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

INVEST VIA NRE/NRO

Tata Banking & PSU Debt Fund Growth for NRI [13.18]

Min Investment

5,000

Fund Size

207.53 Cr

Expense Ratio

0.7%

Exit Load

0%

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

  1. Amit Somani (Oct 2019 - Present)

Key Information

View Scheme Document

Tata Banking & PSU Debt 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 & PSU Debt 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 & 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

Frequently Asked Questions