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
₹174.77
-1.32%
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
sector financial services
equity
12.89%p.a.
Last 1Y
16.15%p.a.
Last 3Y
10.63%p.a.
Last 5Y
14.83%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 1,170.31 Cr fund under management as on Dec 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 12.9% annual returns during the last year. It has delivered 14.8% 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
ICICI Bank Ltd
18.61%
HDFC Bank Ltd
15.44%
Axis Bank Ltd
6.02%
State Bank of India
5.38%
Shriram Finance Ltd
5.08%
HDFC Life Insurance Co Ltd
3.92%
India Shelter Finance Corporation Ltd
3.91%
Karur Vysya Bank Ltd
3.79%
REC Ltd
3.79%
Nippon Life India Asset Management Ltd Ordinary Shares
3.19%
Fund Managers
- Preethi S (May 2022 - Present)
Key Information
View Scheme Document
UTI Banking and Financial Services 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 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 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 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
Similar Funds
Funds
3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
14.9%
SBI Banking & Financial Services Growth
very high risk | equity
18.4%
Nippon India Banking & Financial Services Fund Growth
very high risk | equity
19.3%
Frequently Asked Questions
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