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
₹10.37
-0.48%
NAV as on 25 Jun 23, 12:00 AM
low risk
dynamic asset allocation
hybrid (nc)
NAV as on 25 Jun 23, 12:00 AM
low risk
dynamic asset allocation
hybrid (nc)
14.21%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
1.69%p.a.
Since Inception
About NJ Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the NJ Balanced Advantage Fund Growth scheme from NJ Asset Management Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Oct 2021, NJ Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 4,035.01 Cr fund under management as on Jun 2023. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- NJ Balanced Advantage Fund Growth delivered 14.2% annual returns during the last year. It has delivered 1.7% average annual returns since the fund was launched.
- NJ Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund Objective
The investment objective of the Scheme is to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
Future on ICICI Bank Ltd
5.35%
ICICI Bank Ltd
5.31%
HDFC Bank Ltd
2.79%
IndusInd Bank Ltd
2.55%
Future on IndusInd Bank Ltd
2.55%
Future on Reliance Industries Ltd
2.38%
Reliance Industries Ltd
2.36%
Housing Development Finance Corp Ltd
1.82%
Tata Consultancy Services Ltd Shs Dematerialised
1.72%
Tech Mahindra Ltd
1.71%
Fund Managers
- Viral Shah (Oct 2022 - Present)
- Vishal Ashar (Mar 2023 - Present)
- Dhaval Patel (Mar 2023 - Present)
Key Information
View Scheme Document
NJ Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on NJ Balanced Advantage 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 NJ Balanced Advantage 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 NJ Balanced Advantage 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
Frequently Asked Questions
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