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
₹13.18
0.03%
NAV as on 17 Jun 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 17 Jun 24, 12:00 AM
low to moderate risk
banking & psu
debt
6.49%p.a.
Last 1Y
4.97%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.05%p.a.
Since Inception
About Tata Banking & PSU Debt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata Banking & PSU Debt Fund Growth scheme from Tata Asset Management Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Oct 2019, Tata Banking & PSU Debt Fund Growth is Banking & PSU fund of its category with 207.53 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Tata Banking & PSU Debt Fund Growth delivered 6.5% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
- Tata Banking & PSU Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Top 10 Holdings
07.82 KA Sdl 2027
12.24%
Indian Railway Finance Corporation Limited
12.12%
National Bank For Agriculture And Rural Development
12.07%
Power Finance Corporation Ltd.
12.07%
Small Industries Development Bank Of India
12.01%
Rural Electrification Corporation Limited
11.99%
Ongc Petro Additions Limited
10.11%
08.29 RJ Sdl 2025jul
1.36%
08.22 KA Sdl 2025
0.41%
SBIMF AIF - CAT II (CDMDF)27/10/2038
0.34%
Fund Managers
- Amit Somani (Oct 2019 - Present)
Key Information
View Scheme Document
Tata Banking & PSU Debt 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 & PSU Debt 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 & PSU Debt 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 & PSU Debt 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 Banking and PSU Debt Growth
low to moderate risk | debt
6.1%
HSBC Banking & PSU Debt fund Growth Option
low to moderate risk | debt
5.0%
SBI Banking and PSU Fund Plan Growth
low to moderate risk | debt
5.7%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved