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
₹23.04
-0.89%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
19.60%p.a.
Last 1Y
13.19%p.a.
Last 3Y
17.77%p.a.
Last 5Y
16.96%p.a.
Since Inception
About SBI Equity Minimum Variance Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Equity Minimum Variance Fund Growth scheme from SBI Funds Management Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Mar 2019, SBI Equity Minimum Variance Fund Growth is Equity - Other fund of its category with 219.26 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- SBI Equity Minimum Variance Fund Growth delivered 19.6% annual returns during the last year. It has delivered 17.0% average annual returns since the fund was launched.
- SBI Equity Minimum Variance 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 long term capital appreciation by investing in a diversified basket of companies in Nifty 50 Index while aiming for minimizing the portfolio volatility. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
Britannia Industries Ltd
8.08%
Hindustan Unilever Ltd
7.54%
Nestle India Ltd
7.29%
Sun Pharmaceuticals Industries Ltd
7.06%
Tata Consultancy Services Ltd
5.65%
Apollo Hospitals Enterprise Ltd
5.54%
Dr Reddy's Laboratories Ltd
4.87%
Tata Consumer Products Ltd
4.79%
Cipla Ltd
3.59%
Asian Paints Ltd
2.98%
Fund Managers
- Raviprakash Sharma (Mar 2019 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Equity Minimum Variance Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Equity Minimum Variance 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 Equity Minimum Variance 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 Equity Minimum Variance 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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