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

INVEST VIA NRE/NRO

UTI Balanced Advantage Fund Growth for NRI [11.82]

Min Investment

5,000

Fund Size

2,864.65 Cr

Expense Ratio

1.9%

Exit Load

1%

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

11.82

0.38%

NAV as on 14 Jul 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

NAV as on 14 Jul 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

16.90%p.a.

Since Inception

About UTI Balanced Advantage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the UTI Balanced Advantage Fund Growth scheme from UTI Asset Management Co Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Aug 2023, UTI Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 2,864.65 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.

  • UTI Balanced Advantage Fund Growth delivered 0.0% annual returns during the last year. It has delivered 16.9% average annual returns since the fund was launched.
  • UTI Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in hybrid (nc)

Fund Objective

The scheme intends to provide long-term capital appreciation and income by investing in a dynamically managed portfolio of equity and debt instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved

Top 10 Holdings

HDFC Bank Ltd

7.51%

7.06% Govt Stock 2028

6.77%

ICICI Bank Ltd

6.08%

7.38% Govt Stock 2027

3.41%

Reliance Industries Ltd

3.34%

Bharti Airtel Ltd

3.16%

Infosys Ltd

3.01%

Larsen & Toubro Ltd

3.00%

Tata Consultancy Services Ltd

2.86%

NTPC Ltd

2.32%

Fund Managers

  1. Anurag Mittal (Aug 2023 - Present)
  2. Sachin Trivedi (Aug 2023 - Present)

Key Information

View Scheme Document

UTI Balanced Advantage Fund Growth 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 UTI Balanced Advantage Fund Growth

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 UTI Balanced Advantage 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 UTI Balanced Advantage 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

Frequently Asked Questions