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
₹2955.53
-0.05%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
7.73%p.a.
Last 1Y
5.47%p.a.
Last 3Y
5.95%p.a.
Last 5Y
7.45%p.a.
Since Inception
About SBI Banking and PSU Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Banking and PSU Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Oct 2009, SBI Banking and PSU Fund Plan Growth is Banking & PSU fund of its category with 3,795.76 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- SBI Banking and PSU Fund Plan Growth delivered 7.7% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
- SBI Banking and PSU Fund Plan 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 scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Top 10 Holdings
7.1% Govt Stock 2034
21.05%
Nuclear Power Corporation Of India Limited
5.45%
National Bank For Financing Infrastructure And Development
4.80%
Ongc Petro Additions Ltd.
4.64%
Rural Electrification Corporation Limited
3.96%
GAil (India) Limited
3.96%
National Bank For Agriculture And Rural Development
3.68%
Power Grid Corporation Of India Limited
3.50%
National Bank For Agriculture And Rural Development
2.65%
Ongc Petro Additions Limited
2.65%
Fund Managers
- Rajeev Radhakrishnan (Nov 2013 - Present)
- Ardhendu Bhattacharya (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Banking and PSU Fund Plan 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 Banking and PSU Fund Plan 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 Banking and PSU Fund Plan 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 Banking and PSU Fund Plan 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
Kotak Banking and PSU Debt Growth
low to moderate risk | debt
5.9%
DSP Banking & PSU Debt Fund Growth
low to moderate risk | debt
6.0%
Tata Banking & PSU Debt Fund Growth
low to moderate risk | debt
5.0%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved