NRI from all over the world (including 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
₹15.22
1.65%
NAV as on 17 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
sector financial services
equity
25.14%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 25.1% 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
- Sanjeev Sharma (Jun 2023 - Present)
- Vasav Sahgal (Jun 2023 - Present)
- Ankit A. Pande (Jun 2023 - Present)
- Sandeep Tandon (Jun 2023 - Present)
Key Information
View Scheme Document
Quant BFSI Growth SIP Calculator
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
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 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 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
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ICICI Prudential Banking and Financial Services Fund Growth
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10.3%
SBI Banking & Financial Services Growth
very high risk | equity
12.3%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
14.4%
Frequently Asked Questions
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