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
₹41.31
0.05%
NAV as on 29 Apr 24, 12:00 AM
high risk
credit risk
debt
NAV as on 29 Apr 24, 12:00 AM
high risk
credit risk
debt
6.70%p.a.
Last 1Y
6.21%p.a.
Last 3Y
6.76%p.a.
Last 5Y
7.45%p.a.
Since Inception
About SBI Credit Risk Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Credit Risk Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Credit Risk mutual fund scheme that predominantly invests in Credit Risk stocks of companies. Launched on Jul 2004, SBI Credit Risk Fund Plan Growth is Credit Risk fund of its category with 2,490.06 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Credit Risk funds.
- SBI Credit Risk Fund Plan Growth delivered 6.7% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
- SBI Credit Risk 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
To provide the investors an opportunity to predominantly invest in corporate bonds rated AA and below(excluding AA+ rated corporate bonds) so as to generate attractive returns while maintaining moderate liquidity in the portfolio through investment in money market securities.
Top 10 Holdings
7.16% Govt Stock 2050
4.96%
Aadhar Housing Finance Limited
4.88%
Nirma Limited
4.63%
India (Republic of) 7.1%
4.01%
Jindal Stainless Limited
3.52%
Avanse Financial Services Limited
3.22%
Renserv Global Pvt Ltd.
3.21%
West Bengal (Government of) 7.52%
3.02%
Ongc Petro Additions Limited
3.02%
JSW Steel Limited
3.01%
Fund Managers
- Lokesh Mallya (Feb 2017 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
- Adesh Sharma (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Credit Risk 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 Credit Risk 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 Credit Risk 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 Credit Risk 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
ICICI Prudential Credit Risk Fund Growth
high risk | debt
6.5%
Nippon India Credit Risk Fund Growth
high risk | debt
8.4%
Nippon India Credit Risk Fund Institutional Growth
high risk | debt
8.5%
Frequently Asked Questions
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