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
₹NaN
0.10%
NAV as on Datlid , 12:NaN AM
very high risk
elss (tax savings)
elss
NAV as on Datlid , 12:NaN AM
very high risk
elss (tax savings)
elss
29.60%p.a.
Last 1Y
24.87%p.a.
Last 3Y
23.90%p.a.
Last 5Y
0.00%p.a.
Since Inception
About SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl scheme from SBI Funds Management Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Mar 1993, SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl is ELSS (Tax Savings) fund of its category with 27,847.49 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl delivered 29.6% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Top 10 Holdings
HDFC Bank Ltd
7.57%
Reliance Industries Ltd
3.75%
ICICI Bank Ltd
3.46%
Bharti Airtel Ltd
3.25%
State Bank of India
2.81%
Tata Steel Ltd
2.70%
Mahindra & Mahindra Ltd
2.68%
Torrent Power Ltd
2.66%
ITC Ltd
2.47%
Tata Consultancy Services Ltd
2.30%
Fund Managers
- Dinesh Balachandran (Sep 2016 - Present)
Key Information
View Scheme Document
SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl SIP Calculator
If invested
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For a period of
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This Fund
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Fixed Deposit
NRI Mutual Fund Tax on SBI Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl
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 Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl?
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 Long Term Equity Fund Reinvestment of Income Distribution cum capital wdrl
- 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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