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
₹12.43
-0.69%
NAV as on 17 Dec 24, 12:00 AM
very high risk
multi asset allocation
hybrid (nc)
NAV as on 17 Dec 24, 12:00 AM
very high risk
multi asset allocation
hybrid (nc)
11.81%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
17.09%p.a.
Since Inception
About Shriram Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Shriram Multi Asset Allocation Fund Growth scheme from Shriram Asset Management Co Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Sep 2023, Shriram Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 160.49 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Shriram Multi Asset Allocation Fund Growth delivered 11.8% annual returns during the last year. It has delivered 17.1% average annual returns since the fund was launched.
- Shriram 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
The primary objective of the scheme is to generate long term capital appreciation with inflation beating returns by investing in Equity and Equity related securities, Debt and Money Market instruments, Gold/Silver ETFs, and REITs / InvITs. There is no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
Nippon India ETF Gold BeES
12.99%
National Bank For Agriculture And Rural Development
8.86%
Nippon India Silver ETF
3.82%
Sun Pharmaceuticals Industries Ltd
2.84%
Trent Ltd
2.54%
Bharti Airtel Ltd
2.52%
Bosch Ltd
2.18%
Lupin Ltd
2.06%
Torrent Pharmaceuticals Ltd
2.05%
Glenmark Pharmaceuticals Ltd
1.94%
Fund Managers
- Gargi Banerjee (Sep 2023 - Present)
- Deepak Ramaraju (Sep 2023 - Present)
- Sudip More (Oct 2024 - Present)
Key Information
View Scheme Document
Shriram Multi Asset Allocation Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Shriram 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 Shriram 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 Shriram 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
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ICICI Prudential Multi-Asset Fund Growth
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20.0%
Nippon India Multi Asset Allocation Fund Growth
very high risk | equity
16.0%
Aditya Birla Sun Life Multi Asset Allocation Fund Growth
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0.0%
Frequently Asked Questions
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