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
₹43.28
-1.96%
NAV as on 06 Mar 26, 12:00 AM
very high risk
sector financial services
equity
NAV as on 06 Mar 26, 12:00 AM
very high risk
sector financial services
equity
17.54%p.a.
Last 1Y
15.89%p.a.
Last 3Y
12.19%p.a.
Last 5Y
15.45%p.a.
Since Inception
About Tata Banking and Financial Services Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata Banking and Financial Services Fund -Growth scheme from Tata Asset Management Private 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 and Financial Services Fund -Growth is Sector - Financial Services fund of its category with 3,212.85 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
- Tata Banking and Financial Services Fund -Growth delivered 17.5% annual returns during the last year. It has delivered 15.4% average annual returns since the fund was launched.
- Tata Banking and 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
Axis Bank Ltd
9.26%
Bajaj Finance Ltd
2.75%
Bajaj Finserv Ltd
3.10%
City Union Bank Ltd
1.97%
DCB Bank Ltd
1.79%
HDFC Bank Ltd
17.35%
ICICI Bank Ltd
15.82%
Indusind Bank Ltd
2.05%
Kotak Mahindra Bank Ltd
2.87%
Max Financial Services Ltd
1.79%
Fund Managers
- Amey Sathe (Jun 2018 - Present)
- Kapil Malhotra (Oct 2025 - Present)
Key Information
View Scheme Document
Tata Banking and 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 and 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 and 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 and 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
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14.2%
SBI Banking & Financial Services Fund -Growth
very high risk | equity
20.1%
ICICI Prudential Banking and Financial Services Fund Rnvstmnt of Inc Dist cum Cap Wdrl
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0.0%
Frequently Asked Questions
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