NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Quant BFSI Growth for NRI [15.89]

Min Investment

5,000

Fund Size

704.62 Cr

Expense Ratio

2.3%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

15.89

-0.89%

NAV as on 07 Nov 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 07 Nov 24, 12:00 AM

very high risk

sector financial services

equity

33.89%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

39.52%p.a.

Since Inception

About Quant BFSI Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Quant BFSI Growth scheme from Quant Money Managers Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Jun 2023, Quant BFSI Growth is Sector - Financial Services fund of its category with 704.62 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • Quant BFSI Growth delivered 33.9% annual returns during the last year. It has delivered 39.5% average annual returns since the fund was launched.
  • Quant BFSI Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The primary investment objective of the scheme is to generate consistent returns by investing in equity and equity related instruments of banking and financial services. However, there is no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

Jio Financial Services Ltd

9.74%

Aadhar Housing Finance Ltd

9.53%

HDFC Life Insurance Co Ltd

9.45%

Piramal Enterprises Ltd

9.17%

Life Insurance Corporation of India

8.39%

RBL Bank Ltd

7.18%

Reliance Industries Ltd

6.95%

Aditya Birla Capital Ltd

6.08%

Manappuram Finance Ltd

6.01%

Future on Bajaj Finance Ltd

5.16%

Fund Managers

  1. Sanjeev Sharma (Jun 2023 - Present)
  2. Vasav Sahgal (Jun 2023 - Present)
  3. Ankit A. Pande (Jun 2023 - Present)
  4. Sandeep Tandon (Jun 2023 - Present)

Key Information

View Scheme Document

Quant BFSI Growth SIP Calculator

If invested

5,000

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

NRI Mutual Fund Tax on Quant BFSI Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Quant BFSI 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 Quant BFSI 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