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
₹12.13
0.01%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
7.61%p.a.
Last 1Y
6.19%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.93%p.a.
Since Inception
About Tata Floating Rate Fund Growth for NRIs
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 145.81 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Tata Floating Rate Fund Growth delivered 7.6% annual returns during the last year. It has delivered 5.9% average annual returns since the fund was launched.
- Tata Floating Rate 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 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.
Top 10 Holdings
Karnataka (Government of) 7.45%
10.56%
National Housing Bank
10.36%
Small Industries Development Bank Of India
10.27%
Reliance Industries Limited
7.24%
Cholamandalam Investment & Finance Co. Ltd.
6.93%
Shriram Finance Limited
6.88%
Indian Railway Finance Corporation Limited
6.86%
Rural Electrification Corporation Limited
6.86%
Sikka Ports & Terminals Limited
6.77%
Indinfravit Trust
6.63%
Fund Managers
- Akhil Mittal (Jul 2021 - Present)
Key Information
View Scheme Document
Tata Floating Rate 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 Floating Rate 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 Floating Rate 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 Floating Rate 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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Frequently Asked Questions
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