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
₹13.69
0.37%
NAV as on 23 Apr 24, 12:00 AM
very high risk
retirement
equity
NAV as on 23 Apr 24, 12:00 AM
very high risk
retirement
equity
40.99%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
22.03%p.a.
Since Inception
About Union Retirement Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Retirement Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Retirement mutual fund scheme that predominantly invests in Retirement stocks of companies. Launched on Sep 2022, Union Retirement Fund Growth is Retirement fund of its category with 120.24 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Retirement funds.
- Union Retirement Fund Growth delivered 41.0% annual returns during the last year. It has delivered 22.0% average annual returns since the fund was launched.
- Union Retirement 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 gains 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 a retirement 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
6.13%
ICICI Bank Ltd
5.25%
HDFC Bank Ltd
4.97%
Larsen & Toubro Ltd
4.73%
Bharti Airtel Ltd
2.88%
State Bank of India
2.67%
Kesoram Industries Ltd
2.65%
TVS Motor Co Ltd
2.36%
Infosys Ltd
2.30%
Tata Motors Ltd Class A
2.20%
Fund Managers
- Hardick Bora (Jan 2023 - Present)
- Sanjay Bembalkar (Sep 2022 - Present)
Key Information
View Scheme Document
Union Retirement 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 Retirement 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 Retirement 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 Retirement 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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SBI Retirement Benefit Fund - Aggressive Plan Growth
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Frequently Asked Questions
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