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
₹369.76
-0.44%
NAV as on 21 Nov 24, 12:00 AM
very high risk
contra
equity
NAV as on 21 Nov 24, 12:00 AM
very high risk
contra
equity
28.60%p.a.
Last 1Y
22.16%p.a.
Last 3Y
29.17%p.a.
Last 5Y
17.51%p.a.
Since Inception
About SBI Contra Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Contra Fund Growth scheme from SBI Funds Management Ltd. It is a Contra mutual fund scheme that predominantly invests in Contra stocks of companies. Launched on May 2005, SBI Contra Fund Growth is Contra fund of its category with 40,486.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Contra funds.
- SBI Contra Fund Growth delivered 28.6% annual returns during the last year. It has delivered 17.5% average annual returns since the fund was launched.
- SBI Contra 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 the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy
Top 10 Holdings
HDFC Bank Ltd
5.45%
Reliance Industries Ltd
3.12%
Tech Mahindra Ltd
2.30%
Kotak Mahindra Bank Ltd
2.19%
State Bank of India
2.08%
GAIL (India) Ltd
2.03%
ITC Ltd
2.02%
Whirlpool of India Ltd
1.99%
Tata Steel Ltd
1.94%
Dabur India Ltd
1.74%
Fund Managers
- Dinesh Balachandran (May 2018 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Contra Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Contra 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 Contra 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 Contra 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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