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
₹34.68
-0.80%
NAV as on 17 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
NAV as on 17 Dec 24, 12:00 AM
high risk
dynamic asset allocation
equity
15.28%p.a.
Last 1Y
11.47%p.a.
Last 3Y
10.89%p.a.
Last 5Y
9.25%p.a.
Since Inception
About Sundaram Balanced Advantage Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Balanced Advantage Growth scheme from Sundaram Asset Management Company Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Dec 2010, Sundaram Balanced Advantage Growth is Dynamic Asset Allocation fund of its category with 1,539.68 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.
- Sundaram Balanced Advantage Growth delivered 15.3% annual returns during the last year. It has delivered 9.3% average annual returns since the fund was launched.
- Sundaram Balanced Advantage 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 investment objective of the Scheme is to provide accrual income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically. No Guarantee: There is no guarantee or assurance that the investment objective of the scheme will be achieved. Investors are neither being offered any guaranteed / indicated returns nor any guarantee on repayment of capital by the Schemes. There is also no guarantee of capital or return either by the mutual Fund or by the sponsor or by the asset management company.
Top 10 Holdings
Reliance Industries Ltd
5.72%
7.1% Govt Stock 2034
5.64%
HDFC Bank Ltd
5.35%
ICICI Bank Ltd
4.80%
Infosys Ltd
4.16%
Bharti Airtel Ltd
3.71%
Future on Reliance Industries Ltd
2.67%
Kotak Mahindra Bank Ltd
2.56%
Larsen & Toubro Ltd
2.24%
State Bank of India
2.04%
Fund Managers
- Dwijendra Srivastava (Jan 2022 - Present)
- S. Bharath (Jan 2022 - Present)
- Clyton Fernandes (Oct 2024 - Present)
Key Information
View Scheme Document
Sundaram Balanced Advantage Growth SIP Calculator
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NRI Mutual Fund Tax on Sundaram Balanced Advantage 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 Sundaram Balanced Advantage 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 Sundaram Balanced Advantage 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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