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
₹21.12
-6.29%
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
16.82%p.a.
Last 1Y
14.38%p.a.
Last 3Y
15.04%p.a.
Last 5Y
14.87%p.a.
Since Inception
About Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option for NRIs
NRIs can achieve long-term capital appreciation by investing in the Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option scheme from Shriram Asset Management Co Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Jan 2019, Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option is ELSS (Tax Savings) fund of its category with 53.51 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option delivered 16.8% annual returns during the last year. It has delivered 14.9% average annual returns since the fund was launched.
- Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. 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
Sun Pharmaceuticals Industries Ltd
3.30%
Trent Ltd
3.15%
Bharti Airtel Ltd
2.98%
Bosch Ltd
2.74%
Lupin Ltd
2.57%
Torrent Pharmaceuticals Ltd
2.48%
ICICI Bank Ltd
2.36%
Glenmark Pharmaceuticals Ltd
2.34%
HCL Technologies Ltd
2.31%
Divi's Laboratories Ltd
2.31%
Fund Managers
- Gargi Banerjee (Jan 2019 - Present)
- Deepak Ramaraju (Aug 2022 - Present)
- Sudip More (Oct 2024 - Present)
Key Information
View Scheme Document
Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option SIP Calculator
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NRI Mutual Fund Tax on Shriram ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option
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 ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option?
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 ELSS Tax Saver Fund Payout of Income Distribution cum capital withdrawal option
- 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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