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
₹38.99
0.03%
NAV as on 01 May 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 01 May 24, 12:00 AM
moderate risk
banking & psu
debt
6.56%p.a.
Last 1Y
4.66%p.a.
Last 3Y
5.91%p.a.
Last 5Y
7.31%p.a.
Since Inception
About Sundaram Banking & PSU Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Banking & PSU Fund Growth scheme from Sundaram Asset Management Company Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Dec 2004, Sundaram Banking & PSU Fund Growth is Banking & PSU fund of its category with 346 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Sundaram Banking & PSU Fund Growth delivered 6.6% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- Sundaram Banking & PSU Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
Top 10 Holdings
7.18% Govt Stock 2033
10.12%
HDFC Bank Limited
8.65%
Indian Oil Corporation Limited
8.65%
Rural Electrification Corporation Limited
7.20%
Indian Railway Finance Corporation Limited
7.18%
Export Import Bank Of India
7.06%
7.32% Govt Stock 2030
5.82%
Small Industries Development Bank Of India
5.76%
Power Finance Corporation Limited
5.59%
National Bank For Agriculture And Rural Development
4.31%
Fund Managers
- Dwijendra Srivastava (Jul 2010 - Present)
- Sandeep Agarwal (May 2022 - Present)
Key Information
View Scheme Document
Sundaram Banking & PSU Fund Growth SIP Calculator
If invested
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 Banking & PSU 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 Sundaram Banking & PSU 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 Sundaram Banking & PSU 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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Frequently Asked Questions
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