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
₹423.85
1.43%
NAV as on 24 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 24 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
40.99%p.a.
Last 1Y
23.62%p.a.
Last 3Y
24.28%p.a.
Last 5Y
13.78%p.a.
Since Inception
About SBI Long Term Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Long Term Equity Fund Growth 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 May 2007, SBI Long Term Equity Fund Growth is ELSS (Tax Savings) fund of its category with 27,559.31 Cr fund under management as on Nov 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 Growth delivered 41.0% annual returns during the last year. It has delivered 13.8% average annual returns since the fund was launched.
- SBI Long Term Equity Fund Growth 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
7.40%
Reliance Industries Ltd
3.90%
ICICI Bank Ltd
3.48%
Bharti Airtel Ltd
3.26%
Torrent Power Ltd
3.25%
Tata Steel Ltd
2.80%
State Bank of India
2.78%
ITC Ltd
2.56%
Mahindra & Mahindra Ltd
2.49%
Tata Motors Ltd
2.42%
Fund Managers
- Dinesh Balachandran (Sep 2016 - Present)
Key Information
View Scheme Document
SBI Long Term Equity Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Long Term Equity 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 Long Term Equity 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 Long Term Equity 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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