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
₹36.35
0.04%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
corporate bond
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
corporate bond
debt
6.29%p.a.
Last 1Y
4.88%p.a.
Last 3Y
6.94%p.a.
Last 5Y
6.92%p.a.
Since Inception
About Sundaram Corporate Bond Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Corporate Bond Fund - Growth scheme from Sundaram Asset Management Company Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Dec 2004, Sundaram Corporate Bond Fund - Growth is Corporate Bond fund of its category with 756.25 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- Sundaram Corporate Bond Fund - Growth delivered 6.3% annual returns during the last year. It has delivered 6.9% average annual returns since the fund was launched.
- Sundaram Corporate Bond 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 investing predominantly in AA+ and above rated corporate bonds
Top 10 Holdings
7.18% Govt Stock 2033
14.55%
Indian Railway Finance Corporation Limited
9.20%
Small Industries Development Bank Of India
7.87%
7.06% Govt Stock 2028
5.93%
Power Finance Corporation Ltd.
5.28%
National Housing Bank
5.27%
LIC Housing Finance Limited
3.94%
7.32% Govt Stock 2030
3.33%
Rural Electrification Corporation Limited
3.29%
HDFC Bank Limited
3.29%
Fund Managers
- Dwijendra Srivastava (Jul 2010 - Present)
- Sandeep Agarwal (Jun 2012 - Present)
Key Information
View Scheme Document
Sundaram Corporate Bond 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 Corporate Bond 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 Corporate Bond 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 Corporate Bond 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
Similar Funds
Funds
3Y Return
HDFC Corporate Bond Growth
moderate risk | debt
5.4%
ICICI Prudential Corporate Bond Fund Growth
moderate risk | debt
5.9%
Aditya Birla Sun Life Corporate Bond Fund Plan Growth
moderate risk | debt
5.6%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved