Fincash » Mutual Funds » Singapore-Based NRI Investment in Mutual Funds
Table of Contents
How Should NRIs in Singapore Opt for Mutual Funds in India?
As, India is one of the fastest growing economies in the world with over 5 percent GDP growth for many years, it attracts thousands of NRI investors from abroad. World Bank and IMF have projected India’s GDP to grow at 7.4 percent and 7.8 percent in 2018 and 2019 respectively. Currently, India is world’s fifth largest Economy at $2.7 trillion GDP.
Non-Resident Indians (NRIs) living in Singapore can plan their investment in Mutual Funds India in order to earn optimal returns in the long-run. Singapore-based NRIs can invest in stocks in India via mutual funds by Investing in Equity Funds. Equities are ideal for long-term investments, if you have goals like retirement, purchase of a house, or if you just want to build wealth these funds can be an ideal option. And in case, if you want to earn returns higher than bank savings accounts than investing in debt funds for short-term is advisable. Before investing, one should always access their risk ability.
The size of the Indian economy is expected to double to $5 trillion by 2025. Also, a report by the US Department of Agriculture projects India to become the third largest economy at $6.6 trillion by 2030.
Singapore-based NRIs who want to invest in Mutual Funds in India there are some of the important guidelines & rules that need to be followed in order to begin their investment.
Accounts for NRIs Living in Singapore
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 Singapore NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, Singapore 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.
Talk to our investment specialist
Mutual Fund Taxation for Non-Resident Indian(NRI)
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Best Mutual Funds for Singapore-Based NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Sub Cat. BOI AXA Credit Risk Fund Growth 1.3 2.6 5.5 40.9 -3 143.1 Credit Risk Nippon India Small Cap Fund Growth 7.6 27.7 39.6 40.8 28.2 6.5 Small Cap ICICI Prudential Infrastructure Fund Growth 11.3 27.2 37.3 40.5 24.6 28.8 Sectoral HDFC Infrastructure Fund Growth 12.9 38.2 46.3 39.4 19.1 19.3 Sectoral L&T Emerging Businesses Fund Growth 8.3 29 39.3 39 23.2 1 Small Cap HDFC Small Cap Fund Growth 6.9 24.5 38.5 36.8 22.3 4.6 Small Cap Nippon India Power and Infra Fund Growth 13.3 32.3 43.9 36.6 22.9 10.9 Sectoral DSP BlackRock India T.I.G.E.R Fund Growth 8.4 30.3 39.4 36.4 22.9 13.9 Sectoral Franklin India Smaller Companies Fund Growth 11 30.3 43.1 36.1 22.7 3.6 Small Cap IDFC Infrastructure Fund Growth 10.3 26.5 39.4 35.3 20.6 1.7 Sectoral Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Dec 23
*List of funds is based on past 3 Year Returns in decending order.
(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 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 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 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 long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. L&T Emerging Businesses Fund is a Equity - Small Cap fund was launched on 12 May 14. It is a fund with High risk and has given a Below is the key information for L&T Emerging Businesses Fund Returns up to 1 year are on To 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 (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 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 Fund seeks to provide long-term capital appreciation by investing in mid and small cap companies. Franklin India Smaller Companies Fund is a Equity - Small Cap fund was launched on 13 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Smaller Companies Fund Returns up to 1 year are on The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. However, there can be no assurance that the investment objective of the scheme will be realized. IDFC Infrastructure Fund is a Equity - Sectoral fund was launched on 8 Mar 11. It is a fund with High risk and has given a Below is the key information for IDFC Infrastructure Fund Returns up to 1 year are on 1. BOI AXA Credit Risk Fund
CAGR/Annualized return of 1.2% 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 (06 Dec 23) ₹11.0854 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹150 on 31 Oct 23 Category Debt - Credit Risk AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderate Expense Ratio 1.55 Sharpe Ratio -3.24 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 6.94% Effective Maturity 9 Months 11 Days Modified Duration 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹5,542 30 Nov 20 ₹3,074 30 Nov 21 ₹3,364 30 Nov 22 ₹8,162 30 Nov 23 ₹8,608 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 6 Dec 23 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.6% 1 Year 5.5% 3 Year 40.9% 5 Year -3% 10 Year 15 Year Since launch 1.2% 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 8.68 Yr. Data below for BOI AXA Credit Risk Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 46.52% Debt 53.2% Other 0.28% Debt Sector Allocation
Sector Value Cash Equivalent 45.86% Corporate 36.51% Government 17.36% Credit Quality
Rating Value AA 74.35% AAA 25.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity Manappuram Finance Limited
Debentures | -10% ₹15 Cr 1,500,000 Century Textiles And Industries Limited
Debentures | -10% ₹15 Cr 1,500,000 Godrej Industries Limited
Debentures | -10% ₹15 Cr 1,500,000 Steel Authority Of India Limited
Debentures | -9% ₹14 Cr 1,400,000 TATA Motors Limited
Debentures | -7% ₹10 Cr 1,000,000 Piramal Capital & Housing Finance Ltd
Debentures | -7% ₹10 Cr 1,000,000
↑ 500,000 The Tata Power Company Limited
Debentures | -7% ₹10 Cr 1,000,000 National Bank For Agriculture And Rural Development
Debentures | -7% ₹10 Cr 1,000,000 Power Finance Corporation Ltd.
Debentures | -3% ₹5 Cr 500,000 Export Import Bank Of India
Debentures | -1% ₹1 Cr 100,000 2. Nippon India Small Cap Fund
CAGR/Annualized return of 21.7% 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 (06 Dec 23) ₹133.67 ↑ 0.13 (0.10 %) Net Assets (Cr) ₹37,319 on 31 Oct 23 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.82 Sharpe Ratio 1.81 Information Ratio 1.48 Alpha Ratio 5.54 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 Nov 18 ₹10,000 30 Nov 19 ₹9,722 30 Nov 20 ₹11,819 30 Nov 21 ₹20,746 30 Nov 22 ₹23,979 30 Nov 23 ₹33,186 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 7.8% 3 Month 7.6% 6 Month 27.7% 1 Year 39.6% 3 Year 40.8% 5 Year 28.2% 10 Year 15 Year Since launch 21.7% 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 6.83 Yr. Kinjal Desai 25 May 18 5.44 Yr. Tejas Sheth 1 Feb 23 0.75 Yr. Akshay Sharma 1 Dec 22 0.92 Yr. Data below for Nippon India Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 30.99% Financial Services 13.76% Consumer Cyclical 11.51% Basic Materials 11.3% Technology 9.42% Health Care 7.9% Consumer Defensive 7.56% Communication Services 1.63% Utility 0.58% Energy 0.53% Real Estate 0.25% Asset Allocation
Asset Class Value Cash 3.69% Equity 96.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Apr 18 | TIINDIA3% ₹1,029 Cr 3,267,559 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹716 Cr 4,850,000
↑ 400,000 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS2% ₹580 Cr 1,120,116 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH2% ₹579 Cr 4,756,932 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | CREDITACC1% ₹542 Cr 3,393,401
↓ -200,000 Tejas Networks Ltd (Technology)
Equity, Since 30 Jun 17 | TEJASNET1% ₹494 Cr 5,763,697 ELANTAS Beck India Ltd (Basic Materials)
Equity, Since 28 Feb 13 | 5001231% ₹482 Cr 614,625 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 5900031% ₹455 Cr 31,784,062 NIIT Learning Systems Ltd (Consumer Defensive)
Equity, Since 30 Jun 23 | 5439521% ₹441 Cr 11,320,240 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | 5001031% ₹439 Cr 36,323,195 3. ICICI Prudential Infrastructure Fund
CAGR/Annualized return of 15.5% since its launch. Ranked 27 in Sectoral category. Return for 2022 was 28.8% , 2021 was 50.1% and 2020 was 3.6% . ICICI Prudential Infrastructure Fund
Growth Launch Date 31 Aug 05 NAV (06 Dec 23) ₹139.4 ↑ 0.22 (0.16 %) Net Assets (Cr) ₹3,345 on 31 Oct 23 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 1.75 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 Nov 18 ₹10,000 30 Nov 19 ₹10,619 30 Nov 20 ₹9,930 30 Nov 21 ₹16,421 30 Nov 22 ₹21,274 30 Nov 23 ₹28,149 Returns for ICICI Prudential Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 11.2% 3 Month 11.3% 6 Month 27.2% 1 Year 37.3% 3 Year 40.5% 5 Year 24.6% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -5% Fund Manager information for ICICI Prudential Infrastructure Fund
Name Since Tenure Ihab Dalwai 3 Jun 17 6.42 Yr. Sharmila D’mello 30 Jun 22 1.34 Yr. Data below for ICICI Prudential Infrastructure Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 27.88% Financial Services 17.23% Utility 16.88% Basic Materials 14.87% Energy 11.35% Communication Services 4.16% Consumer Cyclical 1.28% Real Estate 1.11% Asset Allocation
Asset Class Value Cash 4.14% Equity 94.76% Debt 1.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 5325559% ₹288 Cr 12,212,000
↑ 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 09 | LT6% ₹211 Cr 720,493
↑ 143,115 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK5% ₹169 Cr 1,850,000
↑ 370,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL4% ₹139 Cr 1,520,601 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 17 | 5003124% ₹133 Cr 7,145,300 Kalpataru Projects International Ltd (Industrials)
Equity, Since 30 Sep 06 | KPIL4% ₹119 Cr 1,800,000
↓ -41,962 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK3% ₹106 Cr 720,000 NCC Ltd (Industrials)
Equity, Since 31 Aug 21 | NCC3% ₹91 Cr 6,300,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO2% ₹75 Cr 305,301
↑ 40,000 Grasim Industries Ltd (Basic Materials)
Equity, Since 31 Aug 23 | GRASIM2% ₹72 Cr 382,000
↑ 90,000 4. HDFC Infrastructure Fund
CAGR/Annualized return of since its launch. Ranked 26 in Sectoral category. Return for 2022 was 19.3% , 2021 was 43.2% and 2020 was -7.5% . HDFC Infrastructure Fund
Growth Launch Date 10 Mar 08 NAV (06 Dec 23) ₹35.92 ↑ 0.21 (0.59 %) Net Assets (Cr) ₹958 on 31 Oct 23 Category Equity - Sectoral AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk High Expense Ratio 2.56 Sharpe Ratio 1.82 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 Nov 18 ₹10,000 30 Nov 19 ₹10,161 30 Nov 20 ₹8,001 30 Nov 21 ₹12,816 30 Nov 22 ₹15,701 30 Nov 23 ₹22,153 Returns for HDFC Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 10.6% 3 Month 12.9% 6 Month 38.2% 1 Year 46.3% 3 Year 39.4% 5 Year 19.1% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -14.4% Fund Manager information for HDFC Infrastructure Fund
Name Since Tenure Rakesh Vyas 1 Jun 19 4.42 Yr. Dhruv Muchhal 22 Jun 23 0.36 Yr. Data below for HDFC Infrastructure Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 45.96% Financial Services 16.51% Basic Materials 10.25% Energy 6.22% Utility 5.13% Consumer Cyclical 3.25% Technology 2.41% Real Estate 1.99% Communication Services 1.34% Asset Allocation
Asset Class Value Cash 6.94% Equity 93.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity J Kumar Infraprojects Ltd (Industrials)
Equity, Since 31 Oct 15 | JKIL7% ₹65 Cr 1,613,625 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT6% ₹61 Cr 209,762 Coal India Ltd (Energy)
Equity, Since 31 Oct 18 | COALINDIA6% ₹55 Cr 1,765,000 Premier Explosives Ltd (Basic Materials)
Equity, Since 31 May 17 | PREMEXPLN5% ₹49 Cr 375,467
↑ 18,371 NTPC Ltd (Utilities)
Equity, Since 31 Dec 17 | 5325555% ₹49 Cr 2,084,125 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 23 | KPIL5% ₹45 Cr 683,608 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹43 Cr 465,000
↑ 20,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 08 | SBIN4% ₹40 Cr 704,361 G R Infraprojects Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433173% ₹30 Cr 269,267
↑ 30,000 AIA Engineering Ltd (Industrials)
Equity, Since 31 Oct 21 | AIAENG3% ₹25 Cr 71,061 5. L&T Emerging Businesses Fund
CAGR/Annualized return of 22.2% 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 (06 Dec 23) ₹67.9148 ↓ -0.32 (-0.47 %) Net Assets (Cr) ₹11,552 on 31 Oct 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 1.86 Information Ratio 0.94 Alpha Ratio 6.15 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 Nov 18 ₹10,000 30 Nov 19 ₹9,347 30 Nov 20 ₹10,183 30 Nov 21 ₹17,984 30 Nov 22 ₹19,650 30 Nov 23 ₹27,449 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 8.9% 3 Month 8.3% 6 Month 29% 1 Year 39.3% 3 Year 39% 5 Year 23.2% 10 Year 15 Year Since launch 22.2% 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 3.88 Yr. Cheenu Gupta 1 Oct 23 0.08 Yr. Sonal Gupta 1 Oct 23 0.08 Yr. Data below for L&T Emerging Businesses Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 36.17% Consumer Cyclical 15.41% Basic Materials 14.64% Technology 9.73% Financial Services 8.2% Real Estate 5.55% Health Care 4.65% Consumer Defensive 3.32% Energy 0.81% Asset Allocation
Asset Class Value Cash 1.52% Equity 98.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹401 Cr 4,981,639 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹370 Cr 713,601
↓ -29,953 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW2% ₹282 Cr 2,448,245 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹266 Cr 2,188,200 Cera Sanitaryware Ltd (Industrials)
Equity, Since 31 Mar 19 | CERA2% ₹258 Cr 304,220 Birlasoft Ltd (Technology)
Equity, Since 31 Aug 20 | BSOFT2% ₹252 Cr 4,596,200 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹241 Cr 870,422 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹237 Cr 985,358 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329292% ₹233 Cr 3,791,618 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008402% ₹225 Cr 10,023,622 6. HDFC Small Cap Fund
CAGR/Annualized return of 16.7% 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 (06 Dec 23) ₹112.565 ↓ -0.27 (-0.24 %) Net Assets (Cr) ₹23,184 on 31 Oct 23 Category Equity - Small Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.82 Sharpe Ratio 2.07 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 Nov 18 ₹10,000 30 Nov 19 ₹9,227 30 Nov 20 ₹10,149 30 Nov 21 ₹17,279 30 Nov 22 ₹19,084 30 Nov 23 ₹26,388 Returns for HDFC Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 7.6% 3 Month 6.9% 6 Month 24.5% 1 Year 38.5% 3 Year 36.8% 5 Year 22.3% 10 Year 15 Year Since launch 16.7% 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 9.35 Yr. Dhruv Muchhal 22 Jun 23 0.36 Yr. Data below for HDFC Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 25.51% Consumer Cyclical 19.78% Financial Services 13.03% Technology 11.85% Health Care 10.64% Basic Materials 5.84% Consumer Defensive 3.5% Communication Services 3.13% Asset Allocation
Asset Class Value Cash 6.58% Equity 93.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW5% ₹1,097 Cr 9,506,167
↓ -3,687 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | 5321344% ₹840 Cr 42,828,792 Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | FSL3% ₹774 Cr 49,576,178
↑ 499,884 eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX3% ₹677 Cr 3,459,523
↑ 32,253 IDFC Ltd (Financial Services)
Equity, Since 31 Oct 21 | IDFC3% ₹585 Cr 51,071,544 Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC2% ₹570 Cr 5,582,540 Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM2% ₹550 Cr 16,680,886 Great Eastern Shipping Co Ltd (Industrials)
Equity, Since 31 Jan 15 | GESHIP2% ₹530 Cr 6,668,480 SKF India Ltd (Industrials)
Equity, Since 31 Jul 14 | SKFINDIA2% ₹513 Cr 1,044,491 Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Dec 20 | EQUITASBNK2% ₹482 Cr 51,962,349
↑ 15,145,921 7. Nippon India Power and Infra Fund
CAGR/Annualized return of 18.1% since its launch. Ranked 13 in Sectoral category. Return for 2022 was 10.9% , 2021 was 48.9% and 2020 was 10.8% . Nippon India Power and Infra Fund
Growth Launch Date 8 May 04 NAV (06 Dec 23) ₹259.614 ↑ 1.07 (0.41 %) Net Assets (Cr) ₹2,707 on 31 Oct 23 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.23 Sharpe Ratio 1.68 Information Ratio 1.91 Alpha Ratio 12.2 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 Nov 18 ₹10,000 30 Nov 19 ₹9,980 30 Nov 20 ₹10,240 30 Nov 21 ₹16,227 30 Nov 22 ₹18,747 30 Nov 23 ₹26,192 Returns for Nippon India Power and Infra Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 11.3% 3 Month 13.3% 6 Month 32.3% 1 Year 43.9% 3 Year 36.6% 5 Year 22.9% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -14.6% Fund Manager information for Nippon India Power and Infra Fund
Name Since Tenure Sanjay Doshi 2 Jan 17 6.83 Yr. Kinjal Desai 25 May 18 5.44 Yr. Akshay Sharma 1 Dec 22 0.92 Yr. Data below for Nippon India Power and Infra Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 33.92% Utility 16.65% Energy 10.09% Basic Materials 9.68% Consumer Cyclical 6.75% Communication Services 5.83% Real Estate 5.7% Technology 5.1% Health Care 1.78% Asset Allocation
Asset Class Value Cash 4.51% Equity 95.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 31 May 09 | 5325557% ₹200 Cr 8,500,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE7% ₹194 Cr 850,000
↑ 50,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 07 | LT7% ₹187 Cr 639,337 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | 5005306% ₹156 Cr 80,000
↑ 1,351 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 18 | BHARTIARTL5% ₹123 Cr 1,350,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO5% ₹122 Cr 145,000 Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES4% ₹95 Cr 397,598
↓ -10,923 Container Corporation of India Ltd (Industrials)
Equity, Since 31 Aug 22 | CONCOR3% ₹88 Cr 1,274,151 Coal India Ltd (Energy)
Equity, Since 31 Aug 23 | COALINDIA3% ₹79 Cr 2,500,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Oct 21 | 5328983% ₹73 Cr 3,600,000 8. DSP BlackRock India T.I.G.E.R Fund
CAGR/Annualized return of 17.5% since its launch. Ranked 12 in Sectoral category. Return for 2022 was 13.9% , 2021 was 51.6% and 2020 was 2.7% . DSP BlackRock India T.I.G.E.R Fund
Growth Launch Date 11 Jun 04 NAV (06 Dec 23) ₹231.753 ↑ 0.60 (0.26 %) Net Assets (Cr) ₹2,466 on 31 Oct 23 Category Equity - Sectoral AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk High Expense Ratio 2.24 Sharpe Ratio 1.44 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 Nov 18 ₹10,000 30 Nov 19 ₹10,867 30 Nov 20 ₹10,384 30 Nov 21 ₹16,680 30 Nov 22 ₹19,442 30 Nov 23 ₹26,461 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 6 Dec 23 Duration Returns 1 Month 12.1% 3 Month 8.4% 6 Month 30.3% 1 Year 39.4% 3 Year 36.4% 5 Year 22.9% 10 Year 15 Year Since launch 17.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -9.1% Fund Manager information for DSP BlackRock India T.I.G.E.R Fund
Name Since Tenure Rohit Singhania 21 Jun 10 13.37 Yr. Jay Kothari 16 Mar 18 5.63 Yr. Charanjit Singh 1 Jan 21 2.83 Yr. Data below for DSP BlackRock India T.I.G.E.R Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 48.33% Basic Materials 22.04% Utility 7.13% Consumer Cyclical 6.01% Technology 3.71% Energy 3.15% Communication Services 1.35% Real Estate 1.26% Consumer Defensive 1% Asset Allocation
Asset Class Value Cash 6.01% Equity 93.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 04 | LT4% ₹111 Cr 377,499 NTPC Ltd (Utilities)
Equity, Since 30 Nov 17 | 5325554% ₹95 Cr 4,030,210 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 22 | APARINDS4% ₹89 Cr 172,169 Siemens Ltd (Industrials)
Equity, Since 30 Nov 18 | 5005503% ₹78 Cr 234,753 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE3% ₹78 Cr 339,790 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 22 | KPIL3% ₹76 Cr 1,153,020
↓ -7,264 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Mar 22 | HAL3% ₹68 Cr 375,164 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Mar 23 | KIRLOSENG3% ₹66 Cr 1,217,141 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Dec 14 | ULTRACEMCO3% ₹63 Cr 74,347 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Mar 14 | SOLARINDS2% ₹60 Cr 109,256 9. Franklin India Smaller Companies Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 11 in Small Cap category. Return for 2022 was 3.6% , 2021 was 56.4% and 2020 was 18.7% . Franklin India Smaller Companies Fund
Growth Launch Date 13 Jan 06 NAV (06 Dec 23) ₹141.009 ↑ 0.37 (0.27 %) Net Assets (Cr) ₹9,684 on 31 Oct 23 Category Equity - Small Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 2.13 Information Ratio 0.35 Alpha Ratio 9.29 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 Nov 18 ₹10,000 30 Nov 19 ₹9,694 30 Nov 20 ₹10,697 30 Nov 21 ₹17,631 30 Nov 22 ₹19,020 30 Nov 23 ₹27,092 Returns for Franklin India Smaller Companies Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 8.9% 3 Month 11% 6 Month 30.3% 1 Year 43.1% 3 Year 36.1% 5 Year 22.7% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.6% 2021 56.4% 2020 18.7% 2019 -5% 2018 -17.4% 2017 43.5% 2016 10.2% 2015 9.6% 2014 89.9% 2013 13.2% Fund Manager information for Franklin India Smaller Companies Fund
Name Since Tenure R. Janakiraman 1 Feb 11 12.76 Yr. Sandeep Manam 18 Oct 21 2.04 Yr. Akhil Kalluri 8 Sep 22 1.15 Yr. Data below for Franklin India Smaller Companies Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 26.43% Financial Services 19.57% Consumer Cyclical 12.92% Basic Materials 7.3% Health Care 6.64% Technology 6.64% Consumer Defensive 5.29% Real Estate 5.24% Communication Services 0.99% Utility 0.97% Energy 0.38% Asset Allocation
Asset Class Value Cash 6.31% Equity 93.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 20 | EQUITASBNK5% ₹446 Cr 48,064,081 Brigade Enterprises Ltd (Real Estate)
Equity, Since 30 Jun 14 | 5329294% ₹363 Cr 5,893,691 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | KALYANKJIL3% ₹318 Cr 11,013,469 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Jan 16 | DEEPAKNTR3% ₹276 Cr 1,387,967 Jyothy Labs Ltd (Consumer Defensive)
Equity, Since 31 Dec 15 | 5329262% ₹233 Cr 6,413,765 KPIT Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | KPITTECH2% ₹228 Cr 1,872,610 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5900032% ₹228 Cr 15,898,917
↓ -1,250,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 20 | MCX2% ₹222 Cr 954,140 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 14 | JBCHEPHARM2% ₹222 Cr 1,588,976
↓ -75,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK2% ₹207 Cr 2,259,945 10. IDFC Infrastructure Fund
CAGR/Annualized return of 10.5% since its launch. Ranked 1 in Sectoral category. Return for 2022 was 1.7% , 2021 was 64.8% and 2020 was 6.3% . IDFC Infrastructure Fund
Growth Launch Date 8 Mar 11 NAV (06 Dec 23) ₹35.849 ↓ -0.03 (-0.08 %) Net Assets (Cr) ₹762 on 31 Oct 23 Category Equity - Sectoral AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.44 Sharpe Ratio 1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 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 Nov 18 ₹10,000 30 Nov 19 ₹9,716 30 Nov 20 ₹9,452 30 Nov 21 ₹16,623 30 Nov 22 ₹17,596 30 Nov 23 ₹24,150 Returns for IDFC Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Dec 23 Duration Returns 1 Month 10.4% 3 Month 10.3% 6 Month 26.5% 1 Year 39.4% 3 Year 35.3% 5 Year 20.6% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 1.7% 2021 64.8% 2020 6.3% 2019 -5.3% 2018 -25.9% 2017 58.7% 2016 10.7% 2015 -0.2% 2014 43.2% 2013 -10.8% Fund Manager information for IDFC Infrastructure Fund
Name Since Tenure Sachin Relekar 8 Dec 20 2.9 Yr. Nishita Shah 31 Jul 23 0.25 Yr. Data below for IDFC Infrastructure Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 60.43% Basic Materials 16.91% Utility 11.88% Communication Services 5.12% Real Estate 1.28% Asset Allocation
Asset Class Value Cash 4.37% Equity 95.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT9% ₹70 Cr 239,119 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | ULTRACEMCO6% ₹45 Cr 53,859 Kirloskar Brothers Ltd (Industrials)
Equity, Since 31 Dec 17 | KIRLOSBROS6% ₹42 Cr 466,186 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL5% ₹37 Cr 408,700 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 19 | BEL5% ₹36 Cr 2,664,600 ABB India Ltd (Industrials)
Equity, Since 31 Jul 21 | ABB5% ₹35 Cr 84,622 Torrent Power Ltd (Utilities)
Equity, Since 31 Mar 18 | 5327794% ₹32 Cr 442,900 Thermax Ltd (Industrials)
Equity, Since 30 Sep 19 | THERMAX4% ₹32 Cr 112,443 JK Cement Ltd (Basic Materials)
Equity, Since 31 Oct 17 | JKCEMENT4% ₹31 Cr 96,880 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 30 Apr 15 | AHLUCONT4% ₹29 Cr 431,238
How to Invest in Mutual Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2023 Shepard Technologies Private Limited. All Rights Reserved