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

INVEST VIA NRE/NRO

UTI Floater Growth for NRI [1394.90]

Min Investment

500

Fund Size

1,382.47 Cr

Expense Ratio

0.8%

Exit Load

0%

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

1394.90

0.02%

NAV as on 14 Jul 24, 12:00 AM

low to moderate risk

floating rate

debt

NAV as on 14 Jul 24, 12:00 AM

low to moderate risk

floating rate

debt

6.80%p.a.

Last 1Y

5.29%p.a.

Last 3Y

5.64%p.a.

Last 5Y

5.99%p.a.

Since Inception

About UTI Floater Growth for NRIs

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 1,382.47 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.

  • UTI Floater Growth delivered 6.8% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
  • UTI Floater 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 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.

Top 10 Holdings

ICICI Bank Ltd.

8.62%

Kotak Mahindra Bank Ltd.

8.58%

India (Republic of)

5.70%

Small Industries Development Bank Of India

5.40%

Indian Railway Finance Corporation Limited

5.40%

National Bank For Agriculture And Rural Development

5.40%

HDFC Bank Ltd.

5.18%

Tata Capital Limited

4.34%

Power Finance Corporation Ltd.

3.65%

Power Finance Corporation Limited

3.62%

Fund Managers

  1. Sudhir Agarwal (Oct 2018 - Present)

Key Information

View Scheme Document

UTI Floater 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 Floater 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 Floater 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 Floater 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