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

INVEST VIA NRE/NRO

UTI Banking and Financial Services Fund Growth for NRI [170.83]

Min Investment

5,000

Fund Size

1,140.83 Cr

Expense Ratio

2.2%

Exit Load

1%

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

170.83

0.11%

NAV as on 14 Jul 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 14 Jul 24, 12:00 AM

very high risk

sector financial services

equity

24.90%p.a.

Last 1Y

15.20%p.a.

Last 3Y

11.20%p.a.

Last 5Y

15.04%p.a.

Since Inception

About UTI Banking and Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the UTI Banking and Financial Services Fund Growth scheme from UTI Asset Management Co Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Apr 2004, UTI Banking and Financial Services Fund Growth is Sector - Financial Services fund of its category with 1,140.83 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • UTI Banking and Financial Services Fund Growth delivered 24.9% annual returns during the last year. It has delivered 15.0% average annual returns since the fund was launched.
  • UTI Banking and Financial Services 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 objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Top 10 Holdings

HDFC Bank Ltd

21.16%

ICICI Bank Ltd

13.62%

Axis Bank Ltd

7.87%

Bajaj Finance Ltd

5.88%

Shriram Finance Ltd

4.44%

State Bank of India

3.57%

Indian Bank

3.30%

Karur Vysya Bank Ltd

3.28%

REC Ltd

3.14%

India Shelter Finance Corporation Ltd

2.93%

Fund Managers

  1. Preethi S (May 2022 - Present)

Key Information

View Scheme Document

UTI Banking and Financial Services 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 Banking and Financial Services 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 Banking and Financial Services 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 Banking and Financial Services 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