3Y
14.21%p.a.
Last 5Y
13.57%p.a.
Since Inception
About LIC MF BSE Sensex Index Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF BSE Sensex Index Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Nov 2002, LIC MF BSE Sensex Index Growth is Index Funds fund of its category with 82.82 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- LIC MF BSE Sensex Index Growth delivered 19.6% annual returns during the last year. It has delivered 13.6% average annual returns since the fund was launched.
- LIC MF BSE Sensex Index 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 main investment objective of the fund is to generate returns commensurate with the performance of the index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the Schemes will be realized.
Top 10 Holdings
HDFC Bank Ltd
14.32%
ICICI Bank Ltd
9.93%
Reliance Industries Ltd
9.83%
Infosys Ltd
6.91%
ITC Ltd
4.96%
Bharti Airtel Ltd
4.70%
Larsen & Toubro Ltd
4.64%
Tata Consultancy Services Ltd
4.40%
Axis Bank Ltd
3.57%
State Bank of India
3.42%
Fund Managers
- Sumit Bhatnagar (Oct 2023 - Present)
Key Information
View Scheme Document
LIC MF BSE Sensex Index Growth SIP Calculator
If invested
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For a period of
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This Fund
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Fixed Deposit
NRI Mutual Fund Tax on LIC MF BSE Sensex Index 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 BSE Sensex Index 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 BSE Sensex Index 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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