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
₹106.07
0.53%
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
40.24%p.a.
Last 1Y
22.89%p.a.
Last 3Y
19.03%p.a.
Last 5Y
12.86%p.a.
Since Inception
About Sundaram Financial Services Opportunities Fund Institutional Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Financial Services Opportunities Fund Institutional Growth scheme from Sundaram Asset Management Company Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Jun 2008, Sundaram Financial Services Opportunities Fund Institutional Growth is Sector - Financial Services fund of its category with 1,171.3 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
- Sundaram Financial Services Opportunities Fund Institutional Growth delivered 40.2% annual returns during the last year. It has delivered 12.9% average annual returns since the fund was launched.
- Sundaram Financial Services Opportunities Fund Institutional Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To seek long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services sector.
Top 10 Holdings
ICICI Bank Ltd
17.50%
HDFC Bank Ltd
15.05%
Axis Bank Ltd
8.06%
State Bank of India
6.20%
Power Finance Corp Ltd
5.10%
Bajaj Finance Ltd
4.34%
Cholamandalam Financial Holdings Ltd
4.18%
Can Fin Homes Ltd
3.72%
Ujjivan Financial Services Limited
3.62%
Shriram Finance Ltd
3.59%
Fund Managers
- Rohit Seksaria (Dec 2017 - Present)
- Ashish Aggarwal (Jan 2022 - Present)
Key Information
View Scheme Document
Sundaram Financial Services Opportunities Fund Institutional Growth SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
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Fixed Deposit
NRI Mutual Fund Tax on Sundaram Financial Services Opportunities Fund Institutional 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 Financial Services Opportunities Fund Institutional 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 Financial Services Opportunities Fund Institutional 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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