NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI ELSS Tax Saver Fund -Growth for NRI [446.99]

Min Investment

₹500

Fund Size

₹32,608.8 Cr

Expense Ratio

1.6%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹446.99

0.06%

NAV as on 06 Feb 26, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 06 Feb 26, 12:00 AM

very high risk

elss (tax savings)

elss

7.73%p.a.

Last 1Y

23.84%p.a.

Last 3Y

19.44%p.a.

Last 5Y

16.70%p.a.

Since Inception

About SBI ELSS Tax Saver Fund -Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI ELSS Tax Saver Fund -Growth scheme from SBI Mutual Fund. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Mar 1993, SBI ELSS Tax Saver Fund -Growth is ELSS (Tax Savings) fund of its category with 32,608.8 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • SBI ELSS Tax Saver Fund -Growth delivered 7.7% annual returns during the last year. It has delivered 16.7% average annual returns since the fund was launched.
  • SBI ELSS Tax Saver 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

HEXAWARE TECHNOLOGIES LIMITED EQ NEW FV RS.2/-

1.27%

Repo

7.94%

Net Receivables

0.23%

GOVERNMENT OF INDIA 35321 182 DAYS TBILL 05JU25 FV RS 100

0.13%

Mahindra Lifespace Developers Ltd. - Right Entitlement1

0.07%

Mahindra & Mahindra Financial Services Ltd. - Right Entitlement

0.05%

ACC Ltd

0.27%

AIA Engineering Ltd

1.83%

GE T&D India Ltd

0.43%

Sanofi India Ltd

0.19%

Fund Managers

  1. Dinesh Balachandran (Sep 2016 - Present)
  2. Milind Agrawal (Jan 2026 - Present)

Key Information

View Scheme Document

SBI ELSS Tax Saver Fund -Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on SBI ELSS Tax Saver Fund -Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI ELSS Tax Saver 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 ELSS Tax Saver 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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