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
₹12.22
0.04%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 18 Dec 24, 12:00 AM
moderate risk
floating rate
debt
7.77%p.a.
Last 1Y
6.38%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.91%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Tata Floating Rate Fund Growth scheme from Tata Asset Management Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Jul 2021, Tata Floating Rate Fund Growth is Floating Rate fund of its category with 147.85 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.
Irs - Sw202404280000017
23.69%
Karnataka (Government of) 7.45%
10.46%
National Housing Bank
10.20%
Rural Electrification Corporation Limited
10.14%
Small Industries Development Bank Of India
10.12%
Reliance Industries Limited
7.13%
7.34% Govt Stock 2064
7.08%
Cholamandalam Investment & Finance Co. Ltd.
6.85%
Irs - Sw202404280000009
6.78%
Indian Railway Finance Corporation Limited
6.76%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
6.8%
moderate risk | debt
6.7%
moderate risk | debt
6.3%