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
₹435.15
-1.23%
NAV as on 17 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 17 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
15.95%p.a.
Last 1Y
14.61%p.a.
Last 3Y
16.36%p.a.
Last 5Y
16.19%p.a.
Since Inception
About Sundaram Diversified Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Diversified Equity Fund Growth scheme from Sundaram Asset Management Company Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Nov 1999, Sundaram Diversified Equity Fund Growth is ELSS (Tax Savings) fund of its category with 1,558.02 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Sundaram Diversified Equity Fund Growth delivered 15.9% annual returns during the last year. It has delivered 16.2% average annual returns since the fund was launched.
- Sundaram Diversified Equity Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To achieve capital appreciation by investing predominantly in equities and equity-related instruments. A three-year lock-in period shall apply in line with the regulation for ELSS schemes.
Top 10 Holdings
HDFC Bank Ltd
8.05%
ICICI Bank Ltd
7.37%
Infosys Ltd
4.34%
Reliance Industries Ltd
4.18%
Larsen & Toubro Ltd
3.74%
Bharti Airtel Ltd
3.17%
Tata Consultancy Services Ltd
3.15%
Axis Bank Ltd
3.06%
State Bank of India
2.93%
Sun Pharmaceuticals Industries Ltd
2.69%
Fund Managers
- Sudhir Kedia (Jan 2022 - Present)
- Rohit Seksaria (Feb 2021 - Present)
Key Information
View Scheme Document
Sundaram Diversified Equity Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Sundaram Diversified Equity 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 Diversified Equity 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 Diversified Equity 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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SBI Long Term Equity Fund Growth
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26.0%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
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Frequently Asked Questions
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