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

INVEST VIA NRE/NRO

Sundaram Balanced Advantage Growth for NRI [33.71]

Min Investment

₹100

Fund Size

₹1,591.2 Cr

Expense Ratio

2.1%

Exit Load

1%

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

₹33.71

-0.02%

NAV as on 17 Nov 24, 12:00 AM

moderately high risk

dynamic asset allocation

equity

NAV as on 17 Nov 24, 12:00 AM

moderately high risk

dynamic asset allocation

equity

18.06%p.a.

Last 1Y

9.90%p.a.

Last 3Y

10.33%p.a.

Last 5Y

9.29%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 1,591.2 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.

  • Sundaram Balanced Advantage Growth delivered 18.1% 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

HDFC Bank Ltd

7.42%

Reliance Industries Ltd

5.36%

ICICI Bank Ltd

4.80%

Infosys Ltd

3.84%

7.1% Govt Stock 2034

3.32%

Bharti Airtel Ltd

2.63%

7.18% Govt Stock 2033

2.33%

Kotak Mahindra Bank Ltd

2.25%

Hdfc Bank Limited November 2024

2.24%

7.23% Govt Stock 2039

2.02%

Fund Managers

  1. Dwijendra Srivastava (Jan 2022 - Present)
  2. S. Bharath (Jan 2022 - Present)
  3. Clyton Fernandes (Oct 2024 - Present)

Key Information

View Scheme Document

Sundaram Balanced Advantage 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 Sundaram Balanced Advantage 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 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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