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
₹535.76
0.64%
NAV as on 29 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 29 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
34.29%p.a.
Last 1Y
22.36%p.a.
Last 3Y
19.20%p.a.
Last 5Y
17.79%p.a.
Since Inception
About SBI Large & Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Large & Midcap Fund Growth scheme from SBI Funds Management Ltd. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on May 2005, SBI Large & Midcap Fund Growth is Large & Mid-Cap fund of its category with 21,270.03 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- SBI Large & Midcap Fund Growth delivered 34.3% annual returns during the last year. It has delivered 17.8% average annual returns since the fund was launched.
- SBI Large & Midcap 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
To provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising predominantly large cap and mid cap companies.
Top 10 Holdings
HDFC Bank Ltd
4.42%
Reliance Industries Ltd
4.33%
ICICI Bank Ltd
3.80%
State Bank of India
2.94%
HDFC Asset Management Co Ltd
2.83%
Sun Pharmaceuticals Industries Ltd
2.21%
Muthoot Finance Ltd
2.15%
Tata Consultancy Services Ltd
2.09%
National Aluminium Co Ltd
2.08%
Infosys Ltd
2.04%
Fund Managers
- Saurabh Pant (Sep 2016 - Present)
- Mohit Jain (Nov 2017 - Present)
Key Information
View Scheme Document
SBI Large & Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Large & Midcap 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 Large & Midcap 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 Large & Midcap 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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