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

INVEST VIA NRE/NRO

Taurus Banking & Financial Services Fund Growth Option for NRI [51.17]

Min Investment

500

Fund Size

11.2 Cr

Expense Ratio

2.5%

Exit Load

0.5%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

51.17

0.06%

NAV as on 14 Jul 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 14 Jul 24, 12:00 AM

very high risk

sector financial services

equity

23.15%p.a.

Last 1Y

16.31%p.a.

Last 3Y

13.98%p.a.

Last 5Y

14.32%p.a.

Since Inception

About Taurus Banking & Financial Services Fund Growth Option for NRIs

NRIs can achieve long-term capital appreciation by investing in the Taurus Banking & Financial Services Fund Growth Option scheme from Taurus Asset Management Company Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on May 2012, Taurus Banking & Financial Services Fund Growth Option is Sector - Financial Services fund of its category with 11.2 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • Taurus Banking & Financial Services Fund Growth Option delivered 23.1% annual returns during the last year. It has delivered 14.3% average annual returns since the fund was launched.
  • Taurus Banking & Financial Services Fund Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The primary objective of the Scheme is to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form a part of the BFSI Sector.

Top 10 Holdings

HDFC Bank Ltd

19.33%

ICICI Bank Ltd

18.00%

State Bank of India

12.56%

Axis Bank Ltd

10.30%

Kotak Mahindra Bank Ltd

6.31%

Bank of India

6.19%

IndusInd Bank Ltd

3.45%

The Federal Bank Ltd

2.70%

Bajaj Holdings and Investment Ltd

2.64%

CreditAccess Grameen Ltd Ordinary Shares

2.37%

Fund Managers

  1. Anuj Kapil (Jun 2023 - Present)

Key Information

View Scheme Document

Taurus Banking & Financial Services Fund Growth Option 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 Taurus Banking & Financial Services Fund Growth Option

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 Taurus Banking & Financial Services Fund Growth Option?

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 Taurus Banking & Financial Services Fund Growth Option
  • 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