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
₹21.31
0.00%
NAV as on 02 Oct 23, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 02 Oct 23, 12:00 AM
moderate risk
banking & psu
debt
6.60%p.a.
Last 1Y
4.69%p.a.
Last 3Y
7.00%p.a.
Last 5Y
7.42%p.a.
Since Inception
About PGIM India Banking and PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the PGIM India Banking and PSU Debt Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Mar 2013, PGIM India Banking and PSU Debt Fund Growth is Banking & PSU fund of its category with 45.38 Cr fund under management as on Sep 2023. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- PGIM India Banking and PSU Debt Fund Growth delivered 6.6% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- PGIM India Banking and PSU Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The primary objective of the Scheme is to seek to generate income and capital appreciation by investing predominantly in debt instruments issued by banks, Public Sector Undertakings, Public Financial institutions and Municipal Bonds.
Top 10 Holdings
National Bank For Agriculture And Rural Development
9.85%
Small Industries Development Bank Of India
9.45%
HDFC Bank Limited
9.28%
Power Grid Corporation Of India Limited
8.72%
Housing And Urban Development Corporation Ltd.
8.34%
Power Finance Corporation Ltd.
8.27%
Ntpc Limited
6.36%
07.18 Goi 2037
5.46%
State Bank Of India
4.22%
Mahanagar Telephone Nigam Limited.
2.89%
Fund Managers
- Bhupesh Kalyani (Sep 2022 - Present)
- Puneet Pal (Dec 2017 - Present)
Key Information
View Scheme Document
PGIM India Banking and PSU Debt Fund Growth SIP Calculator
If invested
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For a period of
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NRI Mutual Fund Tax on PGIM India Banking and PSU Debt 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 PGIM India Banking and PSU Debt 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 PGIM India Banking and PSU Debt 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
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Frequently Asked Questions
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