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
₹19.92
0.00%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
banking & psu
debt
6.16%p.a.
Last 1Y
7.10%p.a.
Last 3Y
7.29%p.a.
Last 5Y
7.00%p.a.
Since Inception
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 946.59 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
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.
7.38% Govt Stock 2027
12.73%
Rural Electrification Corporation Limited
6.35%
Axis Bank Limited
5.78%
ICICI Bank Limited
5.54%
Export-Import Bank of India
5.26%
Power Finance Corporation Limited
4.22%
HDFC Bank Limited
4.22%
Indian Railway Finance Corporation Limited
3.18%
National Bank For Agriculture And Rural Development
3.15%
National Bank For Agriculture And Rural Development
2.70%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
5.0%
moderate risk | debt
5.2%
moderate risk | debt
5.2%