Table of Contents
Mutual Fund Houses that allow USA/Canada-based NRIs to Invest in India
NRIs based in the USA and Canada would be able to invest in only some of the Mutual Fund Houses in India. Many AMCs (Asset Management Companies) in India are yet to allow investments from NRIs based in USA or Canada. This is because Foreign Account Tax Compliance Act (FATCA) enacted by the USA. Nevertheless, there are some of the leading AMCs where an NRI can plan to invest the money. Here we will also look at the KYC process for an NRI to invest in Mutual Funds in India, NRE, NRO, FCNR account, along with the Best Performing Mutual Funds to invest for earning good profits.
AMCs Accepting Investment from Canada/USA NRIs
Since the time FATCA have come into place, many AMCs have stopped accepting investments from NRIs based in the US and Canada as it involved a lot of paperwork and compliance on the part of AMCs.
Foreign Account Tax Compliance Act is obligatory for all financial institutions to share the details of transactions involving US citizens, including Non-Resident Indians (NRIs) with the US Government. This is to make sure that there is no tax evasion by US citizens on Income generated overseas. In the year 2015, India signed the Inter-Governmental Agreement (IGA) with The United State of America for implementing FATCA and improving International Tax Compliance.
Under FATCA, all the financial entities like mutual fund houses, Insurance companies, banks are supposed to furnish their client information to the Government of India that will further be shared with the US/Canadian Government.
However, there are some of the mutual fund houses that accept investments from NRIs bases in US/Canada:
Each of these AMC has a different condition to accept investments from US or Canada based NRIs. Some of the fund houses amongst these accept investments only in paper application forms, whereas a few may accept online application through NSE NMFII or BSE STARMF platform, etc.
NRE, NRO, FCNR Accounts for Investments in India
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.
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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.
Best Performing Mutual Funds for US/Canada NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Sub Cat. L&T Emerging Businesses Fund Growth 15.7 25.9 31.5 40.1 17.1 1 Small Cap Sundaram Small Cap Fund Growth 15.1 25.4 27.4 34 15.5 -2.1 Small Cap L&T Infrastructure Fund Growth 15.2 27.1 33.7 33.4 13.3 3.1 Sectoral Sundaram Infrastructure Advantage Fund Growth 13.6 20.7 22.8 28.9 13.8 2.1 Sectoral UTI Infrastructure Fund Growth 11.1 17.5 21.7 27.4 12.3 8.8 Sectoral L&T India Value Fund Growth 13.8 19.4 27.4 27.3 13.8 5.2 Value UTI Mid Cap Fund Growth 14.5 20.5 18.9 27 15.5 -0.8 Mid Cap Sundaram Financial Services Opportunities Fund Growth 8.3 19.3 24.1 26.7 12.8 16.8 Sectoral BNP Paribas Mid Cap Fund Growth 14.5 19.8 20.9 26.6 15.8 4.7 Mid Cap Sundaram Mid Cap Fund Growth 15.5 21.1 21.4 26.5 11.8 4.8 Mid Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 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 The investment objective of the Scheme is to provide income distribution and / or medium to long term "capital appreciation" by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy. However, there is no assurance that the investment objective of the scheme will be achieved. UTI Infrastructure Fund is a Equity - Sectoral fund was launched on 7 Apr 04. It is a fund with High risk and has given a Below is the key information for UTI Infrastructure Fund Returns up to 1 year are on To generate long-term capital appreciation from diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. The Scheme could also additionally invest in Foreign Securities in international markets. L&T India Value Fund is a Equity - Value fund was launched on 8 Jan 10. It is a fund with Moderately High risk and has given a Below is the key information for L&T India Value Fund Returns up to 1 year are on Investment objective is "capital appreciation" by investing primarily in mid cap stocks. UTI Mid Cap Fund is a Equity - Mid Cap fund was launched on 7 Apr 04. It is a fund with Moderately High risk and has given a Below is the key information for UTI Mid Cap Fund Returns up to 1 year are on Seek capital appreciation by investing predominantly in equity and equity related securities of indian companies engaged in banking and financial Services. Sundaram Financial Services Opportunities Fund is a Equity - Sectoral fund was launched on 10 Jun 08. It is a fund with High risk and has given a Below is the key information for Sundaram Financial Services Opportunities Fund Returns up to 1 year are on The Investment objective of the scheme is to seek to generate long-term capital appreciation by investing primarily in companies with high growth opportunities in
the middle and small capitalization segment, defi ned as ‘Future Leaders’. The fund will emphasize on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial fl air. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns. BNP Paribas Mid Cap Fund is a Equity - Mid Cap fund was launched on 2 May 06. It is a fund with High risk and has given a Below is the key information for BNP Paribas Mid Cap Fund Returns up to 1 year are on (Erstwhile Sundaram Select Midcap Fund) To achieve capital appreciation by investing
in diversified stocks that are generally termed
as mid-caps. Sundaram Mid Cap Fund is a Equity - Mid Cap fund was launched on 30 Jul 02. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Mid Cap Fund Returns up to 1 year are on 1. L&T Emerging Businesses Fund
CAGR/Annualized return of 21.2% 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 (22 Aug 23) ₹59.5566 ↑ 0.57 (0.97 %) Net Assets (Cr) ₹10,766 on 31 Jul 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 2.19 Information Ratio 1.01 Alpha Ratio 7.44 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 Aug 18 ₹10,000 31 Aug 19 ₹7,863 31 Aug 20 ₹7,732 31 Aug 21 ₹14,721 31 Aug 22 ₹17,119 31 Aug 23 ₹22,561 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 4.9% 3 Month 15.7% 6 Month 25.9% 1 Year 31.5% 3 Year 40.1% 5 Year 17.1% 10 Year 15 Year Since launch 21.2% 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 3.71 Yr. Vihang Naik 17 Dec 19 3.71 Yr. Data below for L&T Emerging Businesses Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 38.61% Basic Materials 15.76% Consumer Cyclical 14.81% Technology 8.9% Financial Services 6.45% Real Estate 5.71% Consumer Defensive 3.71% Health Care 3.53% Energy 1.13% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹379 Cr 756,017
↓ -65,000 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹377 Cr 4,981,639 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI3% ₹295 Cr 1,090,358
↓ -158,330 Cera Sanitaryware Ltd (Industrials)
Equity, Since 31 Mar 19 | CERA3% ₹289 Cr 304,220
↓ -5,000 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 20 | APLAPOLLO2% ₹266 Cr 1,588,905 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008402% ₹265 Cr 10,664,200 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹257 Cr 2,188,200 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW2% ₹256 Cr 2,448,245 Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV2% ₹244 Cr 2,149,700
↓ -100,000 Mahindra Lifespace Developers Ltd (Real Estate)
Equity, Since 31 Jul 21 | MAHLIFE2% ₹241 Cr 4,242,200 2. Sundaram Small Cap Fund
CAGR/Annualized return of 17% 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 (22 Aug 23) ₹182.962 ↑ 1.22 (0.67 %) Net Assets (Cr) ₹2,464 on 31 Jul 23 Category Equity - Small Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.12 Sharpe Ratio 1.76 Information Ratio -0.1 Alpha Ratio 3.87 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 Aug 18 ₹10,000 31 Aug 19 ₹7,751 31 Aug 20 ₹8,277 31 Aug 21 ₹15,279 31 Aug 22 ₹16,401 31 Aug 23 ₹20,715 Returns for Sundaram Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 3.3% 3 Month 15.1% 6 Month 25.4% 1 Year 27.4% 3 Year 34% 5 Year 15.5% 10 Year 15 Year Since launch 17% 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 1.67 Yr. Rohit Seksaria 1 Nov 22 0.83 Yr. Data below for Sundaram Small Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 23.09% Industrials 19.89% Consumer Cyclical 16.22% Technology 11.33% Health Care 8.25% Basic Materials 6.7% Consumer Defensive 3.88% Communication Services 2.75% Real Estate 1.6% Asset Allocation
Asset Class Value Cash 4.86% Equity 95.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | KEI3% ₹86 Cr 316,388
↓ -10,612 KSB Ltd (Industrials)
Equity, Since 31 May 14 | KSB3% ₹80 Cr 287,143
↓ -47,744 Can Fin Homes Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Sep 20 | CANFINHOME3% ₹80 Cr 1,066,345 Suven Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 21 | SUVENPHAR3% ₹75 Cr 1,472,149 Westlife Foodworld Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 5055333% ₹69 Cr 740,386 KPIT Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | KPITTECH3% ₹68 Cr 582,108
↓ -32,584 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | 5230253% ₹66 Cr 179,292 ICICI Securities Ltd (Financial Services)
Equity, Since 31 Jul 23 | ISEC2% ₹58 Cr 922,157
↑ 15,000 Cyient Ltd (Industrials)
Equity, Since 31 Oct 20 | CYIENT2% ₹56 Cr 342,151 Cholamandalam Financial Holdings Ltd Shs Dematerialised (Financial Services)
Equity, Since 31 Jan 20 | CHOLAHLDNG2% ₹55 Cr 557,219 3. L&T Infrastructure Fund
CAGR/Annualized return of 7.6% 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 (22 Aug 23) ₹32.2516 ↑ 0.23 (0.71 %) Net Assets (Cr) ₹1,850 on 31 Jul 23 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.2 Sharpe Ratio 2.24 Information Ratio 1.45 Alpha Ratio 13.78 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 Aug 18 ₹10,000 31 Aug 19 ₹8,134 31 Aug 20 ₹7,447 31 Aug 21 ₹12,524 31 Aug 22 ₹14,448 31 Aug 23 ₹18,712 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 4.1% 3 Month 15.2% 6 Month 27.1% 1 Year 33.7% 3 Year 33.4% 5 Year 13.3% 10 Year 15 Year Since launch 7.6% 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 3.71 Yr. Gautam Bhupal 26 Nov 22 0.76 Yr. Data below for L&T Infrastructure Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 62.57% Basic Materials 13.7% Utility 6.39% Energy 5.49% Real Estate 3.87% Communication Services 3.09% Consumer Cyclical 1.74% Technology 1.3% Asset Allocation
Asset Class Value Cash 1.85% Equity 98.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT10% ₹178 Cr 656,800 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325556% ₹119 Cr 5,385,500 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL6% ₹105 Cr 7,846,100 Finolex Cables Ltd (Industrials)
Equity, Since 30 Jun 18 | FINCABLES4% ₹67 Cr 611,600 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO3% ₹65 Cr 77,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE3% ₹57 Cr 236,500 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB3% ₹57 Cr 129,700 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹56 Cr 651,500 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 16 | CARBORUNIV3% ₹54 Cr 477,200 KEC International Ltd (Industrials)
Equity, Since 28 Feb 21 | 5327143% ₹51 Cr 756,600 4. Sundaram Infrastructure Advantage Fund
CAGR/Annualized return of 10.8% 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 (22 Aug 23) ₹63.1608 ↑ 0.56 (0.89 %) Net Assets (Cr) ₹713 on 31 Jul 23 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating Risk High Expense Ratio 2.55 Sharpe Ratio 1.57 Information Ratio 0.9 Alpha Ratio 4.2 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 Aug 18 ₹10,000 31 Aug 19 ₹8,672 31 Aug 20 ₹8,626 31 Aug 21 ₹14,134 31 Aug 22 ₹15,833 31 Aug 23 ₹19,039 Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.9% 3 Month 13.6% 6 Month 20.7% 1 Year 22.8% 3 Year 28.9% 5 Year 13.8% 10 Year 15 Year Since launch 10.8% 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 3.11 Yr. Ashish Aggarwal 1 Jan 22 1.66 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 46.93% Basic Materials 10.84% Utility 10.58% Financial Services 7.88% Energy 7.1% Communication Services 5.43% Consumer Cyclical 4.2% Real Estate 2.1% Technology 1.33% Asset Allocation
Asset Class Value Cash 3.61% Equity 96.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT9% ₹64 Cr 235,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL5% ₹39 Cr 454,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Jan 22 | 5325555% ₹38 Cr 1,740,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹38 Cr 158,246 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO5% ₹32 Cr 39,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK4% ₹29 Cr 300,000
↓ -37,000 Esab India Ltd (Industrials)
Equity, Since 30 Jun 17 | ESABINDIA3% ₹20 Cr 37,700 State Bank of India (Financial Services)
Equity, Since 28 Feb 22 | SBIN3% ₹19 Cr 332,000
↓ -15,000 KSB Ltd (Industrials)
Equity, Since 31 Aug 17 | KSB3% ₹18 Cr 65,000
↓ -2,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 22 | BEL2% ₹17 Cr 1,300,000 5. UTI Infrastructure Fund
CAGR/Annualized return of 12.9% since its launch. Ranked 28 in Sectoral category. Return for 2022 was 8.8% , 2021 was 39.4% and 2020 was 3.4% . UTI Infrastructure Fund
Growth Launch Date 7 Apr 04 NAV (22 Aug 23) ₹96.3565 ↑ 0.68 (0.71 %) Net Assets (Cr) ₹1,666 on 31 Jul 23 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.3 Sharpe Ratio 1.6 Information Ratio 0.55 Alpha Ratio 3.62 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 Aug 18 ₹10,000 31 Aug 19 ₹8,949 31 Aug 20 ₹8,451 31 Aug 21 ₹13,987 31 Aug 22 ₹14,963 31 Aug 23 ₹17,755 Returns for UTI Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 1.9% 3 Month 11.1% 6 Month 17.5% 1 Year 21.7% 3 Year 27.4% 5 Year 12.3% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 8.8% 2021 39.4% 2020 3.4% 2019 6.7% 2018 -15.6% 2017 41.4% 2016 4% 2015 -5.5% 2014 60.1% 2013 -11.5% Fund Manager information for UTI Infrastructure Fund
Name Since Tenure Sachin Trivedi 1 Sep 21 2 Yr. Data below for UTI Infrastructure Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 43.49% Utility 13.03% Communication Services 9.43% Basic Materials 8.33% Financial Services 7.35% Energy 6.45% Consumer Cyclical 4.29% Real Estate 3.68% Asset Allocation
Asset Class Value Cash 3.82% Equity 96.04% Debt 0.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 05 | LT11% ₹184 Cr 681,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL9% ₹149 Cr 1,737,500 NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | 5325557% ₹111 Cr 5,058,744 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 12 | ULTRACEMCO6% ₹98 Cr 118,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 22 | RELIANCE4% ₹72 Cr 300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK4% ₹65 Cr 673,320 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 11 | 5322153% ₹57 Cr 581,655 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 15 | BEL3% ₹53 Cr 3,951,587 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Jun 12 | 5004933% ₹44 Cr 410,000 Siemens Ltd (Industrials)
Equity, Since 31 Mar 12 | 5005502% ₹40 Cr 101,442 6. L&T India Value Fund
CAGR/Annualized return of 15.6% since its launch. Ranked 4 in Value category. Return for 2022 was 5.2% , 2021 was 40.3% and 2020 was 14.6% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (22 Aug 23) ₹72.0342 ↑ 0.51 (0.72 %) Net Assets (Cr) ₹9,077 on 31 Jul 23 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 1.86 Information Ratio 0.85 Alpha Ratio 10.79 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,749 31 Aug 20 ₹9,036 31 Aug 21 ₹14,473 31 Aug 22 ₹15,280 31 Aug 23 ₹19,098 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.9% 3 Month 13.8% 6 Month 19.4% 1 Year 27.4% 3 Year 27.3% 5 Year 13.8% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.2% 2021 40.3% 2020 14.6% 2019 4.6% 2018 -11.4% 2017 41.3% 2016 8.1% 2015 12.9% 2014 74.1% 2013 6.6% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 10.78 Yr. Vihang Naik 17 Dec 19 3.71 Yr. Data below for L&T India Value Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 27.99% Industrials 16.9% Basic Materials 14.8% Consumer Cyclical 9.23% Technology 8.93% Consumer Defensive 5.33% Utility 4.05% Health Care 3.66% Real Estate 2.87% Communication Services 2.32% Energy 2.28% Asset Allocation
Asset Class Value Cash 1.42% Equity 98.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK6% ₹519 Cr 5,410,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325554% ₹371 Cr 16,821,000 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL4% ₹335 Cr 7,379,629 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹324 Cr 5,766,900 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK3% ₹319 Cr 2,028,700 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK3% ₹309 Cr 21,478,000 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 5327143% ₹261 Cr 3,887,970 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹247 Cr 913,137 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC3% ₹243 Cr 5,518,200 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹235 Cr 1,489,400
↓ -115,100 7. UTI Mid Cap Fund
CAGR/Annualized return of 17.9% since its launch. Ranked 36 in Mid Cap category. Return for 2022 was -0.8% , 2021 was 43.1% and 2020 was 32.7% . UTI Mid Cap Fund
Growth Launch Date 7 Apr 04 NAV (22 Aug 23) ₹221.08 ↑ 1.23 (0.56 %) Net Assets (Cr) ₹8,606 on 31 Jul 23 Category Equity - Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2 Sharpe Ratio 1.09 Information Ratio -1.01 Alpha Ratio -4.2 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 Aug 18 ₹10,000 31 Aug 19 ₹8,355 31 Aug 20 ₹9,763 31 Aug 21 ₹16,553 31 Aug 22 ₹17,627 31 Aug 23 ₹20,779 Returns for UTI Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.8% 3 Month 14.5% 6 Month 20.5% 1 Year 18.9% 3 Year 27% 5 Year 15.5% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -0.8% 2021 43.1% 2020 32.7% 2019 -0.2% 2018 -14.9% 2017 42% 2016 3.5% 2015 6.6% 2014 90.4% 2013 9.7% Fund Manager information for UTI Mid Cap Fund
Name Since Tenure Ankit Agarwal 30 Aug 19 4.01 Yr. Data below for UTI Mid Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 21.6% Consumer Cyclical 21.59% Financial Services 18.95% Health Care 10.87% Basic Materials 9.83% Technology 7.33% Real Estate 2.31% Consumer Defensive 2% Utility 1.92% Asset Allocation
Asset Class Value Cash 3.42% Equity 96.4% Debt 0.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 12 | CHOLAFIN3% ₹260 Cr 2,318,900
↓ -100,000 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Apr 21 | SHRIRAMFIN3% ₹245 Cr 1,272,502 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 20 | APLAPOLLO3% ₹226 Cr 1,349,836
↑ 15,000 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | FEDERALBNK2% ₹220 Cr 15,308,621 Polycab India Ltd (Industrials)
Equity, Since 31 Dec 20 | POLYCAB2% ₹210 Cr 409,233 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Aug 13 | 5004932% ₹206 Cr 1,928,064 Coforge Ltd (Technology)
Equity, Since 30 Apr 21 | COFORGE2% ₹203 Cr 372,030 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 17 | TIINDIA2% ₹190 Cr 655,509 Astral Ltd (Industrials)
Equity, Since 30 Sep 19 | ASTRAL2% ₹187 Cr 956,190 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 21 | ALKEM2% ₹175 Cr 479,907
↑ 25,000 8. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 23 in Sectoral category. Return for 2022 was 16.8% , 2021 was 15.3% and 2020 was 2.7% . Sundaram Financial Services Opportunities Fund
Growth Launch Date 10 Jun 08 NAV (22 Aug 23) ₹75.0498 ↑ 0.15 (0.20 %) Net Assets (Cr) ₹824 on 31 Jul 23 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.52 Sharpe Ratio 1.59 Information Ratio 1.02 Alpha Ratio 9.91 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 Aug 18 ₹10,000 31 Aug 19 ₹10,098 31 Aug 20 ₹9,357 31 Aug 21 ₹14,605 31 Aug 22 ₹15,218 31 Aug 23 ₹18,458 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month -0.6% 3 Month 8.3% 6 Month 19.3% 1 Year 24.1% 3 Year 26.7% 5 Year 12.8% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 16.8% 2021 15.3% 2020 2.7% 2019 26.4% 2018 -3.7% 2017 33.3% 2016 12.8% 2015 -9% 2014 58% 2013 -12.4% Fund Manager information for Sundaram Financial Services Opportunities Fund
Name Since Tenure Rohit Seksaria 30 Dec 17 5.67 Yr. Ashish Aggarwal 1 Jan 22 1.66 Yr. Data below for Sundaram Financial Services Opportunities Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 93.04% Asset Allocation
Asset Class Value Cash 4.86% Equity 95.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK20% ₹168 Cr 1,069,792
↑ 103,938 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK15% ₹125 Cr 1,301,901
↓ -328,672 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN7% ₹61 Cr 1,082,259
↓ -43,214 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322157% ₹59 Cr 609,912 ICICI Securities Ltd (Financial Services)
Equity, Since 31 Aug 23 | ISEC4% ₹32 Cr 506,752
↑ 506,752 Cholamandalam Financial Holdings Ltd Shs Dematerialised (Financial Services)
Equity, Since 31 Aug 22 | CHOLAHLDNG3% ₹29 Cr 292,368
↑ 16,138 REC Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5329553% ₹29 Cr 1,198,701
↓ -457,175 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 23 | 5328103% ₹28 Cr 1,078,701
↑ 369,507 Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 28 Feb 23 | EQUITASBNK3% ₹27 Cr 2,941,195
↑ 431,241 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | INDUSINDBK3% ₹26 Cr 188,396 9. BNP Paribas Mid Cap Fund
CAGR/Annualized return of 11.9% since its launch. Ranked 18 in Mid Cap category. Return for 2022 was 4.7% , 2021 was 41.5% and 2020 was 23.1% . BNP Paribas Mid Cap Fund
Growth Launch Date 2 May 06 NAV (22 Aug 23) ₹69.7878 ↑ 0.38 (0.55 %) Net Assets (Cr) ₹1,428 on 31 Jul 23 Category Equity - Mid Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 1.29 Information Ratio -1.01 Alpha Ratio -1.37 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,766 31 Aug 20 ₹9,987 31 Aug 21 ₹16,788 31 Aug 22 ₹17,581 31 Aug 23 ₹20,916 Returns for BNP Paribas Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 4% 3 Month 14.5% 6 Month 19.8% 1 Year 20.9% 3 Year 26.6% 5 Year 15.8% 10 Year 15 Year Since launch 11.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 41.5% 2020 23.1% 2019 5.2% 2018 -17.5% 2017 49% 2016 -1.2% 2015 15.3% 2014 65.6% 2013 9.5% Fund Manager information for BNP Paribas Mid Cap Fund
Name Since Tenure Shiv Chanani 13 Jul 22 1.13 Yr. Miten Vora 1 Dec 22 0.75 Yr. Data below for BNP Paribas Mid Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 22.44% Industrials 17.08% Consumer Cyclical 16.91% Health Care 10.43% Basic Materials 7.61% Technology 5.56% Utility 5.51% Consumer Defensive 4.7% Energy 3.42% Real Estate 2.13% Communication Services 1.21% Asset Allocation
Asset Class Value Cash 2.22% Equity 96.99% Debt 0.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 16 | FEDERALBNK3% ₹43 Cr 3,000,000 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 5328143% ₹42 Cr 1,100,000
↓ -150,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008502% ₹37 Cr 870,000 AIA Engineering Ltd (Industrials)
Equity, Since 31 Aug 18 | AIAENG2% ₹36 Cr 96,700
↓ -3,300 Lupin Ltd (Healthcare)
Equity, Since 28 Feb 22 | 5002572% ₹35 Cr 320,000 NHPC Ltd (Utilities)
Equity, Since 31 Mar 22 | NHPC2% ₹32 Cr 6,300,000 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Oct 22 | 5031002% ₹31 Cr 175,000 Zydus Lifesciences Ltd (Healthcare)
Equity, Since 31 Mar 23 | 5323212% ₹31 Cr 500,000 Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jul 21 | 5004772% ₹31 Cr 1,700,000 Thermax Ltd (Industrials)
Equity, Since 31 Dec 19 | THERMAX2% ₹31 Cr 110,000 10. Sundaram Mid Cap Fund
CAGR/Annualized return of 23.7% since its launch. Ranked 13 in Mid Cap category. Return for 2022 was 4.8% , 2021 was 37.5% and 2020 was 11.8% . Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (22 Aug 23) ₹877.681 ↑ 6.68 (0.77 %) Net Assets (Cr) ₹8,358 on 31 Jul 23 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 1.32 Information Ratio -1.32 Alpha Ratio -1.91 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 Aug 18 ₹10,000 31 Aug 19 ₹8,288 31 Aug 20 ₹8,419 31 Aug 21 ₹13,530 31 Aug 22 ₹14,767 31 Aug 23 ₹17,660 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 3.6% 3 Month 15.5% 6 Month 21.1% 1 Year 21.4% 3 Year 26.5% 5 Year 11.8% 10 Year 15 Year Since launch 23.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 2021 37.5% 2020 11.8% 2019 -0.3% 2018 -15.4% 2017 40.8% 2016 11.3% 2015 11.2% 2014 75% 2013 4.6% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 2.52 Yr. Ratish Varier 24 Feb 21 2.52 Yr. Data below for Sundaram Mid Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 23.33% Industrials 17.9% Consumer Cyclical 17.82% Basic Materials 10.94% Health Care 9.39% Technology 4.56% Utility 3.31% Consumer Defensive 3.09% Communication Services 2.13% Real Estate 1.99% Energy 0.63% Asset Allocation
Asset Class Value Cash 4.61% Equity 95.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK4% ₹318 Cr 22,120,395 Shriram Finance Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN4% ₹313 Cr 1,624,015 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL3% ₹228 Cr 9,072,361
↓ -230,602 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA3% ₹221 Cr 760,591
↑ 23,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NAVINFLUOR3% ₹221 Cr 478,957 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328103% ₹220 Cr 8,459,013
↑ 1,095,000 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹217 Cr 1,270,221
↑ 75,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002512% ₹212 Cr 1,036,784
↓ -141,150 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹212 Cr 6,391,007
↑ 41,500 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 28 Feb 13 | CHOLAFIN2% ₹204 Cr 1,816,845
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