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
₹22.91
0.19%
NAV as on 17 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
NAV as on 17 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
14.20%p.a.
Last 1Y
9.38%p.a.
Last 3Y
11.17%p.a.
Last 5Y
9.28%p.a.
Since Inception
About SBI Equity Savings Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Equity Savings Growth scheme from SBI Funds Management Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on May 2015, SBI Equity Savings Growth is Equity Savings fund of its category with 5,616.38 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- SBI Equity Savings Growth delivered 14.2% annual returns during the last year. It has delivered 9.3% average annual returns since the fund was launched.
- SBI Equity Savings 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 scheme aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.
Top 10 Holdings
HDFC Bank Ltd
9.54%
Future on HDFC Bank Ltd
7.71%
Kotak Mahindra Bank Ltd
3.06%
Future on Kotak Mahindra Bank Ltd
3.05%
7.38% Govt Stock 2027
2.89%
ICICI Bank Ltd
2.61%
State Bank of India
2.37%
Cube Highways Trust
2.00%
Future on Reliance Industries Ltd
1.93%
Reliance Industries Ltd
1.92%
Fund Managers
- Neeraj Kumar (May 2015 - Present)
- Nidhi Chawla (Jan 2022 - Present)
- Mansi Sajeja (Jun 2021 - Present)
- Pradeep Kesavan (Jan 2024 - Present)
- Vandna Soni (Jan 2024 - Present)
Key Information
View Scheme Document
SBI Equity Savings Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on SBI Equity Savings 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 Savings 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 Savings 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 Equity Savings Fund Growth
moderately high risk | hybrid (nc)
9.2%
Mirae Asset Equity Savings Fund Growth
moderately high risk | equity
8.6%
Axis Equity Savings Fund Plan Growth
moderately high risk | equity
7.4%
Frequently Asked Questions
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