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How can NRIs Invest in Mutual Funds in India?
Mutual Funds are good investment options for Non-Resident Indians (NRIs) to earn benefits and participate in the growth of the nation. NRIs can invest in a host of Mutual Fund schemes as per their Financial goals and objectives. Mutual Funds are a great option to diversify the investment Portfolio and earn optimal returns over the time. However, there are some of the important guidelines & rules that an NRI need to follow in order to begin their investment in Mutual Funds in India.
Investment in Mutual Funds for NRIs
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 NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, 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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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 Performing Mutual Funds for NRI's Except US/Canada
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. SBI PSU Fund Growth 9.7 28.3 86.1 40.7 27.3 54 Sectoral Invesco India PSU Equity Fund Growth 15 36.9 84.6 39.3 31.8 54.5 Sectoral BOI AXA Credit Risk Fund Growth 0.9 3.4 6.2 39.3 10.3 5.6 Credit Risk ICICI Prudential Infrastructure Fund Growth 11 27.8 62.3 39.3 30.9 44.6 Sectoral Motilal Oswal Midcap 30 Fund Growth 18.7 33.8 67.7 38.2 33.8 41.7 Mid Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24
*List of funds is based on past 3 Year Returns in decending order.
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. SBI PSU Fund is a Equity - Sectoral fund was launched on 7 Jul 10. It is a fund with High risk and has given a 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. Invesco India PSU Equity Fund is a Equity - Sectoral fund was launched on 18 Nov 09. It is a fund with High risk and has given a Below is the key information for Invesco India PSU Equity Fund Returns up to 1 year are on (Erstwhile BOI AXA Corporate Credit Spectrum Fund) The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies. BOI AXA Credit Risk Fund is a Debt - Credit Risk fund was launched on 27 Feb 15. It is a fund with Moderate risk and has given a Below is the key information for BOI AXA Credit Risk 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. ICICI Prudential Infrastructure Fund is a Equity - Sectoral fund was launched on 31 Aug 05. It is a fund with High risk and has given a Below is the key information for ICICI Prudential Infrastructure Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Focused Midcap 30 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Motilal Oswal Midcap 30 Fund is a Equity - Mid Cap fund was launched on 24 Feb 14. It is a fund with Moderately High risk and has given a Below is the key information for Motilal Oswal Midcap 30 Fund Returns up to 1 year are on 1. SBI PSU Fund
CAGR/Annualized return of 9.1% since its launch. Ranked 31 in Sectoral category. Return for 2023 was 54% , 2022 was 29% and 2021 was 32.4% . SBI PSU Fund
Growth Launch Date 7 Jul 10 NAV (25 Jul 24) ₹33.932 ↑ 0.26 (0.77 %) Net Assets (Cr) ₹3,695 on 30 Jun 24 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating ☆☆ Risk High Expense Ratio 2.52 Sharpe Ratio 2.82 Information Ratio -1.09 Alpha Ratio -5.09 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 30 Jun 19 ₹10,000 30 Jun 20 ₹7,741 30 Jun 21 ₹11,369 30 Jun 22 ₹11,338 30 Jun 23 ₹15,472 30 Jun 24 ₹30,459 Returns for SBI PSU Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 4.1% 3 Month 9.7% 6 Month 28.3% 1 Year 86.1% 3 Year 40.7% 5 Year 27.3% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 54% 2022 29% 2021 32.4% 2020 -10% 2019 6% 2018 -23.8% 2017 21.9% 2016 16.2% 2015 -11.1% 2014 41.5% Fund Manager information for SBI PSU Fund
Name Since Tenure Rohit Shimpi 1 Jun 24 0.08 Yr. Data below for SBI PSU Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 31.38% Utility 22.65% Energy 15.95% Industrials 13.12% Basic Materials 8.45% Asset Allocation
Asset Class Value Cash 8.45% Equity 91.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN14% ₹524 Cr 6,177,500
↑ 2,300,000 GAIL (India) Ltd (Utilities)
Equity, Since 31 May 24 | GAIL9% ₹340 Cr 15,500,000
↑ 12,450,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | POWERGRID9% ₹332 Cr 10,035,554
↑ 4,150,000 NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | NTPC4% ₹164 Cr 4,343,244 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Jun 24 | BEL4% ₹147 Cr 4,800,000
↑ 4,800,000 Coal India Ltd (Energy)
Equity, Since 30 Sep 21 | COALINDIA4% ₹130 Cr 2,750,000 Life Insurance Corporation of India (Financial Services)
Equity, Since 29 Feb 24 | 5435264% ₹130 Cr 1,310,000
↑ 460,000 Petronet LNG Ltd (Energy)
Equity, Since 30 Jun 24 | PETRONET3% ₹116 Cr 3,500,000
↑ 3,500,000 General Insurance Corp of India (Financial Services)
Equity, Since 31 May 24 | GICRE3% ₹114 Cr 3,000,000
↑ 1,800,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 24 | SBILIFE3% ₹112 Cr 750,000
↑ 750,000 2. Invesco India PSU Equity Fund
CAGR/Annualized return of 13.9% since its launch. Ranked 33 in Sectoral category. Return for 2023 was 54.5% , 2022 was 20.5% and 2021 was 31.1% . Invesco India PSU Equity Fund
Growth Launch Date 18 Nov 09 NAV (25 Jul 24) ₹67.76 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹1,363 on 30 Jun 24 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk High Expense Ratio 2.46 Sharpe Ratio 3.34 Information Ratio -0.8 Alpha Ratio 6.33 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,836 30 Jun 21 ₹13,587 30 Jun 22 ₹13,209 30 Jun 23 ₹18,874 30 Jun 24 ₹36,818 Returns for Invesco India PSU Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 1.7% 3 Month 15% 6 Month 36.9% 1 Year 84.6% 3 Year 39.3% 5 Year 31.8% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 54.5% Fund Manager information for Invesco India PSU Equity Fund
Name Since Tenure Dhimant Kothari 19 May 20 4.12 Yr. Data below for Invesco India PSU Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 36.61% Financial Services 23.51% Utility 22.33% Energy 14.56% Asset Allocation
Asset Class Value Cash 2.99% Equity 97.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | POWERGRID9% ₹118 Cr 3,556,510
↑ 897,947 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL9% ₹117 Cr 221,859 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL8% ₹114 Cr 3,715,873 NTPC Ltd (Utilities)
Equity, Since 31 May 19 | NTPC8% ₹104 Cr 2,741,416
↑ 223,921 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN7% ₹101 Cr 1,189,110
↑ 114,962 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 18 | BPCL6% ₹84 Cr 2,775,528
↑ 1,220,272 Coal India Ltd (Energy)
Equity, Since 31 Aug 23 | COALINDIA6% ₹81 Cr 1,711,852 Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | BANKBARODA5% ₹71 Cr 2,560,301
↑ 1,092,411 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | BDL5% ₹70 Cr 439,050
↑ 16,813 BEML Ltd (Industrials)
Equity, Since 31 Aug 23 | BEML4% ₹55 Cr 124,817 3. BOI AXA Credit Risk Fund
CAGR/Annualized return of 1.5% since its launch. Return for 2023 was 5.6% , 2022 was 143.1% and 2021 was 9.4% . BOI AXA Credit Risk Fund
Growth Launch Date 27 Feb 15 NAV (25 Jul 24) ₹11.5502 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹123 on 30 Jun 24 Category Debt - Credit Risk AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderate Expense Ratio 1.55 Sharpe Ratio -0.58 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (4%),12-24 Months (3%),24-36 Months (2%),36 Months and above(NIL) Yield to Maturity 7% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹5,367 30 Jun 21 ₹6,127 30 Jun 22 ₹14,847 30 Jun 23 ₹15,630 30 Jun 24 ₹16,631 Returns for BOI AXA Credit Risk Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 0.3% 3 Month 0.9% 6 Month 3.4% 1 Year 6.2% 3 Year 39.3% 5 Year 10.3% 10 Year 15 Year Since launch 1.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 5.6% 2022 143.1% 2021 9.4% 2020 -44.4% 2019 -45.2% 2018 -0.3% 2017 9.3% 2016 11.2% 2015 2014 Fund Manager information for BOI AXA Credit Risk Fund
Name Since Tenure Alok Singh 27 Feb 15 9.35 Yr. Data below for BOI AXA Credit Risk Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 49.53% Debt 50.13% Other 0.35% Debt Sector Allocation
Sector Value Corporate 60.99% Cash Equivalent 38.67% Credit Quality
Rating Value AA 82.1% AAA 17.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity Century Textiles And Industries Limited
Debentures | -10% ₹12 Cr 1,200,000 Steel Authority Of India Limited
Debentures | -9% ₹12 Cr 1,150,000 JSW Steel Limited
Debentures | -8% ₹10 Cr 1,000,000 360 One Prime Ltd. 9.22%
Debentures | -8% ₹10 Cr 1,000,000
↑ 1,000,000 Gic Housing Finance Limited
Debentures | -8% ₹10 Cr 1,000,000 Manappuram Finance Limited
Debentures | -8% ₹10 Cr 1,000,000 Godrej Industries Limited
Debentures | -8% ₹10 Cr 1,000,000 Corporate Debt Market Development Fund
Investment Fund | -0% ₹0 Cr 414 Amanta Healthcare Limited
Preference Shares | -0% ₹0 Cr 2,291,890
↑ 2,291,890 Treps
CBLO/Reverse Repo | -13% ₹17 Cr 4. ICICI Prudential Infrastructure Fund
CAGR/Annualized return of 16.9% since its launch. Ranked 27 in Sectoral category. Return for 2023 was 44.6% , 2022 was 28.8% and 2021 was 50.1% . ICICI Prudential Infrastructure Fund
Growth Launch Date 31 Aug 05 NAV (25 Jul 24) ₹192.36 ↑ 0.04 (0.02 %) Net Assets (Cr) ₹5,703 on 30 Jun 24 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 3.72 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 30 Jun 19 ₹10,000 30 Jun 20 ₹7,392 30 Jun 21 ₹12,936 30 Jun 22 ₹14,921 30 Jun 23 ₹21,145 30 Jun 24 ₹35,311 Returns for ICICI Prudential Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 2.3% 3 Month 11% 6 Month 27.8% 1 Year 62.3% 3 Year 39.3% 5 Year 30.9% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 56.2% Fund Manager information for ICICI Prudential Infrastructure Fund
Name Since Tenure Ihab Dalwai 3 Jun 17 7.08 Yr. Sharmila D’mello 30 Jun 22 2.01 Yr. Data below for ICICI Prudential Infrastructure Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 30.35% Basic Materials 17.84% Financial Services 16.23% Utility 14.53% Energy 7.78% Consumer Cyclical 2.03% Real Estate 1.95% Communication Services 1.4% Asset Allocation
Asset Class Value Cash 7.16% Equity 92.1% Debt 0.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | NTPC6% ₹369 Cr 9,765,698 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 09 | LT6% ₹323 Cr 910,000
↑ 190,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK5% ₹271 Cr 1,610,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK5% ₹264 Cr 2,200,000
↑ 100,000 Gujarat Gas Ltd (Utilities)
Equity, Since 31 Jan 23 | GUJGASLTD4% ₹214 Cr 3,398,077 Kalpataru Projects International Ltd (Industrials)
Equity, Since 30 Sep 06 | KPIL4% ₹207 Cr 1,758,276
↑ 177,553 NCC Ltd (Industrials)
Equity, Since 31 Aug 21 | NCC3% ₹193 Cr 6,100,157
↑ 100,157 Nuvoco Vista Corp Ltd (Basic Materials)
Equity, Since 28 Feb 23 | 5433343% ₹169 Cr 4,656,019
↑ 345,202 Grasim Industries Ltd (Basic Materials)
Equity, Since 31 Aug 23 | GRASIM2% ₹141 Cr 526,423
↓ -93,577 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 17 | ONGC2% ₹131 Cr 4,780,800
↑ 600,000 5. Motilal Oswal Midcap 30 Fund
CAGR/Annualized return of 24.5% since its launch. Ranked 27 in Mid Cap category. Return for 2023 was 41.7% , 2022 was 10.7% and 2021 was 55.8% . Motilal Oswal Midcap 30 Fund
Growth Launch Date 24 Feb 14 NAV (25 Jul 24) ₹97.8029 ↓ -0.55 (-0.56 %) Net Assets (Cr) ₹12,628 on 30 Jun 24 Category Equity - Mid Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.45 Sharpe Ratio 2.97 Information Ratio 1.3 Alpha Ratio 13.91 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,692 30 Jun 21 ₹14,156 30 Jun 22 ₹16,857 30 Jun 23 ₹23,241 30 Jun 24 ₹38,133 Returns for Motilal Oswal Midcap 30 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 4.5% 3 Month 18.7% 6 Month 33.8% 1 Year 67.7% 3 Year 38.2% 5 Year 33.8% 10 Year 15 Year Since launch 24.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 41.7% 2022 10.7% 2021 55.8% 2020 9.3% 2019 9.7% 2018 -12.7% 2017 30.8% 2016 5.2% 2015 16.5% 2014 Fund Manager information for Motilal Oswal Midcap 30 Fund
Name Since Tenure Niket Shah 1 Jul 20 4 Yr. Rakesh Shetty 22 Nov 22 1.61 Yr. Sunil Sawant 1 Jul 24 0 Yr. Data below for Motilal Oswal Midcap 30 Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 20.44% Technology 19.88% Consumer Cyclical 18.37% Communication Services 10.98% Financial Services 10.48% Health Care 5.26% Real Estate 4.79% Basic Materials 4.65% Asset Allocation
Asset Class Value Cash 5.15% Equity 94.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 23 | 54394010% ₹1,200 Cr 33,500,000
↑ 3,500,000 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Apr 24 | IDEA9% ₹1,199 Cr 670,000,000
↑ 15,000,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 23 | PERSISTENT9% ₹1,153 Cr 2,717,757
↑ 579,865 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | KALYANKJIL8% ₹965 Cr 19,250,000
↓ -750,000 Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | 5433207% ₹903 Cr 45,000,000
↓ -2,500,000 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 20 | TIINDIA7% ₹892 Cr 2,094,862
↓ -155,138 Coforge Ltd (Technology)
Equity, Since 31 Mar 23 | COFORGE5% ₹628 Cr 1,150,000
↑ 324,381 Polycab India Ltd (Industrials)
Equity, Since 30 Sep 23 | POLYCAB5% ₹607 Cr 900,000
↑ 250,000 KPIT Technologies Ltd (Technology)
Equity, Since 31 Jan 23 | KPITTECH4% ₹490 Cr 3,000,000
↑ 1,000,000 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | BALKRISIND4% ₹452 Cr 1,400,000
Best Performing Mutual Funds for NRI's from US/Canada
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. L&T Infrastructure Fund Growth 16.2 30.1 59.7 33.1 27.5 50.7 Sectoral UTI Transportation & Logistics Fund Growth 13.3 31.2 53.1 31.7 27.2 40.1 Sectoral L&T Emerging Businesses Fund Growth 14 21.1 49 29.2 30.9 46.1 Small Cap Sundaram Infrastructure Advantage Fund Growth 10.6 25.4 55.2 27.7 25.3 41.7 Sectoral L&T India Value Fund Growth 13.2 25 54.1 26.9 25.7 39.4 Value Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24
*List of funds is based on past 3 Year Returns in decending order.
To generate capital appreciation by investing predominantly in equity and equity related instruments of companies in the infrastructure sector. L&T Infrastructure Fund is a Equity - Sectoral fund was launched on 27 Sep 07. It is a fund with High risk and has given a Below is the key information for L&T Infrastructure Fund Returns up to 1 year are on Investment Objective is “capital appreciation” through investments in stocks of the companies engaged in the transportation and logistics sector. UTI Transportation & Logistics Fund is a Equity - Sectoral fund was launched on 11 Apr 04. It is a fund with High risk and has given a Below is the key information for UTI Transportation & Logistics Fund Returns up to 1 year are on To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. L&T Emerging Businesses Fund is a Equity - Small Cap fund was launched on 12 May 14. It is a fund with High risk and has given a Below is the key information for L&T Emerging Businesses Fund Returns up to 1 year are on To generate consistent long-term returns by
investing predominantly in
equity/equity-related instruments of
companies engaged either directly or
indirectly in infrastructure- and infrastructure
related activities or expected to benefit from
the growth and development of infrastructure Sundaram Infrastructure Advantage Fund is a Equity - Sectoral fund was launched on 29 Sep 05. It is a fund with High risk and has given a Below is the key information for Sundaram Infrastructure Advantage Fund Returns up to 1 year are on To generate long-term capital appreciation from diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. The Scheme could also additionally invest in Foreign Securities in international markets. L&T India Value Fund is a Equity - Value fund was launched on 8 Jan 10. It is a fund with Moderately High risk and has given a Below is the key information for L&T India Value Fund Returns up to 1 year are on 1. L&T Infrastructure Fund
CAGR/Annualized return of 10% since its launch. Return for 2023 was 50.7% , 2022 was 3.1% and 2021 was 56.3% . L&T Infrastructure Fund
Growth Launch Date 27 Sep 07 NAV (25 Jul 24) ₹49.995 ↑ 0.10 (0.19 %) Net Assets (Cr) ₹2,779 on 30 Jun 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.2 Sharpe Ratio 3.17 Information Ratio 0.59 Alpha Ratio 19.23 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 30 Jun 19 ₹10,000 30 Jun 20 ₹7,853 30 Jun 21 ₹12,831 30 Jun 22 ₹13,503 30 Jun 23 ₹18,746 30 Jun 24 ₹31,821 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month -0.5% 3 Month 16.2% 6 Month 30.1% 1 Year 59.7% 3 Year 33.1% 5 Year 27.5% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 2023 50.7% 2022 3.1% 2021 56.3% 2020 1.6% 2019 -3.1% 2018 -17.1% 2017 61.1% 2016 8.6% 2015 6.8% 2014 65.5% Fund Manager information for L&T Infrastructure Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 4.54 Yr. Gautam Bhupal 26 Nov 22 1.59 Yr. Sonal Gupta 26 Nov 22 1.59 Yr. Data below for L&T Infrastructure Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 53.91% Basic Materials 12.48% Utility 8.19% Energy 8.14% Communication Services 4.99% Real Estate 3.88% Technology 3.62% Financial Services 2.08% Consumer Cyclical 1.01% Asset Allocation
Asset Class Value Cash 1.7% Equity 98.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL8% ₹233 Cr 7,612,300
↓ -233,800 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | NTPC7% ₹204 Cr 5,385,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT7% ₹199 Cr 560,008 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL5% ₹135 Cr 936,500
↑ 235,700 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹115 Cr 368,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO4% ₹104 Cr 88,900 Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 31 Jan 18 | CENTURYTEX3% ₹92 Cr 397,700 Finolex Cables Ltd (Industrials)
Equity, Since 30 Jun 18 | FINCABLES3% ₹84 Cr 539,700
↓ -71,900 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB3% ₹76 Cr 90,050 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Mar 23 | KIRLOSENG2% ₹68 Cr 485,096
↓ -54,334 2. UTI Transportation & Logistics Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 19 in Sectoral category. Return for 2023 was 40.1% , 2022 was 14.7% and 2021 was 24.3% . UTI Transportation & Logistics Fund
Growth Launch Date 11 Apr 04 NAV (25 Jul 24) ₹274.527 ↑ 2.32 (0.85 %) Net Assets (Cr) ₹3,698 on 30 Jun 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.26 Sharpe Ratio 3.52 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,421 30 Jun 21 ₹13,518 30 Jun 22 ₹15,033 30 Jun 23 ₹19,054 30 Jun 24 ₹29,671 Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 1.3% 3 Month 13.3% 6 Month 31.2% 1 Year 53.1% 3 Year 31.7% 5 Year 27.2% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 40.1% 2022 14.7% 2021 24.3% 2020 11% 2019 -8.7% 2018 -19.5% 2017 39.6% 2016 4.8% 2015 5.7% 2014 104% Fund Manager information for UTI Transportation & Logistics Fund
Name Since Tenure Sachin Trivedi 22 Sep 16 7.78 Yr. Data below for UTI Transportation & Logistics Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Consumer Cyclical 77.83% Industrials 17.14% Financial Services 0.73% Asset Allocation
Asset Class Value Cash 4.24% Equity 95.7% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M14% ₹535 Cr 1,868,001 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS12% ₹427 Cr 4,314,478 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI9% ₹336 Cr 279,283
↑ 5,500 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | BAJAJ-AUTO8% ₹291 Cr 305,802 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT7% ₹272 Cr 582,702 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO7% ₹241 Cr 432,292
↑ 33,921 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS5% ₹181 Cr 1,227,914
↑ 160,322 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO4% ₹160 Cr 377,639 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | TVSMOTOR2% ₹89 Cr 376,693
↓ -62,032 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | BHARATFORG2% ₹87 Cr 522,107 3. L&T Emerging Businesses Fund
CAGR/Annualized return of 23.4% since its launch. Ranked 2 in Small Cap category. Return for 2023 was 46.1% , 2022 was 1% and 2021 was 77.4% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (25 Jul 24) ₹85.1137 ↓ -0.08 (-0.10 %) Net Assets (Cr) ₹16,397 on 30 Jun 24 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 2.41 Information Ratio 0.66 Alpha Ratio 1.08 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 30 Jun 19 ₹10,000 30 Jun 20 ₹7,797 30 Jun 21 ₹15,737 30 Jun 22 ₹17,233 30 Jun 23 ₹23,072 30 Jun 24 ₹35,781 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 0.6% 3 Month 14% 6 Month 21.1% 1 Year 49% 3 Year 29.2% 5 Year 30.9% 10 Year 15 Year Since launch 23.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 46.1% 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 4.54 Yr. Cheenu Gupta 1 Oct 23 0.75 Yr. Sonal Gupta 1 Oct 23 0.75 Yr. Data below for L&T Emerging Businesses Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 34.77% Consumer Cyclical 14.72% Basic Materials 13.23% Financial Services 10.46% Technology 8.84% Real Estate 6.21% Health Care 3.92% Consumer Defensive 2.29% Energy 1.7% Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹538 Cr 635,400 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | BRIGADE3% ₹445 Cr 3,299,000
↓ -567,279 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹408 Cr 922,670
↓ -25,000 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE2% ₹400 Cr 2,573,042 Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 30 Sep 22 | CENTURYTEX2% ₹372 Cr 1,607,279 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹358 Cr 2,188,200 NCC Ltd (Industrials)
Equity, Since 28 Feb 21 | NCC2% ₹357 Cr 11,291,100 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | EIHOTEL2% ₹356 Cr 8,283,239 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | TRENT2% ₹318 Cr 580,400 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹304 Cr 842,458 4. Sundaram Infrastructure Advantage Fund
CAGR/Annualized return of 12.8% since its launch. Return for 2023 was 41.7% , 2022 was 2.1% and 2021 was 49.5% . Sundaram Infrastructure Advantage Fund
Growth Launch Date 29 Sep 05 NAV (25 Jul 24) ₹95.6899 ↑ 0.15 (0.16 %) Net Assets (Cr) ₹1,044 on 30 Jun 24 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating Risk High Expense Ratio 2.55 Sharpe Ratio 3.6 Information Ratio 0 Alpha Ratio 13.89 Min Investment 100,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹7,777 30 Jun 21 ₹13,161 30 Jun 22 ₹13,639 30 Jun 23 ₹17,682 30 Jun 24 ₹28,622 Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 0.6% 3 Month 10.6% 6 Month 25.4% 1 Year 55.2% 3 Year 27.7% 5 Year 25.3% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 41.7% 2022 2.1% 2021 49.5% 2020 10.4% 2019 2.2% 2018 -21.9% 2017 55.5% 2016 -0.5% 2015 4.8% 2014 57.6% Fund Manager information for Sundaram Infrastructure Advantage Fund
Name Since Tenure Ratish Varier 23 Jul 20 3.94 Yr. Ashish Aggarwal 1 Jan 22 2.5 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 42.04% Utility 11.18% Energy 10.12% Basic Materials 9.63% Communication Services 8.41% Financial Services 5.04% Technology 4.34% Consumer Cyclical 3.13% Real Estate 2.01% Asset Allocation
Asset Class Value Cash 4.09% Equity 95.91% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT7% ₹75 Cr 210,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹65 Cr 207,000
↓ -12,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL6% ₹63 Cr 435,000
↓ -7,000 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | NTPC6% ₹59 Cr 1,570,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO4% ₹37 Cr 32,000
↑ 4,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Mar 22 | POWERGRID3% ₹28 Cr 855,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 22 | BEL3% ₹28 Cr 900,000
↓ -250,000 Siemens Ltd (Industrials)
Equity, Since 31 Aug 22 | SIEMENS2% ₹22 Cr 28,000 KSB Ltd (Industrials)
Equity, Since 31 Aug 17 | KSB2% ₹21 Cr 44,000 Esab India Ltd (Industrials)
Equity, Since 30 Jun 17 | ESABINDIA2% ₹19 Cr 31,400 5. L&T India Value Fund
CAGR/Annualized return of 17.8% since its launch. Ranked 4 in Value category. Return for 2023 was 39.4% , 2022 was 5.2% and 2021 was 40.3% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (25 Jul 24) ₹107.972 ↓ -0.21 (-0.19 %) Net Assets (Cr) ₹13,358 on 30 Jun 24 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 3.58 Information Ratio 1.5 Alpha Ratio 17.05 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,460 30 Jun 21 ₹14,055 30 Jun 22 ₹13,998 30 Jun 23 ₹18,453 30 Jun 24 ₹29,559 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 1% 3 Month 13.2% 6 Month 25% 1 Year 54.1% 3 Year 26.9% 5 Year 25.7% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 39.4% 2022 5.2% 2021 40.3% 2020 14.6% 2019 4.6% 2018 -11.4% 2017 41.3% 2016 8.1% 2015 12.9% 2014 74.1% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 11.61 Yr. Gautam Bhupal 1 Oct 23 0.75 Yr. Sonal Gupta 1 Oct 23 0.75 Yr. Data below for L&T India Value Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 26.94% Basic Materials 17.37% Industrials 17.3% Technology 9.13% Consumer Cyclical 8.7% Real Estate 5.15% Utility 3.88% Consumer Defensive 3.58% Energy 3.24% Communication Services 1.82% Health Care 1.68% Asset Allocation
Asset Class Value Cash 1.17% Equity 98.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL4% ₹530 Cr 6,448,900 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹526 Cr 4,382,100 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC4% ₹519 Cr 13,709,000
↓ -1,079,800 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹490 Cr 5,766,900 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹409 Cr 1,427,504 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 30 Sep 22 | KIRLOSENG3% ₹381 Cr 2,733,200 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | KEC3% ₹345 Cr 3,887,970 Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | INDIANB2% ₹315 Cr 5,767,748
↓ -379,252 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX2% ₹313 Cr 798,650 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE2% ₹313 Cr 998,200
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