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How Can UAE-Based NRIs Invest in Mutual Funds in India?
Non-Resident Indians living in the United Arab Emirates (UAE) can invest in Mutual Funds in India on both repatriate and non-repatriate Basis. Mutual Funds are a good investment option for Non-Resident Indians (NRIs) to earn benefits and participate in the growth of the nation.
NRIs living in UAE can invest in a host of mutual fund schemes as per their investment objectives. Also, one who wants to diversify the investment Portfolio and earn optimal returns over the time, mutual funds are a great option to consider.
According to a survey titled 'The NRIs' Investment Inflows into India - A Pulse Study' stated that UAE-based NRIs are expected to increase their investment inflows into India after the upcoming general elections. With significant economic clout, the United Arab Emirate’s sizable Indian community can be seen as a natural source for inward investments into India as most make investments. One of the main reasons for investment is to plan for retirement in their home country.
The survey also says that Non-Resident Indian (NRI) investments were spread across a wide Range of asset classes. Some of them are long-term Investment plan (30%), formally constituted retirement plans (26%) and government-backed infrastructure funds (15%), etc.
However, there are some of the important guidelines & rules that an UAE-based NRI need to follow in order to begin their investment in Mutual Funds in India.
Investment in Mutual Funds for NRIs Living in UAE
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).
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 UAE NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, UAE NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
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Non-Resident Indian (NRI) Mutual Fund Taxation
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Best Performing Mutual Funds for UAE NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. SBI PSU Fund Growth 10.8 29.5 84.7 40.4 27.1 54 Sectoral Invesco India PSU Equity Fund Growth 17 37.1 84.4 39.3 31.6 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 12 29.4 63 39 30.4 44.6 Sectoral Motilal Oswal Midcap 30 Fund Growth 19.9 33.1 68.1 38.5 33.9 41.7 Mid Cap Nippon India Power and Infra Fund Growth 14.6 32.1 72.1 37.6 30.6 58 Sectoral LIC MF Infrastructure Fund Growth 25.3 43 83.5 37.4 29.3 44.4 Sectoral HDFC Infrastructure Fund Growth 11.7 26.9 67.2 36 25.4 55.4 Sectoral DSP BlackRock India T.I.G.E.R Fund Growth 15.6 34.1 70.2 35.4 30 49 Sectoral Franklin Build India Fund Growth 12.7 27.4 68.2 34.3 28.6 51.1 Sectoral Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 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 (Erstwhile Reliance Diversified Power Sector Fund) The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in the power sector. Nippon India Power and Infra Fund is a Equity - Sectoral fund was launched on 8 May 04. It is a fund with High risk and has given a Below is the key information for Nippon India Power and Infra Fund Returns up to 1 year are on The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. LIC MF Infrastructure Fund is a Equity - Sectoral fund was launched on 29 Feb 08. It is a fund with High risk and has given a Below is the key information for LIC MF Infrastructure Fund Returns up to 1 year are on To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of infrastructure. HDFC Infrastructure Fund is a Equity - Sectoral fund was launched on 10 Mar 08. It is a fund with High risk and has given a Below is the key information for HDFC Infrastructure Fund Returns up to 1 year are on To generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the government and/or continuing investments in infrastructure, both by the public and private sector. DSP BlackRock India T.I.G.E.R Fund is a Equity - Sectoral fund was launched on 11 Jun 04. It is a fund with High risk and has given a Below is the key information for DSP BlackRock India T.I.G.E.R Fund Returns up to 1 year are on The Scheme seeks to achieve capital appreciation by investing in companies engaged directly or indirectly in infrastructure related activities. Franklin Build India Fund is a Equity - Sectoral fund was launched on 4 Sep 09. It is a fund with High risk and has given a Below is the key information for Franklin Build India Fund Returns up to 1 year are on 1. SBI PSU Fund
CAGR/Annualized return of 9% 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 (24 Jul 24) ₹33.6726 ↑ 0.27 (0.82 %) 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 24 Jul 24 Duration Returns 1 Month 3% 3 Month 10.8% 6 Month 29.5% 1 Year 84.7% 3 Year 40.4% 5 Year 27.1% 10 Year 15 Year Since launch 9% 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 (24 Jul 24) ₹67.77 ↑ 0.29 (0.43 %) 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 24 Jul 24 Duration Returns 1 Month 1.4% 3 Month 17% 6 Month 37.1% 1 Year 84.4% 3 Year 39.3% 5 Year 31.6% 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 (24 Jul 24) ₹11.5491 ↑ 0.00 (0.02 %) 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 24 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 (24 Jul 24) ₹192.32 ↑ 1.15 (0.60 %) 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 24 Jul 24 Duration Returns 1 Month 2.2% 3 Month 12% 6 Month 29.4% 1 Year 63% 3 Year 39% 5 Year 30.4% 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 24.6% 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 (24 Jul 24) ₹98.3563 ↑ 1.23 (1.26 %) 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 24 Jul 24 Duration Returns 1 Month 4.6% 3 Month 19.9% 6 Month 33.1% 1 Year 68.1% 3 Year 38.5% 5 Year 33.9% 10 Year 15 Year Since launch 24.6% 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 6. Nippon India Power and Infra Fund
CAGR/Annualized return of 19.5% since its launch. Ranked 13 in Sectoral category. Return for 2023 was 58% , 2022 was 10.9% and 2021 was 48.9% . Nippon India Power and Infra Fund
Growth Launch Date 8 May 04 NAV (24 Jul 24) ₹368.637 ↑ 1.24 (0.34 %) Net Assets (Cr) ₹6,694 on 30 Jun 24 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.23 Sharpe Ratio 4.16 Information Ratio 1.69 Alpha Ratio 19.54 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 ₹8,161 30 Jun 21 ₹13,274 30 Jun 22 ₹13,569 30 Jun 23 ₹19,915 30 Jun 24 ₹36,330 Returns for Nippon India Power and Infra Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 1.7% 3 Month 14.6% 6 Month 32.1% 1 Year 72.1% 3 Year 37.6% 5 Year 30.6% 10 Year 15 Year Since launch 19.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 58% 2022 10.9% 2021 48.9% 2020 10.8% 2019 -2.9% 2018 -21.1% 2017 61.7% 2016 0.1% 2015 0.3% 2014 50.8% Fund Manager information for Nippon India Power and Infra Fund
Name Since Tenure Sanjay Doshi 2 Jan 17 7.5 Yr. Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India Power and Infra Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 39.27% Utility 14.61% Basic Materials 10.47% Energy 7.48% Communication Services 7.27% Real Estate 5.03% Consumer Cyclical 4.68% Technology 4.41% Health Care 2.31% Asset Allocation
Asset Class Value Cash 4.47% Equity 95.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE7% ₹501 Cr 1,600,000
↑ 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 07 | LT7% ₹479 Cr 1,350,000
↑ 350,000 NTPC Ltd (Utilities)
Equity, Since 31 May 09 | NTPC6% ₹414 Cr 10,947,087
↑ 1,447,087 Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES5% ₹328 Cr 850,900 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 18 | BHARTIARTL5% ₹318 Cr 2,200,000
↑ 400,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO5% ₹315 Cr 270,000
↑ 35,000 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | BOSCHLTD5% ₹314 Cr 92,000
↑ 7,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Sep 23 | CARBORUNIV4% ₹262 Cr 1,569,339
↑ 69,339 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Oct 21 | POWERGRID4% ₹248 Cr 7,500,000
↑ 1,500,000 Honeywell Automation India Ltd (Industrials)
Equity, Since 31 Jan 24 | HONAUT3% ₹227 Cr 40,000 7. LIC MF Infrastructure Fund
CAGR/Annualized return of 10.4% since its launch. Return for 2023 was 44.4% , 2022 was 7.9% and 2021 was 46.6% . LIC MF Infrastructure Fund
Growth Launch Date 29 Feb 08 NAV (24 Jul 24) ₹50.8073 ↑ 0.77 (1.54 %) Net Assets (Cr) ₹430 on 30 Jun 24 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.29 Sharpe Ratio 4.18 Information Ratio 0.83 Alpha Ratio 37.85 Min Investment 5,000 Min SIP Investment 1,000 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 ₹7,955 30 Jun 21 ₹12,715 30 Jun 22 ₹14,161 30 Jun 23 ₹18,029 30 Jun 24 ₹33,400 Returns for LIC MF Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 3.3% 3 Month 25.3% 6 Month 43% 1 Year 83.5% 3 Year 37.4% 5 Year 29.3% 10 Year 15 Year Since launch 10.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 44.4% 2022 7.9% 2021 46.6% 2020 -0.1% 2019 13.3% 2018 -14.6% 2017 42.2% 2016 -2.2% 2015 -6.2% 2014 49.6% Fund Manager information for LIC MF Infrastructure Fund
Name Since Tenure Yogesh Patil 18 Sep 20 3.79 Yr. Mahesh Bendre 1 Jul 24 0 Yr. Data below for LIC MF Infrastructure Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 56.79% Basic Materials 9.34% Utility 8.35% Consumer Cyclical 7.16% Financial Services 5.04% Technology 2.88% Real Estate 2.32% Health Care 0.85% Communication Services 0.65% Asset Allocation
Asset Class Value Cash 6.62% Equity 93.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity Schneider Electric Infrastructure Ltd (Industrials)
Equity, Since 31 Dec 23 | SCHNEIDER4% ₹17 Cr 201,633
↑ 23,278 Bharat Bijlee Ltd (Industrials)
Equity, Since 31 Jul 22 | BBL4% ₹17 Cr 37,266
↑ 2,018 Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 31 Aug 23 | 5006554% ₹17 Cr 72,151
↓ -4,188 Shakti Pumps (India) Ltd (Industrials)
Equity, Since 31 Mar 24 | SHAKTIPUMP4% ₹15 Cr 41,374 Texmaco Rail & Engineering Ltd (Industrials)
Equity, Since 30 Nov 23 | TEXRAIL3% ₹15 Cr 597,104 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Oct 20 | GSPL3% ₹14 Cr 475,703
↑ 178,599 Cummins India Ltd (Industrials)
Equity, Since 31 May 21 | CUMMINSIND3% ₹13 Cr 33,813 GE T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | GET&D3% ₹13 Cr 86,036 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Oct 23 | KIRLOSENG2% ₹10 Cr 72,593 REC Ltd (Financial Services)
Equity, Since 31 Jul 23 | RECLTD2% ₹10 Cr 187,819 8. HDFC Infrastructure Fund
CAGR/Annualized return of since its launch. Ranked 26 in Sectoral category. Return for 2023 was 55.4% , 2022 was 19.3% and 2021 was 43.2% . HDFC Infrastructure Fund
Growth Launch Date 10 Mar 08 NAV (24 Jul 24) ₹48.666 ↑ 0.55 (1.14 %) Net Assets (Cr) ₹2,311 on 30 Jun 24 Category Equity - Sectoral AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.56 Sharpe Ratio 4.11 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 30 Jun 19 ₹10,000 30 Jun 20 ₹6,051 30 Jun 21 ₹10,438 30 Jun 22 ₹10,931 30 Jun 23 ₹15,678 30 Jun 24 ₹27,561 Returns for HDFC Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 1.3% 3 Month 11.7% 6 Month 26.9% 1 Year 67.2% 3 Year 36% 5 Year 25.4% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 55.4% 2022 19.3% 2021 43.2% 2020 -7.5% 2019 -3.4% 2018 -29% 2017 43.3% 2016 -1.9% 2015 -2.5% 2014 73.9% Fund Manager information for HDFC Infrastructure Fund
Name Since Tenure Srinivasan Ramamurthy 12 Jan 24 0.47 Yr. Dhruv Muchhal 22 Jun 23 1.03 Yr. Data below for HDFC Infrastructure Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 35.45% Financial Services 20.09% Basic Materials 10.63% Energy 9.01% Utility 6.89% Communication Services 3.12% Health Care 1.34% Consumer Cyclical 1.31% Technology 1.28% Real Estate 0.91% Asset Allocation
Asset Class Value Cash 8.9% Equity 90.03% Debt 1.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹132 Cr 1,100,000 J Kumar Infraprojects Ltd (Industrials)
Equity, Since 31 Oct 15 | JKIL5% ₹125 Cr 1,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 23 | HDFCBANK5% ₹118 Cr 700,000
↑ 50,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT4% ₹89 Cr 250,000 Coal India Ltd (Energy)
Equity, Since 31 Oct 18 | COALINDIA4% ₹85 Cr 1,800,000
↓ -100,000 NTPC Ltd (Utilities)
Equity, Since 31 Dec 17 | NTPC3% ₹79 Cr 2,084,125 Reliance Industries Ltd (Energy)
Equity, Since 31 May 24 | RELIANCE3% ₹78 Cr 250,000
↑ 100,000 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 23 | KPIL3% ₹76 Cr 650,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 20 | BHARTIARTL3% ₹72 Cr 500,000 G R Infraprojects Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433173% ₹63 Cr 363,007 9. DSP BlackRock India T.I.G.E.R Fund
CAGR/Annualized return of 19% since its launch. Ranked 12 in Sectoral category. Return for 2023 was 49% , 2022 was 13.9% and 2021 was 51.6% . DSP BlackRock India T.I.G.E.R Fund
Growth Launch Date 11 Jun 04 NAV (24 Jul 24) ₹331.523 ↑ 2.88 (0.88 %) Net Assets (Cr) ₹4,896 on 30 Jun 24 Category Equity - Sectoral AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.24 Sharpe Ratio 3.51 Information Ratio 0 Alpha Ratio 0 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 Jun 19 ₹10,000 30 Jun 20 ₹7,522 30 Jun 21 ₹13,306 30 Jun 22 ₹14,039 30 Jun 23 ₹19,305 30 Jun 24 ₹34,570 Returns for DSP BlackRock India T.I.G.E.R Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 1% 3 Month 15.6% 6 Month 34.1% 1 Year 70.2% 3 Year 35.4% 5 Year 30% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 2023 49% 2022 13.9% 2021 51.6% 2020 2.7% 2019 6.7% 2018 -17.2% 2017 47% 2016 4.1% 2015 0.7% 2014 61.3% Fund Manager information for DSP BlackRock India T.I.G.E.R Fund
Name Since Tenure Rohit Singhania 21 Jun 10 14.04 Yr. Jay Kothari 16 Mar 18 6.3 Yr. Charanjit Singh 1 Jan 21 3.5 Yr. Data below for DSP BlackRock India T.I.G.E.R Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 47.59% Basic Materials 15.58% Consumer Cyclical 10.02% Energy 8.49% Utility 6.41% Communication Services 4.75% Technology 2.88% Real Estate 0.9% Consumer Defensive 0.62% Asset Allocation
Asset Class Value Cash 2.77% Equity 97.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 30 Nov 17 | NTPC5% ₹245 Cr 6,478,825
↑ 1,450,010 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 04 | LT4% ₹210 Cr 591,385
↑ 107,400 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Mar 23 | KIRLOSENG4% ₹196 Cr 1,408,859
↓ -38,186 Siemens Ltd (Industrials)
Equity, Since 30 Nov 18 | SIEMENS4% ₹196 Cr 254,165
↑ 19,412 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL3% ₹156 Cr 1,080,606
↑ 399,388 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 22 | KPIL3% ₹136 Cr 1,155,215
↑ 198,176 Coal India Ltd (Energy)
Equity, Since 31 Dec 23 | COALINDIA3% ₹128 Cr 2,713,200
↑ 1,170,737 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 21 | POLYCAB3% ₹124 Cr 184,466
↑ 16,110 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 22 | APARINDS2% ₹120 Cr 141,824 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Mar 22 | HAL2% ₹109 Cr 206,681
↓ -94,083 10. Franklin Build India Fund
CAGR/Annualized return of 19.6% since its launch. Ranked 4 in Sectoral category. Return for 2023 was 51.1% , 2022 was 11.2% and 2021 was 45.9% . Franklin Build India Fund
Growth Launch Date 4 Sep 09 NAV (24 Jul 24) ₹143.248 ↑ 1.24 (0.87 %) Net Assets (Cr) ₹2,738 on 30 Jun 24 Category Equity - Sectoral AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.29 Sharpe Ratio 3.94 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 ₹7,621 30 Jun 21 ₹12,989 30 Jun 22 ₹13,563 30 Jun 23 ₹18,522 30 Jun 24 ₹32,881 Returns for Franklin Build India Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 1.2% 3 Month 12.7% 6 Month 27.4% 1 Year 68.2% 3 Year 34.3% 5 Year 28.6% 10 Year 15 Year Since launch 19.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 51.1% 2022 11.2% 2021 45.9% 2020 5.4% 2019 6% 2018 -10.7% 2017 43.3% 2016 8.4% 2015 2.1% 2014 93.8% Fund Manager information for Franklin Build India Fund
Name Since Tenure Ajay Argal 18 Oct 21 2.7 Yr. Kiran Sebastian 7 Feb 22 2.4 Yr. Sandeep Manam 18 Oct 21 2.7 Yr. Data below for Franklin Build India Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 40.96% Financial Services 11.73% Utility 10.32% Energy 9.54% Basic Materials 7.25% Communication Services 5.54% Real Estate 3.98% Consumer Cyclical 3.94% Technology 1.64% Asset Allocation
Asset Class Value Cash 5.03% Equity 94.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 20 | LT9% ₹240 Cr 675,000
↑ 50,000 NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | NTPC5% ₹149 Cr 3,930,000
↓ -320,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE5% ₹138 Cr 440,000
↑ 59,000 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 30 Nov 21 | KIRLOSENG5% ₹131 Cr 943,250
↓ -176,597 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | ICICIBANK5% ₹129 Cr 1,075,000
↑ 275,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 19 | ONGC5% ₹123 Cr 4,500,000
↓ -250,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 21 | POWERGRID4% ₹111 Cr 3,365,000
↓ -360,000 Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 31 Aug 22 | 5052834% ₹109 Cr 807,847
↓ -6,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 09 | BHARTIARTL4% ₹103 Cr 710,000 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 15 | KEI4% ₹97 Cr 218,994
↓ -10,413
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