
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.

To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian Bank:
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.
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).
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.
To successfully complete your KYC procedure, NRIs need to complete certain important steps and furnish documents like:
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.
Following are the necessary documents that need to be submitted:
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
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.
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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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) | 
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) | 
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  34.5 47.3 75.7 44.7 16.3 15.9  Global  IDBI Gold Fund Growth  21.4 23.6 48.9 31.8 17.7 18.7  Gold  Aditya Birla Sun Life Gold Fund Growth  22 24.5 50.4 31.7 17.6 18.7  Gold  ICICI Prudential Regular Gold Savings Fund Growth  21.6 24.1 50 31.7 17.4 19.5  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 5 Funds showcased
Commentary Franklin India Short Term Income Plan -  Retail Plan DSP World Gold Fund IDBI Gold Fund Aditya Birla Sun Life Gold Fund ICICI Prudential Regular Gold Savings Fund Point 1 Bottom quartile AUM (₹13 Cr). Upper mid AUM (₹1,421 Cr). Bottom quartile AUM (₹254 Cr). Lower mid AUM (₹725 Cr). Highest AUM (₹2,603 Cr). Point 2 Oldest track record among peers (23 yrs). Established history (18+ yrs). Established history (13+ yrs). Established history (13+ yrs). Established history (14+ yrs). Point 3 Rating: 2★ (lower mid). Top rated. Not Rated. Rating: 3★ (upper mid). Rating: 1★ (bottom quartile). Point 4 Risk profile: Moderate. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 1Y return: 192.10% (top quartile). 5Y return: 16.34% (bottom quartile). 5Y return: 17.71% (upper mid). 5Y return: 17.59% (lower mid). 5Y return: 17.40% (bottom quartile). Point 6 1M return: 192.10% (top quartile). 3Y return: 44.72% (upper mid). 3Y return: 31.79% (lower mid). 3Y return: 31.74% (bottom quartile). 3Y return: 31.74% (bottom quartile). Point 7 Sharpe: -90.89 (bottom quartile). 1Y return: 75.74% (upper mid). 1Y return: 48.94% (bottom quartile). 1Y return: 50.37% (lower mid). 1Y return: 49.97% (bottom quartile). Point 8 Information ratio: -2.42 (bottom quartile). Alpha: 3.15 (top quartile). 1M return: 3.44% (lower mid). 1M return: 3.56% (upper mid). 1M return: 3.36% (bottom quartile). Point 9 Yield to maturity (debt): 0.00% (top quartile). Sharpe: 1.80 (bottom quartile). Alpha: 0.00 (upper 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). Sharpe: 2.38 (lower mid). Sharpe: 2.66 (top quartile). Sharpe: 2.55 (upper mid). Franklin India Short Term Income Plan -  Retail Plan
DSP World Gold Fund
IDBI Gold Fund
Aditya Birla Sun Life Gold Fund
ICICI Prudential Regular Gold Savings 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 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   An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).   Research Highlights for Aditya Birla Sun Life Gold Fund   Below is the key information for Aditya Birla Sun Life 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 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 30 Sep 20 ₹10,000 30 Sep 21 ₹12,081 30 Sep 22 ₹13,040 30 Sep 23 ₹14,242 30 Sep 24 ₹14,242 
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 (28 Oct 25)   ₹41.2272  ↑ 0.49   (1.20 %)  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 30 Sep 20 ₹10,000 30 Sep 21 ₹7,753 30 Sep 22 ₹6,406 30 Sep 23 ₹7,497 30 Sep 24 ₹10,968 30 Sep 25 ₹21,899  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  -4.7%  3 Month  34.5%  6 Month  47.3%  1 Year  75.7%  3 Year  44.7%  5 Year  16.3%  10 Year    15 Year    Since launch  8.1%   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 12.59 Yr. Data below for DSP World Gold Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Basic Materials 95.54%  Asset Allocation 
Asset Class Value Cash 1.83% Equity 95.6% Debt 0.01% Other 2.56%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  BGF World Gold I2  
Investment Fund  | -76% ₹1,268 Cr 1,456,030 
 ↓ -89,620  VanEck Gold Miners ETF  
-  | GDX23% ₹389 Cr 573,719  Treps / Reverse Repo Investments  
CBLO/Reverse Repo  | -1% ₹18 Cr  Net Receivables/Payables  
Net Current Assets  | -0% ₹3 Cr 3. IDBI Gold Fund
IDBI Gold Fund 
 Growth Launch Date   14 Aug 12  NAV (29 Oct 25)   ₹31.173  ↑ 1.32   (4.40 %)  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 30 Sep 20 ₹10,000 30 Sep 21 ₹9,217 30 Sep 22 ₹10,058 30 Sep 23 ₹11,430 30 Sep 24 ₹14,833 30 Sep 25 ₹22,097  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  3.4%  3 Month  21.4%  6 Month  23.6%  1 Year  48.9%  3 Year  31.8%  5 Year  17.7%  10 Year    15 Year    Since launch  9%   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 1.33 Yr. Data below for IDBI Gold Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 2.75% Other 97.25%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  LIC MF Gold ETF  
-  | -99% ₹369 Cr 353,644 
 ↑ 83,600  Treps  
CBLO/Reverse Repo  | -2% ₹7 Cr  Net Receivables / (Payables)  
CBLO  | -1% -₹4 Cr 4. Aditya Birla Sun Life Gold Fund
Aditya Birla Sun Life Gold Fund 
 Growth Launch Date   20 Mar 12  NAV (29 Oct 25)   ₹35.0149  ↑ 1.47   (4.40 %)  Net Assets (Cr)   ₹725 on 31 Aug 25  Category  Gold - Gold AMC   Birla Sun Life Asset Management Co Ltd  Rating  ☆☆☆ Risk  Moderately High Expense Ratio  0.51 Sharpe Ratio  2.66 Information Ratio  0 Alpha Ratio  0 Min Investment   100  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 30 Sep 20 ₹10,000 30 Sep 21 ₹8,974 30 Sep 22 ₹9,669 30 Sep 23 ₹11,048 30 Sep 24 ₹14,179 30 Sep 25 ₹21,356  Returns for Aditya Birla Sun Life 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  3.6%  3 Month  22%  6 Month  24.5%  1 Year  50.4%  3 Year  31.7%  5 Year  17.6%  10 Year    15 Year    Since launch  9.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  18.7%  2023  14.5%  2022  12.3%  2021  -5%  2020  26%  2019  21.3%  2018  6.8%  2017  1.6%  2016  11.5%  2015  -7.2%   Fund Manager information for Aditya Birla Sun Life Gold Fund 
Name Since Tenure Priya Sridhar 31 Dec 24 0.75 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 0.93% Other 99.07%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Aditya BSL Gold ETF  
-  | -100% ₹913 Cr 89,486,826 
 ↑ 9,590,606  Net Receivables / (Payables)  
Net Current Assets  | -2% -₹15 Cr  Clearing Corporation Of India Limited  
CBLO/Reverse Repo  | -1% ₹11 Cr 5. ICICI Prudential Regular Gold Savings Fund
ICICI Prudential Regular Gold Savings Fund 
 Growth Launch Date   11 Oct 11  NAV (29 Oct 25)   ₹37.1768  ↑ 1.07   (2.95 %)  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 30 Sep 20 ₹10,000 30 Sep 21 ₹9,035 30 Sep 22 ₹9,753 30 Sep 23 ₹11,088 30 Sep 24 ₹14,321 30 Sep 25 ₹21,617  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  3.4%  3 Month  21.6%  6 Month  24.1%  1 Year  50%  3 Year  31.7%  5 Year  17.4%  10 Year    15 Year    Since launch  9.8%   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 13.02 Yr. Nishit Patel 29 Dec 20 4.76 Yr. Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 1.47% Other 98.53%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  ICICI Pru Gold ETF  
-  | -100% ₹3,301 Cr 331,508,144 
 ↑ 37,135,052  Treps  
CBLO/Reverse Repo  | -1% ₹40 Cr  Net Current Assets  
Net Current Assets  | -1% -₹36 Cr 
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Sub Cat. Sundaram Mid Cap Fund Growth  5.5 13.2 6.8 25 27.3 32  Mid Cap  UTI Healthcare Fund Growth  -1.9 8.6 5.1 24.5 18.2 42.9  Sectoral  UTI Transportation & Logistics Fund Growth  11.4 22.9 16.1 24.1 27.3 18.7  Sectoral  Sundaram Infrastructure Advantage Fund Growth  3.7 11.4 4.9 22.7 28 23.8  Sectoral  Sundaram Global Advantage Fund Growth  10.6 26 27.2 22.2 15.5 13.1  Global  Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Oct 25   Research Highlights & Commentary of 5 Funds showcased
Commentary Sundaram Mid Cap Fund UTI Healthcare Fund UTI Transportation & Logistics Fund Sundaram Infrastructure Advantage Fund Sundaram Global Advantage Fund Point 1 Highest AUM (₹12,501 Cr). Lower mid AUM (₹1,119 Cr). Upper mid AUM (₹3,741 Cr). Bottom quartile AUM (₹935 Cr). Bottom quartile AUM (₹130 Cr). Point 2 Established history (23+ yrs). Oldest track record among peers (26 yrs). Established history (21+ yrs). Established history (20+ yrs). Established history (18+ yrs). Point 3 Top rated. Rating: 1★ (bottom quartile). Rating: 3★ (upper mid). Not Rated. Rating: 2★ (lower mid). Point 4 Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Point 5 5Y return: 27.32% (upper mid). 5Y return: 18.16% (bottom quartile). 5Y return: 27.26% (lower mid). 5Y return: 28.00% (top quartile). 5Y return: 15.51% (bottom quartile). Point 6 3Y return: 24.97% (top quartile). 3Y return: 24.48% (upper mid). 3Y return: 24.06% (lower mid). 3Y return: 22.68% (bottom quartile). 3Y return: 22.22% (bottom quartile). Point 7 1Y return: 6.80% (lower mid). 1Y return: 5.13% (bottom quartile). 1Y return: 16.13% (upper mid). 1Y return: 4.91% (bottom quartile). 1Y return: 27.25% (top quartile). Point 8 Alpha: 2.99 (top quartile). Alpha: 0.79 (upper mid). Alpha: 0.00 (bottom quartile). Alpha: 0.29 (lower mid). Alpha: 0.00 (bottom quartile). Point 9 Sharpe: -0.33 (lower mid). Sharpe: -0.15 (upper mid). Sharpe: -0.33 (bottom quartile). Sharpe: -0.48 (bottom quartile). Sharpe: 0.81 (top quartile). Point 10 Information ratio: 0.22 (top quartile). Information ratio: 0.10 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: -0.07 (bottom quartile). Information ratio: 0.00 (bottom quartile). Sundaram Mid Cap Fund
UTI Healthcare Fund
UTI Transportation & Logistics Fund
Sundaram Infrastructure Advantage Fund
Sundaram Global Advantage Fund
*List of funds is based on past 3 Year Returns in decending order.
 (Erstwhile Sundaram Select Midcap Fund)   To achieve capital appreciation by investing
in diversified stocks that are generally termed
as mid-caps.   Research Highlights for Sundaram Mid Cap Fund   Below is the key information for Sundaram Mid Cap Fund   Returns up to 1 year are on   (Erstwhile UTI Pharma & Healthcare Fund)   The Investment objective of the Scheme is capital appreciation through investments in equities and equity related instruments of the Pharma & Healthcare sectors.   Research Highlights for UTI Healthcare Fund   Below is the key information for UTI Healthcare 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.   Research Highlights for UTI Transportation & Logistics Fund   Below is the key information for UTI Transportation & Logistics 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   Research Highlights for Sundaram Infrastructure Advantage Fund   Below is the key information for Sundaram Infrastructure Advantage Fund   Returns up to 1 year are on   To achieve capital appreciation by investing in
units of overseas mutual funds and exchange
traded funds, domestic money market
instruments. Income generation may only be
a secondary objective.   Research Highlights for Sundaram Global Advantage Fund   Below is the key information for Sundaram Global Advantage Fund   Returns up to 1 year are on 1. Sundaram Mid Cap Fund
Sundaram Mid Cap Fund 
 Growth Launch Date   30 Jul 02  NAV (29 Oct 25)   ₹1,447.44  ↑ 9.35   (0.65 %)  Net Assets (Cr)   ₹12,501 on 31 Aug 25  Category  Equity - Mid Cap AMC   Sundaram Asset Management Company Ltd  Rating  ☆☆☆☆ Risk  Moderately High Expense Ratio  1.75 Sharpe Ratio  -0.33 Information Ratio  0.22 Alpha Ratio  2.99 Min Investment   5,000  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 Sep 20 ₹10,000 30 Sep 21 ₹16,223 30 Sep 22 ₹17,062 30 Sep 23 ₹21,088 30 Sep 24 ₹32,926 30 Sep 25 ₹31,436  Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 25 Duration Returns 1 Month  6.1%  3 Month  5.5%  6 Month  13.2%  1 Year  6.8%  3 Year  25%  5 Year  27.3%  10 Year    15 Year    Since launch  23.9%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  32%  2023  40.4%  2022  4.8%  2021  37.5%  2020  11.8%  2019  -0.3%  2018  -15.4%  2017  40.8%  2016  11.3%  2015  11.2%   Fund Manager information for Sundaram Mid Cap Fund 
Name Since Tenure S. Bharath 24 Feb 21 4.6 Yr. Ratish Varier 24 Feb 21 4.6 Yr. Data below for Sundaram Mid Cap Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 19.58% Consumer Cyclical 17.35% Industrials 14.8% Health Care 11.72% Basic Materials 10.47% Consumer Defensive 6.31% Technology 5.48% Real Estate 3.58% Utility 2.52% Energy 2.16% Communication Services 2.15%  Asset Allocation 
Asset Class Value Cash 3.85% Equity 96.13% Other 0%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Cummins India Ltd (Industrials) 
Equity, Since 31 Dec 17 | 5004804% ₹500 Cr 1,273,753 
 ↓ -16,374  Coromandel International Ltd (Basic Materials) 
Equity, Since 30 Nov 10 | 5063953% ₹385 Cr 1,712,601  Fortis Healthcare Ltd (Healthcare) 
Equity, Since 31 Dec 21 | 5328433% ₹368 Cr 3,791,187 
 ↓ -88,062  GE Vernova T&D India Ltd (Industrials) 
Equity, Since 30 Sep 24 | 5222753% ₹349 Cr 1,179,542  Mahindra & Mahindra Financial Services Ltd (Financial Services) 
Equity, Since 31 Jan 24 | M&MFIN3% ₹328 Cr 11,920,703  Lupin Ltd (Healthcare) 
Equity, Since 31 Jan 23 | 5002572% ₹300 Cr 1,569,363  Hindustan Petroleum Corp Ltd (Energy) 
Equity, Since 31 Oct 21 | HINDPETRO2% ₹272 Cr 6,144,382  Indian Bank (Financial Services) 
Equity, Since 31 Jul 23 | 5328142% ₹270 Cr 3,602,269 
 ↓ -324,199  IDFC First Bank Ltd (Financial Services) 
Equity, Since 30 Jun 25 | IDFCFIRSTB2% ₹262 Cr 37,611,985 
 ↑ 1,979,784  Marico Ltd (Consumer Defensive) 
Equity, Since 30 Jun 24 | 5316422% ₹255 Cr 3,660,354 
 ↑ 161,343 2. UTI Healthcare Fund
UTI Healthcare Fund 
 Growth Launch Date   28 Jun 99  NAV (29 Oct 25)   ₹293.307  ↑ 1.93   (0.66 %)  Net Assets (Cr)   ₹1,119 on 31 Aug 25  Category  Equity - Sectoral AMC   UTI Asset Management Company Ltd  Rating  ☆ Risk  High Expense Ratio  2.26 Sharpe Ratio  -0.15 Information Ratio  0.1 Alpha Ratio  0.79 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 Sep 20 ₹10,000 30 Sep 21 ₹13,129 30 Sep 22 ₹11,561 30 Sep 23 ₹14,305 30 Sep 24 ₹22,319 30 Sep 25 ₹21,898  Returns for UTI Healthcare Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 25 Duration Returns 1 Month  3.1%  3 Month  -1.9%  6 Month  8.6%  1 Year  5.1%  3 Year  24.5%  5 Year  18.2%  10 Year    15 Year    Since launch  14.9%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  42.9%  2023  38.2%  2022  -12.3%  2021  19.1%  2020  67.4%  2019  1.2%  2018  -7.5%  2017  6.2%  2016  -9.7%  2015  12.4%   Fund Manager information for UTI Healthcare Fund 
Name Since Tenure Kamal Gada 2 May 22 3.42 Yr. Data below for UTI Healthcare Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Health Care 97.9% Basic Materials 1.07%  Asset Allocation 
Asset Class Value Cash 1.02% Equity 98.98%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Sun Pharmaceuticals Industries Ltd (Healthcare) 
Equity, Since 31 Oct 06 | SUNPHARMA10% ₹105 Cr 661,016  Ajanta Pharma Ltd (Healthcare) 
Equity, Since 31 Jul 17 | 5323315% ₹60 Cr 250,000 
 ↑ 7,327  Cipla Ltd (Healthcare) 
Equity, Since 31 Jan 03 | 5000875% ₹60 Cr 400,000  Lupin Ltd (Healthcare) 
Equity, Since 28 Feb 25 | 5002575% ₹52 Cr 270,000  Procter & Gamble Health Ltd (Healthcare) 
Equity, Since 31 Dec 20 | PGHL4% ₹44 Cr 69,320 
 ↓ -719  Glenmark Pharmaceuticals Ltd (Healthcare) 
Equity, Since 31 Mar 24 | 5322964% ₹41 Cr 210,000 
 ↓ -10,000  Dr Reddy's Laboratories Ltd (Healthcare) 
Equity, Since 28 Feb 18 | 5001244% ₹41 Cr 335,000 
 ↓ -25,000  Gland Pharma Ltd (Healthcare) 
Equity, Since 30 Nov 20 | GLAND4% ₹40 Cr 199,297  Apollo Hospitals Enterprise Ltd (Healthcare) 
Equity, Since 30 Apr 21 | APOLLOHOSP4% ₹39 Cr 53,000  Alkem Laboratories Ltd (Healthcare) 
Equity, Since 31 May 21 | ALKEM4% ₹39 Cr 72,000 3. UTI Transportation & Logistics Fund
UTI Transportation & Logistics Fund 
 Growth Launch Date   11 Apr 04  NAV (29 Oct 25)   ₹294.79  ↓ -1.04   (-0.35 %)  Net Assets (Cr)   ₹3,741 on 31 Aug 25  Category  Equity - Sectoral AMC   UTI Asset Management Company Ltd  Rating  ☆☆☆ Risk  High Expense Ratio  1.93 Sharpe Ratio  -0.33 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 Sep 20 ₹10,000 30 Sep 21 ₹14,271 30 Sep 22 ₹17,035 30 Sep 23 ₹20,680 30 Sep 24 ₹32,475 30 Sep 25 ₹32,795  Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 25 Duration Returns 1 Month  1.5%  3 Month  11.4%  6 Month  22.9%  1 Year  16.1%  3 Year  24.1%  5 Year  27.3%  10 Year    15 Year    Since launch  17%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  18.7%  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%   Fund Manager information for UTI Transportation & Logistics Fund 
Name Since Tenure Sachin Trivedi 22 Sep 16 9.03 Yr. Data below for UTI Transportation & Logistics Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Consumer Cyclical 79.22% Industrials 14.63%  Asset Allocation 
Asset Class Value Cash 5.98% Equity 93.85% Debt 0.13%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Mahindra & Mahindra Ltd (Consumer Cyclical) 
Equity, Since 30 Apr 04 | M&M14% ₹540 Cr 1,575,675  Maruti Suzuki India Ltd (Consumer Cyclical) 
Equity, Since 30 Apr 04 | MARUTI11% ₹423 Cr 264,013  Eicher Motors Ltd (Consumer Cyclical) 
Equity, Since 30 Nov 08 | EICHERMOT10% ₹388 Cr 554,527 
 ↓ -30,000  Eternal Ltd (Consumer Cyclical) 
Equity, Since 31 Jul 21 | 5433207% ₹263 Cr 8,074,415  InterGlobe Aviation Ltd (Industrials) 
Equity, Since 31 May 18 | INDIGO5% ₹217 Cr 387,991  Bajaj Auto Ltd (Consumer Cyclical) 
Equity, Since 30 Apr 18 | 5329775% ₹184 Cr 212,504 
 ↓ -27,282  Hero MotoCorp Ltd (Consumer Cyclical) 
Equity, Since 31 Mar 12 | HEROMOTOCO5% ₹179 Cr 327,739  Hyundai Motor India Ltd (Consumer Cyclical) 
Equity, Since 31 Oct 24 | HYUNDAI4% ₹152 Cr 586,342  Adani Ports & Special Economic Zone Ltd (Industrials) 
Equity, Since 31 May 13 | ADANIPORTS4% ₹151 Cr 1,076,157  TVS Motor Co Ltd (Consumer Cyclical) 
Equity, Since 30 Sep 19 | 5323433% ₹139 Cr 403,430 
 ↑ 13,058 4. Sundaram Infrastructure Advantage Fund
Sundaram Infrastructure Advantage Fund 
 Growth Launch Date   29 Sep 05  NAV (29 Oct 25)   ₹98.1682  ↑ 1.02   (1.05 %)  Net Assets (Cr)   ₹935 on 31 Aug 25  Category  Equity - Sectoral AMC   Sundaram Asset Management Company Ltd  Rating  Risk  High Expense Ratio  2.37 Sharpe Ratio  -0.48 Information Ratio  -0.07 Alpha Ratio  0.29 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 Sep 20 ₹10,000 30 Sep 21 ₹17,468 30 Sep 22 ₹18,239 30 Sep 23 ₹23,100 30 Sep 24 ₹35,090 30 Sep 25 ₹33,090  Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 25 Duration Returns 1 Month  4.3%  3 Month  3.7%  6 Month  11.4%  1 Year  4.9%  3 Year  22.7%  5 Year  28%  10 Year    15 Year    Since launch  12%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  23.8%  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%   Fund Manager information for Sundaram Infrastructure Advantage Fund 
Name Since Tenure Ashish Aggarwal 1 Jan 22 3.75 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 38.82% Utility 12.1% Energy 11.07% Communication Services 10.6% Consumer Cyclical 7.92% Basic Materials 7.4% Financial Services 3.93% Real Estate 2.24% Technology 0.69%  Asset Allocation 
Asset Class Value Cash 5.23% Equity 94.77%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Bharti Airtel Ltd (Communication Services) 
Equity, Since 31 Oct 19 | BHARTIARTL8% ₹78 Cr 415,000  Larsen & Toubro Ltd (Industrials) 
Equity, Since 31 May 09 | LT8% ₹77 Cr 210,000  Reliance Industries Ltd (Energy) 
Equity, Since 31 Jan 18 | RELIANCE8% ₹72 Cr 525,000  NTPC Ltd (Utilities) 
Equity, Since 31 Jan 22 | 5325555% ₹46 Cr 1,340,000  UltraTech Cement Ltd (Basic Materials) 
Equity, Since 31 Oct 19 | 5325384% ₹34 Cr 28,000  Bharat Electronics Ltd (Industrials) 
Equity, Since 31 Jul 22 | BEL3% ₹27 Cr 675,000  Power Grid Corp Of India Ltd (Utilities) 
Equity, Since 31 Mar 22 | 5328982% ₹22 Cr 800,000  ICICI Bank Ltd (Financial Services) 
Equity, Since 30 Jun 18 | ICICIBANK2% ₹20 Cr 145,000 
 ↓ -5,000  Bharat Petroleum Corp Ltd (Energy) 
Equity, Since 30 Sep 19 | 5005472% ₹20 Cr 575,000  GE Vernova T&D India Ltd (Industrials) 
Equity, Since 30 Sep 24 | 5222752% ₹19 Cr 64,000 
 ↓ -3,000 5. Sundaram Global Advantage Fund
Sundaram Global Advantage Fund 
 Growth Launch Date   24 Aug 07  NAV (28 Oct 25)   ₹39.2851  ↑ 0.20   (0.51 %)  Net Assets (Cr)   ₹130 on 31 Aug 25  Category  Equity - Global AMC   Sundaram Asset Management Company Ltd  Rating  ☆☆ Risk  High Expense Ratio  1.07 Sharpe Ratio  0.81 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  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 Sep 20 ₹10,000 30 Sep 21 ₹12,437 30 Sep 22 ₹10,065 30 Sep 23 ₹13,068 30 Sep 24 ₹15,923 30 Sep 25 ₹19,168  Returns for Sundaram Global Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 25 Duration Returns 1 Month  4.5%  3 Month  10.6%  6 Month  26%  1 Year  27.2%  3 Year  22.2%  5 Year  15.5%  10 Year    15 Year    Since launch  7.8%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  13.1%  2023  30.1%  2022  -15.4%  2021  18.5%  2020  21.4%  2019  17.6%  2018  -8.1%  2017  19.8%  2016  12.8%  2015  -14.2%   Fund Manager information for Sundaram Global Advantage Fund 
Name Since Tenure Pathanjali Srinivasan 1 Apr 24 1.5 Yr. Data below for Sundaram Global Advantage Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Technology 34.68% Consumer Cyclical 19.7% Financial Services 14.92% Communication Services 13% Consumer Defensive 9.38% Industrials 4.41%  Asset Allocation 
Asset Class Value Cash 3.9% Equity 96.1%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Sundaram Global Brand Master  
Investment Fund  | -96% ₹133 Cr 8,533,787 
 ↑ 250,563  Treps  
CBLO/Reverse Repo  | -4% ₹6 Cr  Cash And Other Net Current Assets  
CBLO  | -0% ₹0 Cr 
Research Highlights for Franklin India Short Term Income Plan - Retail Plan