NRI from all over the world (including 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
₹11.93
0.26%
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
16.38%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
16.32%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 2,977.66 Cr fund under management as on Nov 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 16.4% annual returns during the last year. It has delivered 16.3% 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
8.45%
7.06% Govt Stock 2028
6.61%
ICICI Bank Ltd
4.07%
Reliance Industries Ltd
3.85%
Bharti Airtel Ltd
3.46%
Infosys Ltd
3.35%
Future on HDFC Bank Ltd
3.21%
Larsen & Toubro Ltd
2.96%
Tata Consultancy Services Ltd
2.61%
7.1% Govt Stock 2034
2.56%
Fund Managers
- Anurag Mittal (Aug 2023 - Present)
- Sachin Trivedi (Aug 2023 - Present)
Key Information
View Scheme Document
UTI Balanced Advantage 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 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 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 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
Similar Funds
Funds
3Y Return
DSP Dynamic Asset Allocation Fund Growth
moderately high risk | equity
9.3%
Axis Balanced Advantage Fund Growth
moderately high risk | equity
11.3%
Sundaram Balanced Advantage Growth
moderately high risk | equity
10.1%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved