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
₹31.78
0.36%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
24.42%p.a.
Last 1Y
12.85%p.a.
Last 3Y
21.08%p.a.
Last 5Y
21.42%p.a.
Since Inception
About Sundaram Services Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Services Growth scheme from Sundaram Asset Management Company Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Sep 2018, Sundaram Services Growth is Equity - Other fund of its category with 3,875.24 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Sundaram Services Growth delivered 24.4% annual returns during the last year. It has delivered 21.4% average annual returns since the fund was launched.
- Sundaram Services 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 capital appreciation by investing in equity / equity related instruments of companies who drive a majoirty of their income from business predominantly in the Services sector of the economy. however, there can be no assurance that the investment objective of the Scheme will be realized. Services sector includes healthcare, Fitness, tourism & hospitality, transportation & Logistics, education, Staffing, Wealth management, media, Retail, aviation, Legal, architecture, Design services etc.
Top 10 Holdings
Bharti Airtel Ltd
8.10%
HDFC Bank Ltd
5.03%
Bajaj Finance Ltd
4.86%
Reliance Industries Ltd
4.50%
ICICI Bank Ltd
3.87%
Multi Commodity Exchange of India Ltd
3.30%
Axis Bank Ltd
2.94%
Apollo Hospitals Enterprise Ltd
2.82%
ICICI Prudential Life Insurance Co Ltd
2.74%
Cholamandalam Financial Holdings Ltd
2.69%
Fund Managers
- S. Bharath (Jul 2024 - Present)
- Rohit Seksaria (Sep 2018 - Present)
- Pathanjali Srinivasan (Jul 2024 - Present)
Key Information
View Scheme Document
Sundaram Services Growth SIP Calculator
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NRI Mutual Fund Tax on Sundaram Services 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 Services 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 Services 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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