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
₹54.56
-0.44%
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
hybrid (nc)
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
hybrid (nc)
20.96%p.a.
Last 1Y
12.98%p.a.
Last 3Y
13.80%p.a.
Last 5Y
9.58%p.a.
Since Inception
About SBI Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Multi Asset Allocation Fund Growth scheme from SBI Funds Management Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Dec 2005, SBI Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 6,590.55 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- SBI Multi Asset Allocation Fund Growth delivered 21.0% annual returns during the last year. It has delivered 9.6% average annual returns since the fund was launched.
- SBI Multi Asset Allocation Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund Objective
To provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
Top 10 Holdings
SBI Gold ETF
10.79%
Nippon India Silver ETF
3.82%
7.3% Govt Stock 2053
3.16%
Tata Power Renewable Energy Ltd. (Guaranteed By Tata Power Ltd.)
3.04%
Aditya Birla Renewables Limited
3.04%
SBI Silver ETF
2.85%
Infopark Properties Ltd.
2.44%
Avanse Financial Services Limited
2.27%
HDFC Bank Ltd
1.90%
Sbfc Finance Ltd.
1.89%
Fund Managers
- Dinesh Balachandran (Oct 2021 - Present)
- Mansi Sajeja (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
- Vandna Soni (Jan 2024 - Present)
Key Information
View Scheme Document
SBI Multi Asset Allocation Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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
Similar Funds
Funds
3Y Return
Kotak Multi Asset Allocation Fund Growth
high risk | equity
0.0%
UTI Multi Asset Allocation Fund Plan Growth
high risk | equity
16.2%
HDFC Multi - Asset Growth
high risk | hybrid (nc)
10.8%
Frequently Asked Questions
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