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
₹10.57
0.19%
NAV as on 23 Apr 24, 12:00 AM
very high risk
children
equity
NAV as on 23 Apr 24, 12:00 AM
very high risk
children
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.00%p.a.
Since Inception
About Union Children's Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Children's Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Dec 2023, Union Children's Fund Growth is Children fund of its category with 42.54 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.
- Union Children's Fund Growth delivered 0.0% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- Union Children's Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to generate long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Top 10 Holdings
Reliance Industries Ltd
6.29%
ICICI Bank Ltd
5.11%
HDFC Bank Ltd
4.35%
Larsen & Toubro Ltd
3.75%
Infosys Ltd
3.08%
Bharti Airtel Ltd
3.06%
State Bank of India
3.06%
Kesoram Industries Ltd
2.31%
Tata Consultancy Services Ltd
2.26%
TVS Motor Co Ltd
2.23%
Fund Managers
- Parijat Agrawal (Dec 2023 - Present)
- Hardick Bora (Dec 2023 - Present)
- Sanjay Bembalkar (Dec 2023 - Present)
Key Information
View Scheme Document
Union Children's 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 Union Children's 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 Union Children's 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 Union Children's 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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