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
₹1435.66
0.04%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 18 Dec 24, 12:00 AM
moderate risk
floating rate
debt
6.98%p.a.
Last 1Y
5.81%p.a.
Last 3Y
5.60%p.a.
Last 5Y
6.07%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the UTI Floater Growth scheme from UTI Asset Management Co Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Oct 2018, UTI Floater Growth is Floating Rate fund of its category with 1,424.76 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
The investment objective of the scheme is to generate reasonable returns and reduce interest rate risk by investing in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Power Finance Corporation Limited
8.84%
Indian Railway Finance Corporation Limited
5.26%
Small Industries Development Bank Of India
5.26%
National Bank For Agriculture And Rural Development
5.25%
LIC Housing Finance Ltd
4.23%
364 DTB 13022025
4.17%
Small Industries Development Bank Of India
3.53%
National Housing Bank
3.53%
Rural Electrification Corporation Limited
3.52%
Bajaj Finance Limited
3.52%
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
6.8%
moderate risk | debt
6.7%
moderate risk | debt
6.3%