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
₹38.14
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
money market
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
money market
debt
7.05%p.a.
Last 1Y
5.29%p.a.
Last 3Y
5.58%p.a.
Last 5Y
7.00%p.a.
Since Inception
About SBI Savings Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Savings Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jul 2004, SBI Savings Fund Plan Growth is Money Market fund of its category with 21,272.92 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- SBI Savings Fund Plan Growth delivered 7.0% annual returns during the last year. It has delivered 7.0% average annual returns since the fund was launched.
- SBI Savings Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To provide the investors an opportunity to invest in money market instruments.
Top 10 Holdings
07.38% MP Sdl 2025
3.70%
Panatone Finvest Ltd
2.66%
07.52 GJ Sgs 2025
2.33%
RBL Bank Ltd.
2.24%
Punjab & Sind Bank
2.20%
IDBI Bank Ltd
2.20%
08.12 AS Sdl 2025
1.90%
08.97 KA Sdl 2024
1.79%
Kotak Mahindra Bank Ltd.
1.71%
Union Bank of India
1.65%
Fund Managers
- Rajeev Radhakrishnan (Dec 2023 - Present)
- R. Arun (Apr 2012 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Savings Fund Plan Growth SIP Calculator
If invested
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 Savings Fund Plan 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 Savings Fund Plan 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 Savings Fund Plan 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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