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
₹13.40
-0.18%
NAV as on 04 Nov 24, 12:00 AM
high risk
dynamic asset allocation
hybrid (nc)
NAV as on 04 Nov 24, 12:00 AM
high risk
dynamic asset allocation
hybrid (nc)
19.27%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
14.07%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Balanced Advantage Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Aug 2022, Mirae Asset Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 1,770.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
07.18 Goi 14082033
4.93%
HDFC Bank Ltd
4.55%
7.38% Govt Stock 2027
4.02%
ICICI Bank Ltd
2.65%
State Bank of India
2.38%
Reliance Industries Ltd
2.31%
Bharti Airtel Ltd
2.30%
Infosys Ltd
2.23%
Axis Bank Ltd
1.89%
Larsen & Toubro Ltd
1.82%
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
high risk | hybrid (nc)
20.7%
high risk | equity
13.0%
high risk | equity
10.9%