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
₹17.54
-0.49%
NAV as on 17 Dec 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
dynamic asset allocation
equity
11.79%p.a.
Last 1Y
11.00%p.a.
Last 3Y
11.08%p.a.
Last 5Y
10.34%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 57.91 Cr fund under management as on Dec 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 11.8% annual returns during the last year. It has delivered 10.3% 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
National Bank For Agriculture And Rural Development
7.02%
Nifty
6.30%
Sun Pharmaceuticals Industries Ltd
4.86%
Bharti Airtel Ltd
4.43%
Rural Electrification Corporation Limited
4.34%
Dixon Technologies (India) Ltd
4.22%
Trent Ltd
3.81%
Mahindra & Mahindra Ltd
3.59%
ICICI Bank Ltd
3.50%
6.54% Govt Stock 2032
3.48%
Fund Managers
- Gargi Banerjee (Jul 2019 - Present)
- Deepak Ramaraju (Aug 2022 - Present)
- Sudip More (Oct 2024 - Present)
Key Information
View Scheme Document
Shriram Balanced Advantage Fund Growth SIP Calculator
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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 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 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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12.9%
Kotak Balanced Advantage Fund Growth
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Frequently Asked Questions
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