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
₹50.83
-1.00%
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
9.94%p.a.
Last 1Y
14.60%p.a.
Last 3Y
11.24%p.a.
Last 5Y
13.86%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 11.14 Cr fund under management as on Dec 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 9.9% annual returns during the last year. It has delivered 13.9% 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
20.26%
ICICI Bank Ltd
19.71%
State Bank of India
12.25%
Axis Bank Ltd
10.78%
Kotak Mahindra Bank Ltd
8.23%
Bajaj Holdings and Investment Ltd
3.20%
CreditAccess Grameen Ltd Ordinary Shares
2.97%
HDFC Life Insurance Co Ltd
2.58%
IndusInd Bank Ltd
2.51%
Prudent Corporate Advisory Services Ltd
2.38%
Fund Managers
- Anuj Kapil (Jun 2023 - Present)
Key Information
View Scheme Document
Taurus Banking & Financial Services Fund Growth Option 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 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 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 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
Similar Funds
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ICICI Prudential Banking and Financial Services Fund Growth
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14.9%
SBI Banking & Financial Services Growth
very high risk | equity
18.4%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
19.3%
Frequently Asked Questions
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