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
₹19.78
-0.19%
NAV as on 30 Apr 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
dynamic asset allocation
equity
30.38%p.a.
Last 1Y
11.08%p.a.
Last 3Y
10.09%p.a.
Last 5Y
9.18%p.a.
Since Inception
About Motilal Oswal Balance Advantage Fund Plan Growth Option for NRIs
NRIs can achieve long-term capital appreciation by investing in the Motilal Oswal Balance Advantage Fund Plan Growth Option scheme from Motilal Oswal Asset Management Co. Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Sep 2016, Motilal Oswal Balance Advantage Fund Plan Growth Option is Dynamic Asset Allocation fund of its category with 1,235.6 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- Motilal Oswal Balance Advantage Fund Plan Growth Option delivered 30.4% annual returns during the last year. It has delivered 9.2% average annual returns since the fund was launched.
- Motilal Oswal Balance Advantage Fund Plan Growth Option 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 is to generate long term capital appreciation by investing in equity and equity related instruments including equity derivatives & International Stocks, debt, money market instruments.
Top 10 Holdings
Nifty 50 Index April 2024 Future
17.93%
Star Health and Allied Insurance Co Ltd
8.86%
Samvardhana Motherson International Ltd
7.65%
FSN E-Commerce Ventures Ltd
6.56%
ZF Commercial Vehicle Control Systems India Ltd
6.24%
Religare Enterprises Ltd
5.65%
Fino Payments Bank Ltd
5.43%
Dreamfolks Services Ltd
4.36%
BSE Ltd
4.36%
L&T Technology Services Ltd
4.16%
Fund Managers
- Ankush Sood (Mar 2023 - Present)
- Santosh Singh (Jan 2022 - Present)
- Rakesh Shetty (Nov 2022 - Present)
Key Information
View Scheme Document
Motilal Oswal Balance Advantage Fund Plan Growth Option SIP Calculator
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NRI Mutual Fund Tax on Motilal Oswal Balance Advantage Fund Plan Growth Option
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 Motilal Oswal Balance Advantage Fund Plan Growth Option?
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 Motilal Oswal Balance Advantage Fund Plan Growth Option
- 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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Frequently Asked Questions
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