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

INVEST VIA NRE/NRO

Shriram Balanced Advantage Fund Growth for NRI [16.66]

Min Investment

₹500

Fund Size

₹59.33 Cr

Expense Ratio

2.3%

Exit Load

1%

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

₹16.66

0.55%

NAV as on 16 Nov 24, 12:00 AM

very high risk

dynamic asset allocation

equity

NAV as on 16 Nov 24, 12:00 AM

very high risk

dynamic asset allocation

equity

14.54%p.a.

Last 1Y

8.06%p.a.

Last 3Y

9.95%p.a.

Last 5Y

10.44%p.a.

Since Inception

About Shriram Balanced Advantage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Shriram Balanced Advantage Fund Growth scheme from Shriram Asset Management Co Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Jul 2019, Shriram Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 59.33 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.

  • Shriram Balanced Advantage Fund Growth delivered 14.5% annual returns during the last year. It has delivered 10.4% average annual returns since the fund was launched.
  • Shriram Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The primary objective of the Scheme is to generate capital appreciation with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities, derivative strategies and debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Top 10 Holdings

Nifty

8.37%

National Bank For Agriculture And Rural Development

6.94%

Sun Pharmaceuticals Industries Ltd

4.63%

Rural Electrification Corporation Limited

4.46%

Trent Ltd

4.46%

Bharti Airtel Ltd

3.78%

Bajaj Auto Ltd

3.58%

6.54% Govt Stock 2032

3.44%

Lupin Ltd

3.41%

Dixon Technologies (India) Ltd

3.01%

Fund Managers

  1. Gargi Banerjee (Jul 2019 - Present)
  2. Deepak Ramaraju (Aug 2022 - Present)
  3. Sudip More (Oct 2024 - Present)

Key Information

View Scheme Document

Shriram Balanced Advantage 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 Shriram Balanced Advantage 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 Shriram Balanced Advantage 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 Shriram Balanced Advantage 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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Shriram Overnight Fund Growth

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0.0%

Shriram Multi Asset Allocation Fund Growth

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Shriram Flexi Cap Fund Growth

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10.9%