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
₹20.84
0.04%
NAV as on 21 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 21 Nov 24, 12:00 AM
moderate risk
banking & psu
debt
7.84%p.a.
Last 1Y
8.07%p.a.
Last 3Y
7.18%p.a.
Last 5Y
7.04%p.a.
Since Inception
About UTI Banking & PSU Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the UTI Banking & PSU Fund Plan Growth scheme from UTI Asset Management Co Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Feb 2014, UTI Banking & PSU Fund Plan Growth is Banking & PSU fund of its category with 820.41 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- UTI Banking & PSU Fund Plan Growth delivered 7.8% annual returns during the last year. It has delivered 7.0% average annual returns since the fund was launched.
- UTI Banking & PSU Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Top 10 Holdings
7.38% Govt Stock 2027
11.14%
Axis Bank Limited
6.71%
ICICI Bank Limited
6.47%
Export-Import Bank Of India
6.14%
Small Industries Development Bank Of India
6.14%
7.37% Govt Stock 2028
5.60%
Power Finance Corporation Limited
4.92%
Rural Electrification Corporation Limited
4.31%
HDFC Bank Limited
4.27%
Indian Railway Finance Corporation Limited
3.69%
Fund Managers
- Anurag Mittal (Dec 2021 - Present)
Key Information
View Scheme Document
UTI Banking & PSU Fund Plan 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 & PSU Fund Plan 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 & PSU Fund Plan 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 & PSU Fund Plan 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
Axis Banking & PSU Debt Fund Growth
moderate risk | debt
5.8%
Aditya Birla Sun Life Banking & PSU Debt Fund Retail Growth
moderate risk | debt
5.9%
Aditya Birla Sun Life Banking & PSU Debt Fund Growth Plan
moderate risk | debt
5.9%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved