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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 (%) 2022 (%) Sub Cat. Nippon India Small Cap Fund Growth 12.9 7.8 26.4 48.1 19 6.5 Small Cap HDFC Small Cap Fund Growth 12.1 10.7 31.9 44.8 14.4 4.6 Small Cap L&T Emerging Businesses Fund Growth 10.6 7.3 21.8 44.6 14.1 1 Small Cap ICICI Prudential Smallcap Fund Growth 12.3 6.2 17.5 44.4 17 5.7 Small Cap BOI AXA Credit Risk Fund Growth 1.7 2.8 5.3 43 -4.3 143.1 Credit Risk Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Jun 23
*List of funds is based on past 3 Year Returns in decending order.
The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Small Cap Fund is a Equity - Small Cap fund was launched on 16 Sep 10. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Small Cap Fund Returns up to 1 year are on To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies. HDFC Small Cap Fund is a Equity - Small Cap fund was launched on 3 Apr 08. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Small Cap 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 (Erstwhile ICICI Prudential Indo Asia Equity Fund) ICICI Prudential Indo Asia Equity Fund is an OE equity scheme that seeks to generate long term capital appreciation by investing in equity, equity related securities and or share classes/units of equity funds of companies, which are incorporated or have their area of primary activity, in the Asia Pacific region. Initially the Scheme will invest in share classes of International Opportunities Fund Asian Equity Fund and thereafter the Fund Manager of the Indo Asia Equity Fund may choose to make investment in listed equity shares, securities in the Asia Pacific region. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential Smallcap Fund is a Equity - Small Cap fund was launched on 18 Oct 07. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Smallcap 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 1. Nippon India Small Cap Fund
CAGR/Annualized return of 20.2% since its launch. Ranked 6 in Small Cap category. Return for 2022 was 6.5% , 2021 was 74.3% and 2020 was 29.2% . Nippon India Small Cap Fund
Growth Launch Date 16 Sep 10 NAV (02 Jun 23) ₹103.371 ↑ 0.60 (0.58 %) Net Assets (Cr) ₹26,294 on 30 Apr 23 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 0.36 Information Ratio 1.25 Alpha Ratio 8.78 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,349 31 May 20 ₹6,969 31 May 21 ₹15,355 31 May 22 ₹18,355 31 May 23 ₹23,287 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 7.2% 3 Month 12.9% 6 Month 7.8% 1 Year 26.4% 3 Year 48.1% 5 Year 19% 10 Year 15 Year Since launch 20.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.5% 2021 74.3% 2020 29.2% 2019 -2.5% 2018 -16.7% 2017 63% 2016 5.6% 2015 15.1% 2014 97.6% 2013 11.9% Fund Manager information for Nippon India Small Cap Fund
Name Since Tenure Samir Rachh 2 Jan 17 6.33 Yr. Kinjal Desai 25 May 18 4.94 Yr. Tejas Sheth 1 Feb 23 0.24 Yr. Akshay Sharma 1 Dec 22 0.41 Yr. Data below for Nippon India Small Cap Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Industrials 27.86% Consumer Cyclical 15.11% Financial Services 14.37% Basic Materials 14.33% Consumer Defensive 7.77% Technology 7.22% Health Care 5.4% Energy 1.46% Communication Services 1.21% Utility 0.47% Real Estate 0.43% Asset Allocation
Asset Class Value Cash 3.17% Equity 96.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | TIINDIA3% ₹846 Cr 3,267,559 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹456 Cr 2,700,000 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH2% ₹436 Cr 4,756,932 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 21 | BANKBARODA2% ₹433 Cr 23,045,248 NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | NIITLTD2% ₹401 Cr 11,111,066
↑ 15,650 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | BALRAMCHIN1% ₹386 Cr 9,291,212 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | NAVINFLUOR1% ₹382 Cr 787,244 Tejas Networks Ltd (Technology)
Equity, Since 30 Jun 17 | TEJASNET1% ₹380 Cr 5,763,697 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 21 | LT1% ₹374 Cr 1,583,030 Zydus Wellness Ltd (Consumer Defensive)
Equity, Since 31 Aug 16 | ZYDUSWELL1% ₹369 Cr 2,373,458 2. HDFC Small Cap Fund
CAGR/Annualized return of 15.6% since its launch. Ranked 9 in Small Cap category. Return for 2022 was 4.6% , 2021 was 64.9% and 2020 was 20.2% . HDFC Small Cap Fund
Growth Launch Date 3 Apr 08 NAV (02 Jun 23) ₹89.662 ↑ 0.19 (0.21 %) Net Assets (Cr) ₹15,857 on 30 Apr 23 Category Equity - Small Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 0.62 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,563 31 May 20 ₹6,062 31 May 21 ₹13,187 31 May 22 ₹14,595 31 May 23 ₹19,312 Returns for HDFC Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 6.7% 3 Month 12.1% 6 Month 10.7% 1 Year 31.9% 3 Year 44.8% 5 Year 14.4% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 2021 64.9% 2020 20.2% 2019 -9.5% 2018 -8.1% 2017 60.8% 2016 5.4% 2015 6.4% 2014 51.5% 2013 7.5% Fund Manager information for HDFC Small Cap Fund
Name Since Tenure Chirag Setalvad 28 Jun 14 8.85 Yr. Priya Ranjan 1 May 22 1 Yr. Data below for HDFC Small Cap Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Industrials 26.71% Consumer Cyclical 19.76% Financial Services 13.56% Technology 12.61% Basic Materials 8.1% Health Care 4.8% Consumer Defensive 3.41% Communication Services 1.91% Asset Allocation
Asset Class Value Cash 8.45% Equity 91.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sonata Software Ltd Shs Dematerialised (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW5% ₹791 Cr 9,259,329
↓ -131,322 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | BANKBARODA4% ₹691 Cr 36,828,792 Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC4% ₹608 Cr 5,537,944 Firstsource Solutions Ltd Shs Dematerialised (Technology)
Equity, Since 31 Mar 18 | FSL3% ₹554 Cr 47,400,000 Great Eastern Shipping Co Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jan 15 | GESHIP3% ₹452 Cr 6,668,480 IDFC Ltd (Financial Services)
Equity, Since 31 Oct 21 | IDFC3% ₹444 Cr 50,571,544 eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX3% ₹420 Cr 3,099,516
↑ 77,260 Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM3% ₹408 Cr 16,530,886 KEI Industries Ltd (Industrials)
Equity, Since 30 Sep 17 | KEI3% ₹400 Cr 2,110,000 Kirloskar Ferrous Industries Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Apr 18 | 5002452% ₹371 Cr 8,965,017 3. L&T Emerging Businesses Fund
CAGR/Annualized return of 20% since its launch. Ranked 2 in Small Cap category. Return for 2022 was 1% , 2021 was 77.4% and 2020 was 15.5% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (02 Jun 23) ₹52.3116 ↑ 0.28 (0.54 %) Net Assets (Cr) ₹8,672 on 31 Jan 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.87 Sharpe Ratio -0.15 Information Ratio 0.61 Alpha Ratio 3.77 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 May 18 ₹10,000 31 May 19 ₹8,939 31 May 20 ₹6,056 31 May 21 ₹12,883 31 May 22 ₹15,567 31 May 23 ₹18,968 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 4.3% 3 Month 10.6% 6 Month 7.3% 1 Year 21.8% 3 Year 44.6% 5 Year 14.1% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 2013 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 3.37 Yr. Vihang Naik 17 Dec 19 3.37 Yr. Data below for L&T Emerging Businesses Fund as on 31 Jan 23
Equity Sector Allocation
Sector Value Industrials 34.81% Basic Materials 17.04% Consumer Cyclical 15.6% Financial Services 9.15% Technology 7.18% Real Estate 5.69% Consumer Defensive 4.82% Health Care 2.66% Energy 1.27% Communication Services 0.08% Asset Allocation
Asset Class Value Cash 1.7% Equity 98.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹269 Cr 5,081,639 RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM3% ₹235 Cr 3,018,479 Indian Bank (Financial Services)
Equity, Since 31 Jan 22 | 5328143% ₹230 Cr 7,556,600 Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | 5060763% ₹225 Cr 1,127,322 Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV3% ₹219 Cr 2,249,700 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹215 Cr 1,329,400 JK Lakshmi Cement Ltd (Basic Materials)
Equity, Since 31 Oct 20 | JKLAKSHMI2% ₹209 Cr 2,845,600 E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY2% ₹207 Cr 3,804,620 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS2% ₹200 Cr 1,184,900 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹195 Cr 880,422 4. ICICI Prudential Smallcap Fund
CAGR/Annualized return of 12% since its launch. Ranked 26 in Small Cap category. Return for 2022 was 5.7% , 2021 was 61% and 2020 was 22.8% . ICICI Prudential Smallcap Fund
Growth Launch Date 18 Oct 07 NAV (02 Jun 23) ₹58.94 ↑ 0.30 (0.51 %) Net Assets (Cr) ₹5,036 on 30 Apr 23 Category Equity - Small Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.2 Information Ratio 0.44 Alpha Ratio 4.5 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,623 31 May 20 ₹6,785 31 May 21 ₹15,079 31 May 22 ₹18,001 31 May 23 ₹21,293 Returns for ICICI Prudential Smallcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 7.8% 3 Month 12.3% 6 Month 6.2% 1 Year 17.5% 3 Year 44.4% 5 Year 17% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.7% 2021 61% 2020 22.8% 2019 10% 2018 -22.4% 2017 42.7% 2016 6% 2015 0.5% 2014 50.6% 2013 8.8% Fund Manager information for ICICI Prudential Smallcap Fund
Name Since Tenure Harish Bihani 5 Nov 18 4.49 Yr. Sharmila D’mello 30 Jun 22 0.84 Yr. Data below for ICICI Prudential Smallcap Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Industrials 23.67% Consumer Cyclical 21.35% Health Care 13.63% Financial Services 8.3% Basic Materials 6.67% Real Estate 4.08% Communication Services 4.05% Consumer Defensive 3.85% Technology 3.55% Asset Allocation
Asset Class Value Cash 10.01% Equity 89.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cyient Ltd (Industrials)
Equity, Since 31 Aug 18 | CYIENT5% ₹227 Cr 1,926,719
↓ -66,247 PVR INOX Ltd Shs Dematerialised (Communication Services)
Equity, Since 28 Feb 23 | PVRINOX4% ₹179 Cr 1,222,813 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 30 Sep 22 | 5433084% ₹179 Cr 1,183,364 EPL Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 21 | EPL3% ₹167 Cr 9,546,110
↑ 34,684 Rolex Rings Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433253% ₹161 Cr 873,867 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI3% ₹144 Cr 760,363
↓ -59,862 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 19 | MCX3% ₹128 Cr 917,205
↑ 50,000 CCL Products (India) Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | CCL3% ₹127 Cr 2,116,034
↓ -430,720 Tarsons Products Ltd (Healthcare)
Equity, Since 30 Nov 21 | 5433993% ₹127 Cr 2,250,439 Blue Star Ltd (Industrials)
Equity, Since 30 Nov 17 | BLUESTARCO2% ₹112 Cr 758,429
↓ -960 5. BOI AXA Credit Risk Fund
CAGR/Annualized return of 0.9% since its launch. Return for 2022 was 143.1% , 2021 was 9.4% and 2020 was -44.4% . BOI AXA Credit Risk Fund
Growth Launch Date 27 Feb 15 NAV (02 Jun 23) ₹10.7967 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹158 on 15 May 23 Category Debt - Credit Risk AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderate Expense Ratio 1.53 Sharpe Ratio -1.89 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 6.81% Effective Maturity 11 Months 8 Days Modified Duration 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,214 31 May 20 ₹2,743 31 May 21 ₹3,149 31 May 22 ₹7,626 31 May 23 ₹8,023 BOI AXA Credit Risk Fund SIP Returns
Returns for BOI AXA Credit Risk Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 2.8% 1 Year 5.3% 3 Year 43% 5 Year -4.3% 10 Year 15 Year Since launch 0.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 143.1% 2021 9.4% 2020 -44.4% 2019 -45.2% 2018 -0.3% 2017 9.3% 2016 11.2% 2015 2014 2013 Fund Manager information for BOI AXA Credit Risk Fund
Name Since Tenure Alok Singh 27 Feb 15 8.18 Yr. Data below for BOI AXA Credit Risk Fund as on 15 May 23
Asset Allocation
Asset Class Value Cash 36.67% Debt 63.33% Debt Sector Allocation
Sector Value Corporate 53.7% Cash Equivalent 36.67% Government 9.63% Credit Quality
Rating Value AA 86.55% AAA 12.14% Below B 1.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity Steel Authority Of India Limited
Debentures | -10% ₹15 Cr 1,500,000 Piramal Capital & Housing Finance Limited
Debentures | -9% ₹15 Cr 1,500,000 Manappuram Finance Limited
Debentures | -9% ₹15 Cr 1,500,000 Century Textiles And Industries Limited
Debentures | -9% ₹15 Cr 1,500,000 Godrej Industries Limited
Debentures | -9% ₹15 Cr 1,500,000 Power Finance Corporation Ltd.
Debentures | -6% ₹10 Cr 1,000,000 TATA Motors Limited
Debentures | -6% ₹9 Cr 920,000 The Tata Power Company Limited
Debentures | -3% ₹5 Cr 500,000 The Tata Power Company Limited
Debentures | -3% ₹5 Cr 500,000 IIFL Finance Limited
Debentures | -3% ₹5 Cr 500,000
Best Performing Mutual Funds for NRI's from US/Canada
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Sub Cat. L&T Emerging Businesses Fund Growth 10.6 7.3 21.8 44.6 14.1 1 Small Cap Sundaram Small Cap Fund Growth 11.5 7 21.6 40.3 10.9 -2.1 Small Cap L&T Infrastructure Fund Growth 12.4 10 24.8 33.5 10.8 3.1 Sectoral Sundaram Infrastructure Advantage Fund Growth 9.1 2.8 16.7 32 10.8 2.1 Sectoral UTI Transportation & Logistics Fund Growth 13.7 8 21.2 31.2 6.6 14.7 Sectoral Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Jun 23
*List of funds is based on past 3 Year Returns in decending order.
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 (Erstwhile Sundaram SMILE Fund) To primarily achieve capital appreciation by
investing in diversified stocks that are
generally termed as small and mid-caps and
by investing in other equities. Sundaram Small Cap Fund is a Equity - Small Cap fund was launched on 15 Feb 05. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Small Cap Fund Returns up to 1 year are on 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 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 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 1. L&T Emerging Businesses Fund
CAGR/Annualized return of 20% since its launch. Ranked 2 in Small Cap category. Return for 2022 was 1% , 2021 was 77.4% and 2020 was 15.5% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (02 Jun 23) ₹52.3116 ↑ 0.28 (0.54 %) Net Assets (Cr) ₹8,672 on 31 Jan 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.87 Sharpe Ratio -0.15 Information Ratio 0.61 Alpha Ratio 3.77 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 May 18 ₹10,000 31 May 19 ₹8,939 31 May 20 ₹6,056 31 May 21 ₹12,883 31 May 22 ₹15,567 31 May 23 ₹18,968 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 4.3% 3 Month 10.6% 6 Month 7.3% 1 Year 21.8% 3 Year 44.6% 5 Year 14.1% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 2013 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 3.37 Yr. Vihang Naik 17 Dec 19 3.37 Yr. Data below for L&T Emerging Businesses Fund as on 31 Jan 23
Equity Sector Allocation
Sector Value Industrials 34.81% Basic Materials 17.04% Consumer Cyclical 15.6% Financial Services 9.15% Technology 7.18% Real Estate 5.69% Consumer Defensive 4.82% Health Care 2.66% Energy 1.27% Communication Services 0.08% Asset Allocation
Asset Class Value Cash 1.7% Equity 98.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹269 Cr 5,081,639 RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM3% ₹235 Cr 3,018,479 Indian Bank (Financial Services)
Equity, Since 31 Jan 22 | 5328143% ₹230 Cr 7,556,600 Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | 5060763% ₹225 Cr 1,127,322 Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV3% ₹219 Cr 2,249,700 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹215 Cr 1,329,400 JK Lakshmi Cement Ltd (Basic Materials)
Equity, Since 31 Oct 20 | JKLAKSHMI2% ₹209 Cr 2,845,600 E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY2% ₹207 Cr 3,804,620 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS2% ₹200 Cr 1,184,900 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹195 Cr 880,422 2. Sundaram Small Cap Fund
CAGR/Annualized return of 16.5% since its launch. Ranked 19 in Small Cap category. Return for 2022 was -2.1% , 2021 was 60.3% and 2020 was 26.2% . Sundaram Small Cap Fund
Growth Launch Date 15 Feb 05 NAV (02 Jun 23) ₹164.357 ↑ 0.70 (0.43 %) Net Assets (Cr) ₹2,068 on 30 Apr 23 Category Equity - Small Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.19 Sharpe Ratio 0.1 Information Ratio -0.2 Alpha Ratio 4.85 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 31 May 18 ₹10,000 31 May 19 ₹8,508 31 May 20 ₹5,720 31 May 21 ₹12,200 31 May 22 ₹13,477 31 May 23 ₹16,338 Returns for Sundaram Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 7% 3 Month 11.5% 6 Month 7% 1 Year 21.6% 3 Year 40.3% 5 Year 10.9% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 2021 60.3% 2020 26.2% 2019 -6.1% 2018 -29.2% 2017 55.6% 2016 -0.1% 2015 7.8% 2014 108.7% 2013 -5% Fund Manager information for Sundaram Small Cap Fund
Name Since Tenure Ravi Gopalakrishnan 1 Jan 22 1.33 Yr. Rohit Seksaria 1 Nov 22 0.5 Yr. Data below for Sundaram Small Cap Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Industrials 22.18% Financial Services 21.76% Consumer Cyclical 17.55% Technology 7.51% Basic Materials 7.11% Health Care 6.75% Consumer Defensive 3.64% Communication Services 2.42% Real Estate 1.7% Asset Allocation
Asset Class Value Cash 8.36% Equity 91.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity KSB Ltd (Industrials)
Equity, Since 31 May 14 | KSB4% ₹77 Cr 342,887
↓ -10,000 Can Fin Homes Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Sep 20 | CANFINHOME3% ₹67 Cr 1,087,000 Westlife Foodworld Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 5055333% ₹63 Cr 824,354 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | KEI3% ₹62 Cr 327,000 KPIT Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | KPITTECH3% ₹59 Cr 643,156 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | RADICO3% ₹54 Cr 475,000 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | 5230252% ₹49 Cr 201,924 State Bank of India (Financial Services)
Equity, Since 31 Dec 21 | SBIN2% ₹46 Cr 803,001 Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jan 22 | 5004772% ₹46 Cr 3,150,000
↓ -290,000 ICRA Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICRA2% ₹43 Cr 90,000 3. L&T Infrastructure Fund
CAGR/Annualized return of 6.9% since its launch. Return for 2022 was 3.1% , 2021 was 56.3% and 2020 was 1.6% . L&T Infrastructure Fund
Growth Launch Date 27 Sep 07 NAV (02 Jun 23) ₹28.4009 ↑ 0.12 (0.44 %) Net Assets (Cr) ₹1,476 on 31 Jan 23 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.22 Sharpe Ratio -0.08 Information Ratio -0.18 Alpha Ratio 0.8 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 May 18 ₹10,000 31 May 19 ₹9,569 31 May 20 ₹6,711 31 May 21 ₹11,362 31 May 22 ₹13,073 31 May 23 ₹16,449 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 4.7% 3 Month 12.4% 6 Month 10% 1 Year 24.8% 3 Year 33.5% 5 Year 10.8% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -7% Fund Manager information for L&T Infrastructure Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 3.37 Yr. Gautam Bhupal 26 Nov 22 0.43 Yr. Data below for L&T Infrastructure Fund as on 31 Jan 23
Equity Sector Allocation
Sector Value Industrials 61.82% Basic Materials 13.79% Energy 6.92% Utility 5.25% Real Estate 4.23% Communication Services 3.49% Consumer Cyclical 2% Technology 0.6% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT9% ₹140 Cr 656,800
↓ -30,000 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325555% ₹77 Cr 4,524,000
↑ 449,700 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL4% ₹62 Cr 6,509,061 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹56 Cr 236,500 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO4% ₹55 Cr 77,900
↑ 21,300 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹50 Cr 651,500 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB3% ₹47 Cr 164,900 Aegis Logistics Ltd (Energy)
Equity, Since 31 Aug 16 | 5000033% ₹46 Cr 1,218,300 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 16 | CARBORUNIV3% ₹46 Cr 477,200 RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 16 | RHIM3% ₹46 Cr 594,640 4. Sundaram Infrastructure Advantage Fund
CAGR/Annualized return of 10.3% since its launch. Return for 2022 was 2.1% , 2021 was 49.5% and 2020 was 10.4% . Sundaram Infrastructure Advantage Fund
Growth Launch Date 29 Sep 05 NAV (02 Jun 23) ₹56.732 ↑ 0.32 (0.57 %) Net Assets (Cr) ₹625 on 30 Apr 23 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating Risk High Expense Ratio 2.56 Sharpe Ratio 0.14 Information Ratio 0.5 Alpha Ratio 1.6 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 31 May 18 ₹10,000 31 May 19 ₹9,974 31 May 20 ₹6,904 31 May 21 ₹12,555 31 May 22 ₹14,062 31 May 23 ₹16,479 Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 3.6% 3 Month 9.1% 6 Month 2.8% 1 Year 16.7% 3 Year 32% 5 Year 10.8% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -15.8% Fund Manager information for Sundaram Infrastructure Advantage Fund
Name Since Tenure Ratish Varier 23 Jul 20 2.77 Yr. Ashish Aggarwal 1 Jan 22 1.33 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Industrials 47% Basic Materials 11.47% Utility 9.19% Financial Services 8.16% Energy 7.81% Communication Services 6.27% Consumer Cyclical 3.23% Real Estate 3.04% Asset Allocation
Asset Class Value Cash 3.83% Equity 96.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT10% ₹60 Cr 253,000
↓ -17,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL6% ₹39 Cr 490,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹36 Cr 150,246 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO5% ₹31 Cr 41,200 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK5% ₹31 Cr 337,000
↓ -8,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Jan 22 | NTPC5% ₹29 Cr 1,700,000
↑ 35,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 22 | SBIN3% ₹20 Cr 347,000 KSB Ltd (Industrials)
Equity, Since 31 Aug 17 | KSB3% ₹17 Cr 77,700
↓ -12,889 ABB India Ltd (Industrials)
Equity, Since 30 Jun 22 | ABB3% ₹16 Cr 46,200 Grindwell Norton Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 18 | GRINDWELL2% ₹15 Cr 80,635 5. UTI Transportation & Logistics Fund
CAGR/Annualized return of 15.8% since its launch. Ranked 19 in Sectoral category. Return for 2022 was 14.7% , 2021 was 24.3% and 2020 was 11% . UTI Transportation & Logistics Fund
Growth Launch Date 11 Apr 04 NAV (02 Jun 23) ₹165.782 ↑ 1.32 (0.80 %) Net Assets (Cr) ₹2,019 on 30 Apr 23 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.33 Sharpe Ratio 0.54 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 May 18 ₹10,000 31 May 19 ₹7,772 31 May 20 ₹5,841 31 May 21 ₹10,135 31 May 22 ₹11,338 31 May 23 ₹13,548 Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23 Duration Returns 1 Month 8% 3 Month 13.7% 6 Month 8% 1 Year 21.2% 3 Year 31.2% 5 Year 6.6% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 24.7% Fund Manager information for UTI Transportation & Logistics Fund
Name Since Tenure Sachin Trivedi 22 Sep 16 6.61 Yr. Data below for UTI Transportation & Logistics Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Consumer Cyclical 76.38% Industrials 17.07% Financial Services 1.45% Asset Allocation
Asset Class Value Cash 5.1% Equity 94.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI13% ₹260 Cr 302,653 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M13% ₹258 Cr 2,102,981 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS10% ₹212 Cr 4,361,951 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT10% ₹196 Cr 592,702 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | BAJAJ-AUTO7% ₹142 Cr 319,911 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS5% ₹106 Cr 1,553,961 Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Jun 17 | 5004774% ₹86 Cr 5,883,869
↑ 400,000 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO3% ₹67 Cr 262,963 TVS Motor Co Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 30 Sep 19 | TVSMOTOR3% ₹60 Cr 523,301 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO3% ₹55 Cr 274,120
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