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
₹13.39
0.59%
NAV as on 16 May 24, 12:00 AM
very high risk
equity other
equity
NAV as on 16 May 24, 12:00 AM
very high risk
equity other
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
34.84%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Business Cycle Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Sep 2023, Mahindra Manulife Business Cycle Fund Growth is Equity - Other fund of its category with 826.97 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
State Bank of India
4.35%
Reliance Industries Ltd
4.33%
ICICI Bank Ltd
3.61%
Indus Towers Ltd Ordinary Shares
3.61%
Tata Consultancy Services Ltd
2.49%
IndusInd Bank Ltd
2.28%
Grasim Industries Ltd
2.19%
Canara Bank
2.07%
Godrej Industries Ltd
2.06%
Divi's Laboratories Ltd
2.05%
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
very high risk | equity
28.8%
very high risk | equity
25.1%
very high risk | equity
12.6%