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
₹1102.34
0.40%
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
7.41%p.a.
Last 1Y
2.97%p.a.
Last 3Y
0.00%p.a.
Last 5Y
3.00%p.a.
Since Inception
About TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal for NRIs
NRIs can achieve long-term capital appreciation by investing in the TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal scheme from Trust Asset Management Private Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Feb 2021, TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal is Banking & PSU fund of its category with 190.34 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal delivered 7.4% annual returns during the last year. It has delivered 3.0% average annual returns since the fund was launched.
- TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realised
Top 10 Holdings
Indian Railway Finance Corporation Limited
10.58%
HDFC Bank Limited
9.99%
National Bank For Agriculture And Rural Development
9.52%
LIC Housing Finance Limited
9.49%
Small Industries Development Bank Of India
9.48%
Power Finance Corp Ltd. 7.6%
8.99%
Rural Electrification Corporation Limited
7.95%
Axis Bank Ltd.
7.36%
7.37% Govt Stock 2028
5.37%
7.04% Govt Stock 2029
5.32%
Fund Managers
- Jalpan Shah (Jun 2024 - Present)
- Neeraj Jain (Apr 2024 - Present)
Key Information
View Scheme Document
TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
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This Fund
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Fixed Deposit
NRI Mutual Fund Tax on TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal
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 TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal?
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 TrustMF Banking & PSU Annually Reinvestment of Income Distribution cum Cap withdrawal
- 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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