+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 26.2 51.2 78.7 46.3 12.7 15.9 Global SBI PSU Fund Growth 3 12 0.4 29.7 31.1 23.5 Sectoral Franklin India Opportunities Fund Growth 5.9 18.5 1.4 29.4 28.8 37.3 Sectoral Invesco India PSU Equity Fund Growth 2.4 17.3 0.9 29.3 28.7 25.6 Sectoral SBI Gold Fund Growth 10.2 23.1 46.4 29 14.9 19.6 Gold IDBI Gold Fund Growth 10.5 22.6 47.5 28.8 15.1 18.7 Gold ICICI Prudential Regular Gold Savings Fund Growth 10.1 22.9 46.4 28.8 14.7 19.5 Gold Nippon India Gold Savings Fund Growth 10.2 22.7 46.3 28.7 14.6 19 Gold HDFC Gold Fund Growth 10.2 23.1 46.2 28.7 14.7 18.9 Gold 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 Franklin India Opportunities Fund Invesco India PSU Equity Fund SBI Gold Fund IDBI Gold Fund ICICI Prudential Regular Gold Savings Fund Nippon India Gold Savings Fund HDFC Gold Fund Point 1 Bottom quartile AUM (₹13 Cr). Lower mid AUM (₹1,421 Cr). Upper mid AUM (₹5,179 Cr). Highest AUM (₹7,509 Cr). Bottom quartile AUM (₹1,341 Cr). Top quartile AUM (₹5,221 Cr). Bottom quartile AUM (₹254 Cr). Lower mid AUM (₹2,603 Cr). Upper mid AUM (₹3,439 Cr). Upper mid AUM (₹4,915 Cr). Point 2 Established history (23+ yrs). Established history (18+ yrs). Established history (15+ yrs). Oldest track record among peers (25 yrs). Established history (15+ yrs). Established history (14+ yrs). Established history (13+ yrs). Established history (13+ yrs). Established history (14+ yrs). Established history (13+ yrs). Point 3 Rating: 2★ (upper mid). Top rated. Rating: 2★ (upper mid). Rating: 3★ (top quartile). Rating: 3★ (upper mid). Rating: 2★ (lower mid). Not Rated. Rating: 1★ (bottom quartile). Rating: 2★ (lower mid). Rating: 1★ (bottom quartile). Point 4 Risk profile: Moderate. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 1Y return: 192.10% (top quartile). 5Y return: 12.66% (bottom quartile). 5Y return: 31.11% (top quartile). 5Y return: 28.77% (upper mid). 5Y return: 28.71% (upper mid). 5Y return: 14.91% (lower mid). 5Y return: 15.13% (upper mid). 5Y return: 14.75% (lower mid). 5Y return: 14.61% (bottom quartile). 5Y return: 14.74% (bottom quartile). Point 6 1M return: 192.10% (top quartile). 3Y return: 46.30% (top quartile). 3Y return: 29.70% (upper mid). 3Y return: 29.38% (upper mid). 3Y return: 29.26% (upper mid). 3Y return: 28.99% (lower mid). 3Y return: 28.81% (lower mid). 3Y return: 28.81% (bottom quartile). 3Y return: 28.74% (bottom quartile). 3Y return: 28.74% (bottom quartile). Point 7 Sharpe: -90.89 (bottom quartile). 1Y return: 78.68% (top quartile). 1Y return: 0.37% (bottom quartile). 1Y return: 1.36% (bottom quartile). 1Y return: 0.88% (bottom quartile). 1Y return: 46.45% (upper mid). 1Y return: 47.49% (upper mid). 1Y return: 46.40% (upper mid). 1Y return: 46.26% (lower mid). 1Y return: 46.20% (lower mid). Point 8 Information ratio: -2.42 (bottom quartile). Alpha: 3.15 (top quartile). Alpha: -0.35 (bottom quartile). Alpha: 2.40 (upper mid). Alpha: 5.81 (top quartile). 1M return: 10.85% (upper mid). 1M return: 10.27% (lower mid). 1M return: 10.84% (upper mid). 1M return: 10.87% (upper mid). 1M return: 10.79% (lower mid). Point 9 Yield to maturity (debt): 0.00% (top quartile). Sharpe: 1.80 (lower mid). Sharpe: -0.81 (bottom quartile). Sharpe: -0.43 (lower mid). Sharpe: -0.58 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Point 10 Modified duration: 0.00 yrs (top quartile). Information ratio: -1.09 (bottom quartile). Information ratio: -0.37 (lower mid). Information ratio: 1.75 (top quartile). Information ratio: -0.46 (bottom quartile). Sharpe: 2.58 (top quartile). Sharpe: 2.38 (upper mid). Sharpe: 2.55 (top quartile). Sharpe: 2.52 (upper mid). Sharpe: 2.55 (upper mid). Franklin India Short Term Income Plan - Retail Plan
DSP World Gold Fund
SBI PSU Fund
Franklin India Opportunities Fund
Invesco India PSU Equity Fund
SBI Gold Fund
IDBI Gold Fund
ICICI Prudential Regular Gold Savings Fund
Nippon India Gold Savings Fund
HDFC Gold 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 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 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 scheme seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold (Previously known as SBI GETS). Research Highlights for SBI Gold Fund Below is the key information for SBI Gold Fund Returns up to 1 year are on The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund (IDBI GOLD ETF). Research Highlights for IDBI Gold Fund Below is the key information for IDBI Gold Fund Returns up to 1 year are on ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF).
However, there can be no assurance that the investment objectives of the Scheme will be realized. Research Highlights for ICICI Prudential Regular Gold Savings Fund Below is the key information for ICICI Prudential Regular Gold Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES. Research Highlights for Nippon India Gold Savings Fund Below is the key information for Nippon India Gold Savings Fund Returns up to 1 year are on To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF). Research Highlights for HDFC Gold Fund Below is the key information for HDFC Gold 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 Aug 20 ₹10,000 31 Aug 21 ₹11,291 31 Aug 22 ₹13,279 31 Aug 23 ₹14,459 31 Aug 24 ₹14,459
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 (18 Sep 25) ₹39.8546 ↓ -0.26 (-0.65 %) Net Assets (Cr) ₹1,421 on 31 Aug 25 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.41 Sharpe Ratio 1.8 Information Ratio -1.09 Alpha Ratio 3.15 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 Aug 20 ₹10,000 31 Aug 21 ₹7,754 31 Aug 22 ₹5,954 31 Aug 23 ₹7,515 31 Aug 24 ₹9,830 31 Aug 25 ₹16,461 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 17.3% 3 Month 26.2% 6 Month 51.2% 1 Year 78.7% 3 Year 46.3% 5 Year 12.7% 10 Year 15 Year Since launch 8% 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 12.51 Yr. Data below for DSP World Gold Fund as on 31 Aug 25
Equity Sector Allocation
Sector Value Basic Materials 95.27% Asset Allocation
Asset Class Value Cash 1.87% Equity 95.34% Debt 0.01% Other 2.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF World Gold I2
Investment Fund | -78% ₹942 Cr 1,578,535
↓ -32,363 VanEck Gold Miners ETF
- | GDX21% ₹259 Cr 573,719 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -1% ₹13 Cr Net Receivables/Payables
Net Current Assets | -0% -₹2 Cr 3. SBI PSU Fund
SBI PSU Fund
Growth Launch Date 7 Jul 10 NAV (19 Sep 25) ₹32.2623 ↑ 0.09 (0.27 %) Net Assets (Cr) ₹5,179 on 31 Aug 25 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆☆ Risk High Expense Ratio 1.89 Sharpe Ratio -0.81 Information Ratio -0.37 Alpha Ratio -0.35 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 Aug 20 ₹10,000 31 Aug 21 ₹14,312 31 Aug 22 ₹16,867 31 Aug 23 ₹22,201 31 Aug 24 ₹40,343 31 Aug 25 ₹35,635 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 2.9% 3 Month 3% 6 Month 12% 1 Year 0.4% 3 Year 29.7% 5 Year 31.1% 10 Year 15 Year Since launch 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 1.25 Yr. Data below for SBI PSU Fund as on 31 Aug 25
Equity Sector Allocation
Sector Value Financial Services 34.8% Utility 29.58% Energy 15.36% Industrials 12.07% Basic Materials 5.49% Asset Allocation
Asset Class Value Cash 2.6% Equity 97.31% Debt 0.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN14% ₹735 Cr 9,227,500
↑ 650,000 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Jun 24 | BEL9% ₹497 Cr 12,975,000 NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | 5325559% ₹486 Cr 14,543,244
↑ 2,400,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | 5328989% ₹481 Cr 16,535,554
↑ 1,400,000 GAIL (India) Ltd (Utilities)
Equity, Since 31 May 24 | 5321559% ₹458 Cr 25,750,000 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 24 | 5005476% ₹319 Cr 9,700,000 Bank of Baroda (Financial Services)
Equity, Since 31 Aug 24 | 5321345% ₹262 Cr 11,000,000 NMDC Ltd (Basic Materials)
Equity, Since 31 Oct 23 | 5263714% ₹198 Cr 27,900,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 24 | OIL3% ₹169 Cr 3,850,000 General Insurance Corp of India (Financial Services)
Equity, Since 31 May 24 | 5407553% ₹163 Cr 4,150,000 4. Franklin India Opportunities Fund
Franklin India Opportunities Fund
Growth Launch Date 21 Feb 00 NAV (18 Sep 25) ₹261.537 ↑ 1.31 (0.50 %) Net Assets (Cr) ₹7,509 on 31 Aug 25 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.83 Sharpe Ratio -0.43 Information Ratio 1.75 Alpha Ratio 2.4 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 Aug 20 ₹10,000 31 Aug 21 ₹16,290 31 Aug 22 ₹16,765 31 Aug 23 ₹21,341 31 Aug 24 ₹35,884 31 Aug 25 ₹35,247 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 3.1% 3 Month 5.9% 6 Month 18.5% 1 Year 1.4% 3 Year 29.4% 5 Year 28.8% 10 Year 15 Year Since launch 13.6% 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 3.57 Yr. R. Janakiraman 1 Apr 13 12.43 Yr. Sandeep Manam 18 Oct 21 3.87 Yr. Data below for Franklin India Opportunities Fund as on 31 Aug 25
Equity Sector Allocation
Sector Value Financial Services 19.78% Consumer Cyclical 18.45% Health Care 14.12% Technology 11.61% Basic Materials 9.22% Communication Services 5.73% Energy 5.1% Industrials 4.14% Utility 2.87% Consumer Defensive 1.83% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 6.31% Equity 93.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 24 | HDFCBANK6% ₹413 Cr 2,043,971 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE5% ₹376 Cr 2,707,279
↓ -331,689 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 25 | 5322154% ₹315 Cr 2,950,277 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 5433204% ₹294 Cr 9,548,090
↓ -582,172 Mphasis Ltd (Technology)
Equity, Since 30 Nov 24 | 5262993% ₹227 Cr 814,231
↑ 103,698 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 24 | BHARTIARTL3% ₹222 Cr 1,158,502
↓ -183,731 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 25 | MARUTI3% ₹214 Cr 169,582 NTPC Ltd (Utilities)
Equity, Since 31 Aug 22 | 5325553% ₹212 Cr 6,333,312 Sudarshan Chemical Industries Ltd (Basic Materials)
Equity, Since 30 Apr 24 | SUDARSCHEM3% ₹206 Cr 1,435,340 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | M&M3% ₹204 Cr 637,966 5. Invesco India PSU Equity Fund
Invesco India PSU Equity Fund
Growth Launch Date 18 Nov 09 NAV (19 Sep 25) ₹64.47 ↑ 0.31 (0.48 %) Net Assets (Cr) ₹1,341 on 31 Aug 25 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 2.14 Sharpe Ratio -0.58 Information Ratio -0.46 Alpha Ratio 5.81 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 Aug 20 ₹10,000 31 Aug 21 ₹14,116 31 Aug 22 ₹15,840 31 Aug 23 ₹20,143 31 Aug 24 ₹37,355 31 Aug 25 ₹32,909 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 3.9% 3 Month 2.4% 6 Month 17.3% 1 Year 0.9% 3 Year 29.3% 5 Year 28.7% 10 Year 15 Year Since launch 12.5% 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 0.17 Yr. Sagar Gandhi 1 Jul 25 0.17 Yr. Data below for Invesco India PSU Equity Fund as on 31 Aug 25
Equity Sector Allocation
Sector Value Utility 27.91% Industrials 27.8% Financial Services 21.95% Energy 16.03% Basic Materials 3.99% Asset Allocation
Asset Class Value Cash 2.33% Equity 97.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL9% ₹122 Cr 3,178,489 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN8% ₹114 Cr 1,426,314
↑ 61,200 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 18 | 5005478% ₹113 Cr 3,445,961 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | 5328988% ₹105 Cr 3,599,413 NTPC Ltd (Utilities)
Equity, Since 31 May 19 | 5325557% ₹103 Cr 3,085,790 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL7% ₹103 Cr 226,465 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Nov 23 | HINDPETRO5% ₹65 Cr 1,564,169 NHPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NHPC5% ₹64 Cr 7,649,437
↑ 832,821 NTPC Green Energy Ltd (Utilities)
Equity, Since 30 Nov 24 | NTPCGREEN4% ₹62 Cr 5,911,723 REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | 5329554% ₹59 Cr 1,485,615
↑ 362,125 6. SBI Gold Fund
SBI Gold Fund
Growth Launch Date 12 Sep 11 NAV (19 Sep 25) ₹32.1747 ↓ -0.12 (-0.36 %) Net Assets (Cr) ₹5,221 on 31 Aug 25 Category Gold - Gold AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 0.3 Sharpe Ratio 2.58 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 Aug 20 ₹10,000 31 Aug 21 ₹9,019 31 Aug 22 ₹9,649 31 Aug 23 ₹11,136 31 Aug 24 ₹13,336 31 Aug 25 ₹18,695 Returns for SBI 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 10.9% 3 Month 10.2% 6 Month 23.1% 1 Year 46.4% 3 Year 29% 5 Year 14.9% 10 Year 15 Year Since launch 8.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 19.6% 2023 14.1% 2022 12.6% 2021 -5.7% 2020 27.4% 2019 22.8% 2018 6.4% 2017 3.5% 2016 10% 2015 -8.1% Fund Manager information for SBI Gold Fund
Name Since Tenure Raviprakash Sharma 12 Sep 11 13.98 Yr. Data below for SBI Gold Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 1.24% Other 98.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹4,750 Cr 560,811,834
↑ 24,600,000 Net Receivable / Payable
CBLO | -1% -₹25 Cr Treps
CBLO/Reverse Repo | -0% ₹14 Cr 7. IDBI Gold Fund
IDBI Gold Fund
Growth Launch Date 14 Aug 12 NAV (19 Sep 25) ₹28.6456 ↓ -0.06 (-0.22 %) Net Assets (Cr) ₹254 on 31 Aug 25 Category Gold - Gold AMC IDBI Asset Management Limited Rating Risk Moderately High Expense Ratio 0.64 Sharpe Ratio 2.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 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 Aug 20 ₹10,000 31 Aug 21 ₹9,083 31 Aug 22 ₹9,811 31 Aug 23 ₹11,188 31 Aug 24 ₹13,451 31 Aug 25 ₹18,828 Returns for IDBI 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 10.3% 3 Month 10.5% 6 Month 22.6% 1 Year 47.5% 3 Year 28.8% 5 Year 15.1% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 18.7% 2023 14.8% 2022 12% 2021 -4% 2020 24.2% 2019 21.6% 2018 5.8% 2017 1.4% 2016 8.3% 2015 -8.7% Fund Manager information for IDBI Gold Fund
Name Since Tenure Sumit Bhatnagar 1 Jun 24 1.25 Yr. Data below for IDBI Gold Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 1.2% Other 98.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC MF Gold ETF
- | -100% ₹213 Cr 238,594
↑ 39,400 Treps
CBLO/Reverse Repo | -2% ₹5 Cr Net Receivables / (Payables)
Net Current Assets | -2% -₹4 Cr 8. ICICI Prudential Regular Gold Savings Fund
ICICI Prudential Regular Gold Savings Fund
Growth Launch Date 11 Oct 11 NAV (19 Sep 25) ₹34.0488 ↓ -0.08 (-0.22 %) Net Assets (Cr) ₹2,603 on 31 Aug 25 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.38 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Months (2%),15 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹8,985 31 Aug 22 ₹9,647 31 Aug 23 ₹11,037 31 Aug 24 ₹13,266 31 Aug 25 ₹18,603 Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month 10.8% 3 Month 10.1% 6 Month 22.9% 1 Year 46.4% 3 Year 28.8% 5 Year 14.7% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 19.5% 2023 13.5% 2022 12.7% 2021 -5.4% 2020 26.6% 2019 22.7% 2018 7.4% 2017 0.8% 2016 8.9% 2015 -5.1% Fund Manager information for ICICI Prudential Regular Gold Savings Fund
Name Since Tenure Manish Banthia 27 Sep 12 12.94 Yr. Nishit Patel 29 Dec 20 4.68 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 1.55% Other 98.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Gold ETF
- | -100% ₹2,379 Cr 280,401,176
↑ 5,170,060 Treps
CBLO/Reverse Repo | -0% ₹8 Cr Net Current Assets
Net Current Assets | -0% -₹4 Cr 9. Nippon India Gold Savings Fund
Nippon India Gold Savings Fund
Growth Launch Date 7 Mar 11 NAV (19 Sep 25) ₹42.125 ↓ -0.14 (-0.34 %) Net Assets (Cr) ₹3,439 on 31 Aug 25 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 2.52 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (2%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹8,973 31 Aug 22 ₹9,606 31 Aug 23 ₹10,980 31 Aug 24 ₹13,183 31 Aug 25 ₹18,480 Returns for Nippon India Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 May 25 Duration Returns 1 Month 10.9% 3 Month 10.2% 6 Month 22.7% 1 Year 46.3% 3 Year 28.7% 5 Year 14.6% 10 Year 15 Year Since launch 10.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 19% 2023 14.3% 2022 12.3% 2021 -5.5% 2020 26.6% 2019 22.5% 2018 6% 2017 1.7% 2016 11.6% 2015 -8.1% Fund Manager information for Nippon India Gold Savings Fund
Name Since Tenure Himanshu Mange 23 Dec 23 1.69 Yr. Data below for Nippon India Gold Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 1.34% Other 98.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹3,249 Cr 395,216,739
↑ 4,135,000 Net Current Assets
Net Current Assets | -0% -₹8 Cr Triparty Repo
CBLO/Reverse Repo | -0% ₹8 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr Cash
Net Current Assets | -0% ₹0 Cr 00 10. HDFC Gold Fund
HDFC Gold Fund
Growth Launch Date 24 Oct 11 NAV (19 Sep 25) ₹32.8775 ↓ -0.14 (-0.42 %) Net Assets (Cr) ₹4,915 on 31 Aug 25 Category Gold - Gold AMC HDFC Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.49 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹8,995 31 Aug 22 ₹9,637 31 Aug 23 ₹11,044 31 Aug 24 ₹13,286 31 Aug 25 ₹18,521 Returns for HDFC 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 10.8% 3 Month 10.2% 6 Month 23.1% 1 Year 46.2% 3 Year 28.7% 5 Year 14.7% 10 Year 15 Year Since launch 9% Historical performance (Yearly) on absolute basis
Year Returns 2024 18.9% 2023 14.1% 2022 12.7% 2021 -5.5% 2020 27.5% 2019 21.7% 2018 6.6% 2017 2.8% 2016 10.1% 2015 -7.3% Fund Manager information for HDFC Gold Fund
Name Since Tenure Arun Agarwal 15 Feb 23 2.54 Yr. Nandita Menezes 29 Mar 25 0.42 Yr. Data below for HDFC Gold Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 1.43% Other 98.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -100% ₹4,544 Cr 535,910,445
↑ 17,341,000 Net Current Assets
Net Current Assets | -0% -₹12 Cr Treps - Tri-Party Repo
CBLO/Reverse Repo | -0% ₹5 Cr
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