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
₹14.85
-0.18%
NAV as on 16 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
NAV as on 16 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
16.49%p.a.
Last 1Y
13.54%p.a.
Last 3Y
0.00%p.a.
Last 5Y
12.65%p.a.
Since Inception
About SBI Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Balanced Advantage Fund Growth scheme from SBI Funds Management Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Aug 2021, SBI Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 33,186.83 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- SBI Balanced Advantage Fund Growth delivered 16.5% annual returns during the last year. It has delivered 12.7% average annual returns since the fund was launched.
- SBI Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To provide long term capital appreciation / income from a dynamic mix of equity and debt investments. However, there can be no assurance that the investment objective of the Scheme will be realized
Top 10 Holdings
HDFC Bank Ltd
5.19%
Reliance Industries Ltd
4.00%
Bharti Airtel Ltd
3.33%
GAIL (India) Ltd
3.14%
7.18% Govt Stock 2033
2.78%
Future on HDFC Bank Ltd
2.55%
National Highways Infra Trust Units
2.49%
Future on Bharti Airtel Ltd
2.39%
7.34% Govt Stock 2064
2.35%
Future on Larsen & Toubro Ltd
2.27%
Fund Managers
- Rajeev Radhakrishnan (Dec 2023 - Present)
- Dinesh Balachandran (Aug 2021 - Present)
- Mansi Sajeja (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Balanced Advantage Fund 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 SBI 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 SBI 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 SBI 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
Similar Funds
Funds
3Y Return
Tata Balanced Advantage Fund Growth
high risk | equity
11.8%
Aditya Birla Sun Life Balanced Advantage Fund Growth
high risk | equity
11.9%
Franklin India Balanced Advantage Fund Growth
high risk | hybrid (nc)
0.0%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved