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
₹38.16
-0.33%
NAV as on 21 Nov 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 21 Nov 24, 12:00 AM
very high risk
sector financial services
equity
16.61%p.a.
Last 1Y
12.74%p.a.
Last 3Y
13.01%p.a.
Last 5Y
16.79%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 2,374.28 Cr fund under management as on Nov 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 16.6% annual returns during the last year. It has delivered 16.8% 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
- Amey Sathe (Oct 2021 - Present)
Key Information
View Scheme Document
Tata Banking & Financial Services Fund Growth SIP Calculator
If invested
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 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 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
Similar Funds
Funds
3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
12.6%
SBI Banking & Financial Services Growth
very high risk | equity
15.1%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
16.9%
Frequently Asked Questions
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