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
₹10.96
-0.56%
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
13.65%p.a.
Since Inception
About Sundaram Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Multi Asset Allocation Fund Growth scheme from Sundaram Asset Management Company Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Jan 2024, Sundaram Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 2,461.78 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Sundaram Multi Asset Allocation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 13.7% average annual returns since the fund was launched.
- Sundaram Multi Asset Allocation Fund 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 generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments and Gold ETFs.
Top 10 Holdings
Nippon India ETF Gold BeES
6.69%
SBI Gold ETF
6.56%
HDFC Gold ETF
5.30%
7.38% Govt Stock 2027
4.40%
HDFC Bank Ltd
4.30%
Reliance Industries Ltd
4.08%
Kotak Gold ETF
3.84%
Infosys Ltd
3.58%
Bharti Airtel Ltd
3.52%
Mahindra & Mahindra Ltd
3.27%
Fund Managers
- Dwijendra Srivastava (Jan 2024 - Present)
- Sandeep Agarwal (Jan 2024 - Present)
- Rohit Seksaria (Jan 2024 - Present)
- Arjun Nagarajan (Jan 2024 - Present)
- Clyton Fernandes (Oct 2024 - Present)
Key Information
View Scheme Document
Sundaram Multi Asset Allocation Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Sundaram Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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
Kotak Multi Asset Allocation Fund Growth
high risk | equity
0.0%
SBI Multi Asset Allocation Fund Growth
high risk | hybrid (nc)
13.0%
UTI Multi Asset Allocation Fund Plan Growth
high risk | equity
16.2%
Frequently Asked Questions
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