NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Tata Banking & Financial Services Fund Growth for NRI [39.37]

Min Investment

5,000

Fund Size

2,378.01 Cr

Expense Ratio

1.9%

Exit Load

0.25%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

39.37

0.12%

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 18 Dec 24, 12:00 AM

very high risk

sector financial services

equity

10.82%p.a.

Last 1Y

16.60%p.a.

Last 3Y

12.40%p.a.

Last 5Y

16.56%p.a.

Since Inception

About Tata Banking & Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Tata Banking & Financial Services Fund Growth scheme from Tata Asset Management Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Dec 2015, Tata Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 2,378.01 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • Tata Banking & Financial Services Fund Growth delivered 10.8% annual returns during the last year. It has delivered 16.6% average annual returns since the fund was launched.
  • Tata Banking & Financial Services 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 seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.

Top 10 Holdings

HDFC Bank Ltd

23.03%

Axis Bank Ltd

9.57%

ICICI Bank Ltd

9.06%

Kotak Mahindra Bank Ltd

6.20%

State Bank of India

3.42%

PNB Housing Finance Ltd

3.05%

SBI Cards and Payment Services Ltd Ordinary Shares

2.44%

Max Financial Services Ltd

2.43%

HDFC Life Insurance Co Ltd

2.43%

ICICI Lombard General Insurance Co Ltd

2.42%

Fund Managers

  1. Amey Sathe (Oct 2021 - Present)

Key Information

View Scheme Document

Tata Banking & Financial Services Fund Growth SIP Calculator

If invested

5,000

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 Tata Banking & Financial Services Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Tata Banking & Financial Services 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 Tata Banking & Financial Services 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

Frequently Asked Questions