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
₹14.83
-0.38%
NAV as on 17 Nov 24, 12:00 AM
very high risk
dividend yield
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
dividend yield
equity
29.05%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
28.89%p.a.
Since Inception
About SBI Dividend Yield Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Dividend Yield Fund Growth scheme from SBI Funds Management Ltd. It is a Dividend Yield mutual fund scheme that predominantly invests in Dividend Yield stocks of companies. Launched on Mar 2023, SBI Dividend Yield Fund Growth is Dividend Yield fund of its category with 9,771.4 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dividend Yield funds.
- SBI Dividend Yield Fund Growth delivered 29.1% annual returns during the last year. It has delivered 28.9% average annual returns since the fund was launched.
- SBI Dividend Yield 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
The investment objective of the scheme is to provide investors with opportunities for capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
8.53%
Infosys Ltd
6.92%
Tata Consultancy Services Ltd
5.91%
Larsen & Toubro Ltd
5.05%
Power Grid Corp Of India Ltd
4.69%
State Bank of India
3.82%
ITC Ltd
3.71%
Nexus Select Trust Reits
2.92%
Maruti Suzuki India Ltd
2.90%
GAIL (India) Ltd
2.55%
Fund Managers
- Rohit Shimpi (Mar 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Dividend Yield Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Dividend Yield 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 Dividend Yield 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 Dividend Yield 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
HDFC Dividend Yield Fund Growth
very high risk | equity
18.3%
ICICI Prudential Dividend Yield Equity Fund Growth
very high risk | equity
21.8%
UTI Dividend Yield Fund Plan Growth
very high risk | equity
15.9%
Frequently Asked Questions
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