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
₹36.35
0.04%
NAV as on 17 Feb 26, 12:00 AM
moderate risk
dynamic bond
debt
NAV as on 17 Feb 26, 12:00 AM
moderate risk
dynamic bond
debt
5.20%p.a.
Last 1Y
7.11%p.a.
Last 3Y
5.75%p.a.
Last 5Y
6.03%p.a.
Since Inception
About SBI Dynamic Bond Fund-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Dynamic Bond Fund-Growth scheme from SBI Mutual Fund. It is a Dynamic Bond mutual fund scheme that predominantly invests in Dynamic Bond stocks of companies. Launched on Feb 2004, SBI Dynamic Bond Fund-Growth is Dynamic Bond fund of its category with 4,240.89 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Dynamic Bond funds.
- SBI Dynamic Bond Fund-Growth delivered 5.2% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
- SBI Dynamic Bond Fund-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 investors attractive returns through investment in an actively managed portfolio of high quality debt securities of varying maturities.
Top 10 Holdings
Repo
12.23%
Net Payables
-6.39%
SUMMIT DIGITEL INFRASTRUCTURE LIMITED 8.44 NCD 02NV32 FVRS10LAC
3.72%
Others Class A2 AIF
0.29%
REC LIMITED SR 230-A 7.71 BD 26FB27 FVRS1LAC
2.96%
STATE DEVELOPMENT LOAN 33799 KAR 03JN34 7.74 FV RS 100
0.87%
STATE DEVELOPMENT LOAN 34077 KAR 13MR38 7.37 FV RS 100
0.65%
STATE DEVELOPMENT LOAN 34841 MP 28AG38 7.26 FV RS 100
2.45%
GOVERNMENT OF INDIA 35368 GOI 23DC29 6.75 FV RS 100
3.00%
India Universal Trust AL1 Sec. Debt 8.09 21/11/2027
2.51%
Fund Managers
- Sudhir Agrawal (Jul 2025 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Dynamic Bond Fund-Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Dynamic Bond 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 Dynamic Bond 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 Dynamic Bond 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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