+91-22-48913909How Can Hong Kong-Based NRIs Invest in Mutual Funds in India?
Non-Resident Indians (NRIs) living in Hong Kong can benefit from a growing home Economy by Investing in Mutual Funds in India. Since, the time there were headlines of India announced as the sixth largest economy in the World and that put France behind, it caught many NRIs investors’ attention.
Traditionally, Non-Resident Indians have been more comfortable investing in Real Estate in India. But, the growing economy of India has broadened the investment choices for them, especially mutual funds.
NRIs most often prefer investing in mutual funds for two main reasons- one is as they can indirectly participate in stocks via equities and the other is they can earn more returns than Bank savings accounts for a short-term by investing in debt funds. Mutual funds are also a great option for Portfolio diversification. As MFs invest in multiple securities this diversifies the risk.
Mutual Fund Investment for NRIs Living in Hong Kong
To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian bank:
NRE Account
This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.
NRO Account
The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their Income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).
FCNR Account
This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.
Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.
KYC Procedure for Hong Kong NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, Hong Kong NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
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Non-Resident Indian (NRI) Mutual Fund Taxation
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Best Mutual Funds for Hong Kong NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Sub Cat. Franklin India Short Term Income Plan - Retail Plan Growth 192.1 192.1 192.1 47.3 32.5 Short term Bond DSP World Gold Fund Growth 17.9 37.7 73.5 35.4 8.2 15.9 Global SBI PSU Fund Growth 3.5 7.1 -7.6 32 29.8 23.5 Sectoral Invesco India PSU Equity Fund Growth 5.2 10.1 -8.8 31.3 27.6 25.6 Sectoral Franklin India Opportunities Fund Growth 4.8 4.8 1.5 30.2 29.1 37.3 Sectoral HDFC Infrastructure Fund Growth 6.1 7.9 -2.2 29.8 34.1 23 Sectoral ICICI Prudential Infrastructure Fund Growth 6.2 7.6 0.6 29.5 35.9 27.4 Sectoral Nippon India Power and Infra Fund Growth 4.6 6.2 -7.6 29.1 30.6 26.9 Sectoral Franklin Build India Fund Growth 6.1 8.1 -1 28.8 32.8 27.8 Sectoral Bandhan Infrastructure Fund Growth 6.1 5.3 -10.9 27.9 32.9 39.3 Sectoral Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25 Research Highlights & Commentary of 10 Funds showcased
Commentary Franklin India Short Term Income Plan - Retail Plan DSP World Gold Fund SBI PSU Fund Invesco India PSU Equity Fund Franklin India Opportunities Fund HDFC Infrastructure Fund ICICI Prudential Infrastructure Fund Nippon India Power and Infra Fund Franklin Build India Fund Bandhan Infrastructure Fund Point 1 Bottom quartile AUM (₹13 Cr). Bottom quartile AUM (₹1,202 Cr). Upper mid AUM (₹5,427 Cr). Bottom quartile AUM (₹1,439 Cr). Upper mid AUM (₹7,200 Cr). Lower mid AUM (₹2,591 Cr). Highest AUM (₹8,043 Cr). Top quartile AUM (₹7,620 Cr). Upper mid AUM (₹2,968 Cr). Lower mid AUM (₹1,749 Cr). Point 2 Established history (23+ yrs). Established history (17+ yrs). Established history (15+ yrs). Established history (15+ yrs). Oldest track record among peers (25 yrs). Established history (17+ yrs). Established history (19+ yrs). Established history (21+ yrs). Established history (15+ yrs). Established history (14+ yrs). Point 3 Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 3★ (lower mid). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Rating: 4★ (upper mid). Top rated. Rating: 5★ (top quartile). Point 4 Risk profile: Moderate. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Point 5 1Y return: 192.10% (top quartile). 5Y return: 8.19% (bottom quartile). 5Y return: 29.83% (lower mid). 5Y return: 27.56% (bottom quartile). 5Y return: 29.08% (bottom quartile). 5Y return: 34.10% (top quartile). 5Y return: 35.89% (top quartile). 5Y return: 30.64% (lower mid). 5Y return: 32.79% (upper mid). 5Y return: 32.92% (upper mid). Point 6 1M return: 192.10% (top quartile). 3Y return: 35.39% (top quartile). 3Y return: 32.01% (upper mid). 3Y return: 31.34% (upper mid). 3Y return: 30.21% (upper mid). 3Y return: 29.80% (lower mid). 3Y return: 29.47% (lower mid). 3Y return: 29.12% (bottom quartile). 3Y return: 28.76% (bottom quartile). 3Y return: 27.94% (bottom quartile). Point 7 Sharpe: -90.89 (bottom quartile). 1Y return: 73.50% (top quartile). 1Y return: -7.64% (bottom quartile). 1Y return: -8.75% (bottom quartile). 1Y return: 1.53% (upper mid). 1Y return: -2.17% (lower mid). 1Y return: 0.64% (upper mid). 1Y return: -7.56% (lower mid). 1Y return: -1.01% (upper mid). 1Y return: -10.90% (bottom quartile). Point 8 Information ratio: -2.42 (bottom quartile). Alpha: 1.97 (top quartile). Alpha: 0.60 (upper mid). Alpha: 0.81 (top quartile). Alpha: -1.73 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: -7.82 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Point 9 Yield to maturity (debt): 0.00% (top quartile). Sharpe: 1.80 (top quartile). Sharpe: -0.23 (lower mid). Sharpe: -0.23 (upper mid). Sharpe: -0.09 (upper mid). Sharpe: -0.23 (upper mid). Sharpe: 0.01 (top quartile). Sharpe: -0.41 (bottom quartile). Sharpe: -0.29 (lower mid). Sharpe: -0.29 (bottom quartile). Point 10 Modified duration: 0.00 yrs (top quartile). Information ratio: -0.35 (bottom quartile). Information ratio: -0.28 (bottom quartile). Information ratio: -0.15 (lower mid). Information ratio: 1.71 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 1.16 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Franklin India Short Term Income Plan - Retail Plan
DSP World Gold Fund
SBI PSU Fund
Invesco India PSU Equity Fund
Franklin India Opportunities Fund
HDFC Infrastructure Fund
ICICI Prudential Infrastructure Fund
Nippon India Power and Infra Fund
Franklin Build India Fund
Bandhan Infrastructure Fund
*List of funds is based on past 3 Year Returns in decending order.
The objective of the Scheme is to provide investors stable returns by investing in fixed income securities. Below is the key information for Franklin India Short Term Income Plan - Retail Plan Returns up to 1 year are on "The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized." Research Highlights for DSP World Gold Fund Below is the key information for DSP World Gold Fund Returns up to 1 year are on The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs AND others. Research Highlights for SBI PSU Fund Below is the key information for SBI PSU Fund Returns up to 1 year are on To generate capital appreciation by investing in Equity and Equity Related Instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Research Highlights for Invesco India PSU Equity Fund Below is the key information for Invesco India PSU Equity Fund Returns up to 1 year are on The investment objective of Franklin India Opportunities Fund (FIOF) is to generate capital appreciation by capitalizing on the long-term growth opportunities in the Indian economy. Research Highlights for Franklin India Opportunities Fund Below is the key information for Franklin India Opportunities Fund Returns up to 1 year are on To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of infrastructure. Research Highlights for HDFC Infrastructure Fund Below is the key information for HDFC Infrastructure Fund Returns up to 1 year are on To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure development and balance in debt securities and money market instruments. Research Highlights for ICICI Prudential Infrastructure Fund Below is the key information for ICICI Prudential Infrastructure Fund Returns up to 1 year are on (Erstwhile Reliance Diversified Power Sector Fund) The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in the power sector. Research Highlights for Nippon India Power and Infra Fund Below is the key information for Nippon India Power and Infra Fund Returns up to 1 year are on The Scheme seeks to achieve capital appreciation by investing in companies engaged directly or indirectly in infrastructure related activities. Research Highlights for Franklin Build India Fund Below is the key information for Franklin Build India Fund Returns up to 1 year are on The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. However, there can be no assurance that the investment objective of the scheme will be realized. Research Highlights for Bandhan Infrastructure Fund Below is the key information for Bandhan Infrastructure Fund Returns up to 1 year are on 1. Franklin India Short Term Income Plan - Retail Plan
Franklin India Short Term Income Plan - Retail Plan
Growth Launch Date 31 Jan 02 NAV (02 May 25) ₹15,041.3 ↑ 0.11 (0.00 %) Net Assets (Cr) ₹13 on 31 Mar 25 Category Debt - Short term Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0 Sharpe Ratio -90.89 Information Ratio -2.42 Alpha Ratio -6.74 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (0.5%),1 Years and above(NIL) Yield to Maturity 0% Effective Maturity Modified Duration Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,729 31 Jul 22 ₹12,743 31 Jul 23 ₹13,797 31 Jul 24 ₹13,877
Purchase not allowed Returns for Franklin India Short Term Income Plan - Retail Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month 192.1% 3 Month 192.1% 6 Month 192.1% 1 Year 192.1% 3 Year 47.3% 5 Year 32.5% 10 Year 15 Year Since launch 12.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Franklin India Short Term Income Plan - Retail Plan
Name Since Tenure Data below for Franklin India Short Term Income Plan - Retail Plan as on 31 Mar 25
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. DSP World Gold Fund
DSP World Gold Fund
Growth Launch Date 14 Sep 07 NAV (07 Aug 25) ₹34.0465 ↑ 0.59 (1.76 %) Net Assets (Cr) ₹1,202 on 30 Jun 25 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.35 Sharpe Ratio 1.8 Information Ratio -0.35 Alpha Ratio 1.97 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹8,272 31 Jul 22 ₹6,099 31 Jul 23 ₹7,748 31 Jul 24 ₹9,223 31 Jul 25 ₹13,652 Returns for DSP World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month 11.1% 3 Month 17.9% 6 Month 37.7% 1 Year 73.5% 3 Year 35.4% 5 Year 8.2% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 15.9% 2023 7% 2022 -7.7% 2021 -9% 2020 31.4% 2019 35.1% 2018 -10.7% 2017 -4% 2016 52.7% 2015 -18.5% Fund Manager information for DSP World Gold Fund
Name Since Tenure Jay Kothari 1 Mar 13 12.43 Yr. Data below for DSP World Gold Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Basic Materials 94.86% Asset Allocation
Asset Class Value Cash 2.29% Equity 95.12% Debt 0.02% Other 2.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF World Gold I2
Investment Fund | -78% ₹935 Cr 1,610,898
↓ -37,716 VanEck Gold Miners ETF
- | GDX21% ₹255 Cr 573,719 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -1% ₹14 Cr Net Receivables/Payables
CBLO | -0% -₹3 Cr 3. SBI PSU Fund
SBI PSU Fund
Growth Launch Date 7 Jul 10 NAV (08 Aug 25) ₹31.0237 ↑ 0.07 (0.22 %) Net Assets (Cr) ₹5,427 on 30 Jun 25 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆☆ Risk High Expense Ratio 2.3 Sharpe Ratio -0.23 Information Ratio -0.28 Alpha Ratio 0.6 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹14,638 31 Jul 22 ₹15,923 31 Jul 23 ₹22,376 31 Jul 24 ₹41,987 31 Jul 25 ₹37,410 Returns for SBI PSU Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -4.7% 3 Month 3.5% 6 Month 7.1% 1 Year -7.6% 3 Year 32% 5 Year 29.8% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 23.5% 2023 54% 2022 29% 2021 32.4% 2020 -10% 2019 6% 2018 -23.8% 2017 21.9% 2016 16.2% 2015 -11.1% Fund Manager information for SBI PSU Fund
Name Since Tenure Rohit Shimpi 1 Jun 24 1.17 Yr. Data below for SBI PSU Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 34.3% Utility 27.57% Energy 15.13% Industrials 12.97% Basic Materials 5.37% Asset Allocation
Asset Class Value Cash 4.57% Equity 95.34% Debt 0.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN13% ₹704 Cr 8,577,500 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Jun 24 | BEL10% ₹547 Cr 12,975,000
↓ -600,000 GAIL (India) Ltd (Utilities)
Equity, Since 31 May 24 | 5321559% ₹491 Cr 25,750,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | 5328988% ₹454 Cr 15,135,554 NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | 5325557% ₹407 Cr 12,143,244 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 24 | 5005476% ₹322 Cr 9,700,000 Bank of Baroda (Financial Services)
Equity, Since 31 Aug 24 | 5321345% ₹274 Cr 11,000,000 NMDC Ltd (Basic Materials)
Equity, Since 31 Oct 23 | 5263714% ₹195 Cr 27,900,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 24 | OIL3% ₹167 Cr 3,850,000 General Insurance Corp of India (Financial Services)
Equity, Since 31 May 24 | GICRE3% ₹160 Cr 4,150,000 4. Invesco India PSU Equity Fund
Invesco India PSU Equity Fund
Growth Launch Date 18 Nov 09 NAV (08 Aug 25) ₹61.19 ↓ -0.29 (-0.47 %) Net Assets (Cr) ₹1,439 on 30 Jun 25 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 2.39 Sharpe Ratio -0.23 Information Ratio -0.15 Alpha Ratio 0.81 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹14,085 31 Jul 22 ₹14,778 31 Jul 23 ₹20,815 31 Jul 24 ₹39,047 31 Jul 25 ₹34,468 Returns for Invesco India PSU Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -7.4% 3 Month 5.2% 6 Month 10.1% 1 Year -8.8% 3 Year 31.3% 5 Year 27.6% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 25.6% 2023 54.5% 2022 20.5% 2021 31.1% 2020 6.1% 2019 10.1% 2018 -16.9% 2017 24.3% 2016 17.9% 2015 2.5% Fund Manager information for Invesco India PSU Equity Fund
Name Since Tenure Hiten Jain 1 Jul 25 0.08 Yr. Sagar Gandhi 1 Jul 25 0.08 Yr. Data below for Invesco India PSU Equity Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 29.23% Utility 27.15% Financial Services 20.44% Energy 15.81% Basic Materials 4.05% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL9% ₹134 Cr 3,178,489 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 18 | 5005478% ₹114 Cr 3,445,961 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN8% ₹112 Cr 1,365,114 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL8% ₹110 Cr 226,465
↑ 12,941 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | 5328988% ₹108 Cr 3,599,413 NTPC Ltd (Utilities)
Equity, Since 31 May 19 | 5325557% ₹103 Cr 3,085,790 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Nov 23 | HINDPETRO5% ₹69 Cr 1,564,169 NTPC Green Energy Ltd (Utilities)
Equity, Since 30 Nov 24 | NTPCGREEN4% ₹62 Cr 5,911,723 GAIL (India) Ltd (Utilities)
Equity, Since 28 Feb 23 | 5321554% ₹59 Cr 3,089,630 NHPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NHPC4% ₹58 Cr 6,816,616 5. Franklin India Opportunities Fund
Franklin India Opportunities Fund
Growth Launch Date 21 Feb 00 NAV (08 Aug 25) ₹247.008 ↓ -2.29 (-0.92 %) Net Assets (Cr) ₹7,200 on 30 Jun 25 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.12 Sharpe Ratio -0.09 Information Ratio 1.71 Alpha Ratio -1.73 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹16,320 31 Jul 22 ₹16,368 31 Jul 23 ₹21,841 31 Jul 24 ₹36,906 31 Jul 25 ₹36,999 Returns for Franklin India Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -1.8% 3 Month 4.8% 6 Month 4.8% 1 Year 1.5% 3 Year 30.2% 5 Year 29.1% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 37.3% 2023 53.6% 2022 -1.9% 2021 29.7% 2020 27.3% 2019 5.4% 2018 -10.1% 2017 35.6% 2016 4.2% 2015 2.3% Fund Manager information for Franklin India Opportunities Fund
Name Since Tenure Kiran Sebastian 7 Feb 22 3.48 Yr. R. Janakiraman 1 Apr 13 12.34 Yr. Sandeep Manam 18 Oct 21 3.79 Yr. Data below for Franklin India Opportunities Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Consumer Cyclical 18.52% Financial Services 17.94% Health Care 12.34% Technology 9.85% Basic Materials 8.68% Communication Services 6.9% Energy 6.33% Consumer Defensive 4.94% Industrials 4.27% Utility 2.95% Real Estate 2.17% Asset Allocation
Asset Class Value Cash 5.1% Equity 94.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE6% ₹456 Cr 3,038,968 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 24 | HDFCBANK6% ₹409 Cr 2,043,971 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 25 | 5322155% ₹354 Cr 2,950,277
↑ 1,002,248 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 24 | BHARTIARTL4% ₹270 Cr 1,342,233 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 5433204% ₹268 Cr 10,130,262
↑ 3,731,849 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 24 | HINDUNILVR4% ₹257 Cr 1,121,657 NTPC Ltd (Utilities)
Equity, Since 31 Aug 22 | 5325553% ₹212 Cr 6,333,312
↑ 3,900,867 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 25 | MARUTI3% ₹210 Cr 169,582
↑ 86,684 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jul 24 | HDFCLIFE3% ₹208 Cr 2,560,258
↑ 447,066 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | M&M3% ₹203 Cr 637,966 6. HDFC Infrastructure Fund
HDFC Infrastructure Fund
Growth Launch Date 10 Mar 08 NAV (08 Aug 25) ₹46.767 ↓ -0.20 (-0.43 %) Net Assets (Cr) ₹2,591 on 30 Jun 25 Category Equity - Sectoral AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.31 Sharpe Ratio -0.23 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹18,825 31 Jul 22 ₹20,454 31 Jul 23 ₹29,022 31 Jul 24 ₹48,197 31 Jul 25 ₹45,754 Returns for HDFC Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -3.2% 3 Month 6.1% 6 Month 7.9% 1 Year -2.2% 3 Year 29.8% 5 Year 34.1% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2024 23% 2023 55.4% 2022 19.3% 2021 43.2% 2020 -7.5% 2019 -3.4% 2018 -29% 2017 43.3% 2016 -1.9% 2015 -2.5% Fund Manager information for HDFC Infrastructure Fund
Name Since Tenure Srinivasan Ramamurthy 12 Jan 24 1.55 Yr. Dhruv Muchhal 22 Jun 23 2.11 Yr. Data below for HDFC Infrastructure Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 39.21% Financial Services 19.99% Basic Materials 10.82% Utility 6.94% Energy 6.55% Communication Services 3.93% Real Estate 2.13% Health Care 1.68% Technology 1.43% Consumer Cyclical 0.5% Asset Allocation
Asset Class Value Cash 6.83% Equity 93.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | 5321747% ₹188 Cr 1,300,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 23 | HDFCBANK5% ₹140 Cr 700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT5% ₹139 Cr 380,000 J Kumar Infraprojects Ltd (Industrials)
Equity, Since 31 Oct 15 | JKIL4% ₹101 Cr 1,400,000
↓ -50,000 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 23 | KPIL4% ₹93 Cr 758,285 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Dec 21 | INDIGO3% ₹90 Cr 150,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 24 | RELIANCE3% ₹75 Cr 500,000 NTPC Ltd (Utilities)
Equity, Since 31 Dec 17 | 5325553% ₹74 Cr 2,200,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 20 | BHARTIARTL3% ₹70 Cr 350,000 G R Infraprojects Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433172% ₹62 Cr 470,000 7. ICICI Prudential Infrastructure Fund
ICICI Prudential Infrastructure Fund
Growth Launch Date 31 Aug 05 NAV (08 Aug 25) ₹190.55 ↓ -0.94 (-0.49 %) Net Assets (Cr) ₹8,043 on 30 Jun 25 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 0.01 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹17,880 31 Jul 22 ₹21,387 31 Jul 23 ₹30,280 31 Jul 24 ₹49,231 31 Jul 25 ₹48,059 Returns for ICICI Prudential Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -4.5% 3 Month 6.2% 6 Month 7.6% 1 Year 0.6% 3 Year 29.5% 5 Year 35.9% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 27.4% 2023 44.6% 2022 28.8% 2021 50.1% 2020 3.6% 2019 2.6% 2018 -14% 2017 40.8% 2016 2% 2015 -3.4% Fund Manager information for ICICI Prudential Infrastructure Fund
Name Since Tenure Ihab Dalwai 3 Jun 17 8.17 Yr. Sharmila D’mello 30 Jun 22 3.09 Yr. Data below for ICICI Prudential Infrastructure Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 38.68% Basic Materials 16.98% Financial Services 16.27% Utility 9.82% Energy 7.24% Real Estate 2.75% Consumer Cyclical 1.63% Communication Services 1.14% Asset Allocation
Asset Class Value Cash 5.5% Equity 94.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 09 | LT9% ₹727 Cr 1,980,204
↓ -150,000 NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 5325554% ₹358 Cr 10,679,473
↑ 3,079,473 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 24 | ADANIPORTS4% ₹329 Cr 2,268,659
↓ -200,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 23 | RELIANCE4% ₹290 Cr 1,929,725
↑ 266,998 NCC Ltd (Industrials)
Equity, Since 31 Aug 21 | NCC4% ₹289 Cr 12,522,005 Vedanta Ltd (Basic Materials)
Equity, Since 31 Jul 24 | 5002954% ₹284 Cr 6,158,750
↑ 935,088 JM Financial Ltd (Financial Services)
Equity, Since 31 Oct 21 | JMFINANCIL3% ₹247 Cr 15,506,510
↓ -2,256,731 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹227 Cr 1,896,057
↑ 400,000 Kalpataru Projects International Ltd (Industrials)
Equity, Since 30 Sep 06 | KPIL3% ₹221 Cr 1,803,566
↓ -100,000 AIA Engineering Ltd (Industrials)
Equity, Since 28 Feb 21 | AIAENG3% ₹219 Cr 660,770
↑ 120,000 8. Nippon India Power and Infra Fund
Nippon India Power and Infra Fund
Growth Launch Date 8 May 04 NAV (08 Aug 25) ₹334.107 ↓ -4.29 (-1.27 %) Net Assets (Cr) ₹7,620 on 30 Jun 25 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.05 Sharpe Ratio -0.41 Information Ratio 1.16 Alpha Ratio -7.82 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹16,368 31 Jul 22 ₹17,458 31 Jul 23 ₹25,631 31 Jul 24 ₹44,060 31 Jul 25 ₹39,686 Returns for Nippon India Power and Infra Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -5.8% 3 Month 4.6% 6 Month 6.2% 1 Year -7.6% 3 Year 29.1% 5 Year 30.6% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2024 26.9% 2023 58% 2022 10.9% 2021 48.9% 2020 10.8% 2019 -2.9% 2018 -21.1% 2017 61.7% 2016 0.1% 2015 0.3% Fund Manager information for Nippon India Power and Infra Fund
Name Since Tenure Kinjal Desai 25 May 18 7.19 Yr. Rahul Modi 19 Aug 24 0.95 Yr. Data below for Nippon India Power and Infra Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 37.54% Utility 22.35% Energy 9.61% Basic Materials 7.42% Communication Services 7.35% Consumer Cyclical 5.62% Real Estate 3% Financial Services 2.24% Health Care 2% Technology 1.87% Asset Allocation
Asset Class Value Cash 1.01% Equity 98.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE8% ₹630 Cr 4,200,000 NTPC Ltd (Utilities)
Equity, Since 31 May 09 | 5325557% ₹559 Cr 16,699,999
↑ 799,999 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 18 | BHARTIARTL7% ₹522 Cr 2,600,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 07 | LT6% ₹482 Cr 1,314,337
↓ -30,000 Tata Power Co Ltd (Utilities)
Equity, Since 30 Apr 23 | 5004004% ₹320 Cr 7,900,789 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 24 | 5001033% ₹232 Cr 8,713,730 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Sep 24 | 5000933% ₹212 Cr 3,107,923 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | 5325383% ₹212 Cr 175,000 Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES3% ₹205 Cr 336,227 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Sep 23 | CARBORUNIV2% ₹174 Cr 1,800,000 9. Franklin Build India Fund
Franklin Build India Fund
Growth Launch Date 4 Sep 09 NAV (08 Aug 25) ₹138.945 ↓ -1.09 (-0.78 %) Net Assets (Cr) ₹2,968 on 30 Jun 25 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.13 Sharpe Ratio -0.29 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹17,587 31 Jul 22 ₹19,236 31 Jul 23 ₹26,244 31 Jul 24 ₹44,020 31 Jul 25 ₹42,375 Returns for Franklin Build India Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -3.4% 3 Month 6.1% 6 Month 8.1% 1 Year -1% 3 Year 28.8% 5 Year 32.8% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2024 27.8% 2023 51.1% 2022 11.2% 2021 45.9% 2020 5.4% 2019 6% 2018 -10.7% 2017 43.3% 2016 8.4% 2015 2.1% Fund Manager information for Franklin Build India Fund
Name Since Tenure Ajay Argal 18 Oct 21 3.79 Yr. Kiran Sebastian 7 Feb 22 3.48 Yr. Sandeep Manam 18 Oct 21 3.79 Yr. Data below for Franklin Build India Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 36.15% Energy 12.74% Utility 12.5% Financial Services 11.47% Communication Services 8.4% Basic Materials 6.9% Real Estate 3.07% Consumer Cyclical 2.66% Technology 1.91% Asset Allocation
Asset Class Value Cash 4.19% Equity 95.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 20 | LT8% ₹244 Cr 665,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE6% ₹180 Cr 1,200,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 29 Feb 20 | INDIGO6% ₹179 Cr 300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | 5321746% ₹173 Cr 1,200,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 19 | 5003125% ₹147 Cr 6,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 09 | BHARTIARTL5% ₹143 Cr 710,000 NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | 5325555% ₹138 Cr 4,125,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | 5322154% ₹120 Cr 1,000,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 21 | 5328984% ₹108 Cr 3,600,000 Tata Power Co Ltd (Utilities)
Equity, Since 31 Jan 25 | 5004003% ₹81 Cr 2,000,000 10. Bandhan Infrastructure Fund
Bandhan Infrastructure Fund
Growth Launch Date 8 Mar 11 NAV (08 Aug 25) ₹49.006 ↓ -0.53 (-1.06 %) Net Assets (Cr) ₹1,749 on 30 Jun 25 Category Equity - Sectoral AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.33 Sharpe Ratio -0.3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹20,043 31 Jul 22 ₹19,974 31 Jul 23 ₹27,326 31 Jul 24 ₹49,920 31 Jul 25 ₹43,568 Returns for Bandhan Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month -4.9% 3 Month 6.1% 6 Month 5.3% 1 Year -10.9% 3 Year 27.9% 5 Year 32.9% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 39.3% 2023 50.3% 2022 1.7% 2021 64.8% 2020 6.3% 2019 -5.3% 2018 -25.9% 2017 58.7% 2016 10.7% 2015 -0.2% Fund Manager information for Bandhan Infrastructure Fund
Name Since Tenure Vishal Biraia 24 Jan 24 1.52 Yr. Ritika Behera 7 Oct 23 1.82 Yr. Gaurav Satra 7 Jun 24 1.15 Yr. Data below for Bandhan Infrastructure Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Industrials 53.42% Utility 12.27% Basic Materials 7.58% Communication Services 4.88% Energy 3.88% Financial Services 3.7% Technology 2.53% Health Care 1.87% Consumer Cyclical 1.71% Real Estate 0.63% Asset Allocation
Asset Class Value Cash 7.52% Equity 92.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kirloskar Brothers Ltd (Industrials)
Equity, Since 31 Dec 17 | KIRLOSBROS6% ₹105 Cr 443,385 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹76 Cr 206,262
↑ 23,089 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 24 | RELIANCE4% ₹68 Cr 452,706 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL4% ₹66 Cr 330,018 GPT Infraprojects Ltd (Industrials)
Equity, Since 30 Nov 17 | GPTINFRA4% ₹61 Cr 4,782,533
↓ -14,610 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | 5325383% ₹61 Cr 50,452 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 19 | BEL3% ₹60 Cr 1,431,700 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Dec 23 | ADANIPORTS3% ₹53 Cr 365,137 PTC India Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 23 | PFS3% ₹53 Cr 12,400,122 KEC International Ltd (Industrials)
Equity, Since 30 Jun 24 | 5327143% ₹47 Cr 512,915
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