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 (%) 2023 (%) Sub Cat. L&T Infrastructure Fund Growth 11.3 32.1 61.1 34.5 21.9 50.7 Sectoral L&T Emerging Businesses Fund Growth 5.7 22.2 51.9 33.8 24.8 46.1 Small Cap Sundaram Infrastructure Advantage Fund Growth 12.7 34.8 61.7 30.3 21.5 41.7 Sectoral UTI Transportation & Logistics Fund Growth 14.8 30.7 60.7 29 19.6 40.1 Sectoral Sundaram Small Cap Fund Growth 5.5 21.3 52.1 28.5 22.6 45.3 Small Cap L&T India Value Fund Growth 9.2 28.8 54.1 28 21.3 39.4 Value UTI Infrastructure Fund Growth 9.5 33.1 56.5 27.7 19.7 38.2 Sectoral Sundaram Mid Cap Fund Growth 6.5 26.9 54.4 26.3 19.5 40.4 Mid Cap L&T Business Cycles Fund Growth 12.6 30.9 47.2 25.3 19.2 31.3 Sectoral UTI Core Equity Fund Growth 8.6 24.7 47.7 24.5 19.3 34.4 Large & Mid Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
*List of funds is based on past 3 Year Returns in decending order.
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 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 generate consistent long-term returns by
investing predominantly in
equity/equity-related instruments of
companies engaged either directly or
indirectly in infrastructure- and infrastructure
related activities or expected to benefit from
the growth and development of infrastructure Sundaram Infrastructure Advantage Fund is a Equity - Sectoral fund was launched on 29 Sep 05. It is a fund with High risk and has given a Below is the key information for Sundaram Infrastructure Advantage Fund Returns up to 1 year are on Investment Objective is “capital appreciation” through investments in stocks of the companies engaged in the transportation and logistics sector. UTI Transportation & Logistics Fund is a Equity - Sectoral fund was launched on 11 Apr 04. It is a fund with High risk and has given a Below is the key information for UTI Transportation & Logistics Fund Returns up to 1 year are on (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 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 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 (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 To seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy L&T Business Cycles Fund is a Equity - Sectoral fund was launched on 20 Aug 14. It is a fund with Moderately High risk and has given a Below is the key information for L&T Business Cycles Fund Returns up to 1 year are on (Erstwhile UTI Top 100 Fund) The fund aims to provide long term capital appreciation/dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalisation. There can be no assurance that the investment objectives of the scheme will be realised. UTI Core Equity Fund is a Equity - Large & Mid Cap fund was launched on 20 May 09. It is a fund with Moderately High risk and has given a Below is the key information for UTI Core Equity Fund Returns up to 1 year are on 1. L&T Infrastructure Fund
CAGR/Annualized return of 9.1% since its launch. Return for 2023 was 50.7% , 2022 was 3.1% and 2021 was 56.3% . L&T Infrastructure Fund
Growth Launch Date 27 Sep 07 NAV (24 Apr 24) ₹42.5904 ↑ 0.43 (1.01 %) Net Assets (Cr) ₹2,213 on 31 Mar 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.2 Sharpe Ratio 2.87 Information Ratio 0.22 Alpha Ratio 1.76 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 Mar 19 ₹10,000 31 Mar 20 ₹6,532 31 Mar 21 ₹11,335 31 Mar 22 ₹14,704 31 Mar 23 ₹16,145 31 Mar 24 ₹24,959 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 9.5% 3 Month 11.3% 6 Month 32.1% 1 Year 61.1% 3 Year 34.5% 5 Year 21.9% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 50.7% 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% Fund Manager information for L&T Infrastructure Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 4.29 Yr. Gautam Bhupal 26 Nov 22 1.35 Yr. Sonal Gupta 26 Nov 22 1.35 Yr. Data below for L&T Infrastructure Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Industrials 53.36% Basic Materials 15.74% Utility 8.26% Energy 6.43% Real Estate 4.4% Communication Services 3.71% Technology 3.39% Financial Services 1.67% Consumer Cyclical 1.04% Asset Allocation
Asset Class Value Cash 1.99% Equity 98.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT9% ₹195 Cr 560,008 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325558% ₹181 Cr 5,385,500 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL7% ₹161 Cr 7,846,100 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO4% ₹88 Cr 88,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹86 Cr 295,500
↓ -22,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹79 Cr 700,800 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Mar 23 | KIRLOSENG3% ₹70 Cr 770,000 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB3% ₹65 Cr 118,600 Finolex Cables Ltd (Industrials)
Equity, Since 30 Jun 18 | FINCABLES3% ₹56 Cr 611,600 Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5000403% ₹56 Cr 397,700 2. L&T Emerging Businesses Fund
CAGR/Annualized return of 22.3% since its launch. Ranked 2 in Small Cap category. Return for 2023 was 46.1% , 2022 was 1% and 2021 was 77.4% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (24 Apr 24) ₹74.1453 ↑ 0.59 (0.80 %) Net Assets (Cr) ₹13,401 on 31 Mar 24 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 2.51 Information Ratio 0.63 Alpha Ratio -3.95 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 Mar 19 ₹10,000 31 Mar 20 ₹6,033 31 Mar 21 ₹12,071 31 Mar 22 ₹18,020 31 Mar 23 ₹18,875 31 Mar 24 ₹27,766 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 8.6% 3 Month 5.7% 6 Month 22.2% 1 Year 51.9% 3 Year 33.8% 5 Year 24.8% 10 Year 15 Year Since launch 22.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 46.1% 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 4.29 Yr. Cheenu Gupta 1 Oct 23 0.5 Yr. Sonal Gupta 1 Oct 23 0.5 Yr. Data below for L&T Emerging Businesses Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Industrials 31.31% Basic Materials 15.53% Consumer Cyclical 14.12% Technology 10.78% Financial Services 9.3% Real Estate 7.01% Health Care 4.9% Consumer Defensive 2.51% Energy 1.02% Asset Allocation
Asset Class Value Cash 2.17% Equity 97.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹418 Cr 668,400
↓ -33,201 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW3% ₹397 Cr 4,896,490 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329293% ₹397 Cr 3,966,279
↓ -128,121 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008403% ₹349 Cr 8,627,473
↓ -1,396,149 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH3% ₹344 Cr 2,188,200 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹304 Cr 947,670
↓ -37,688 NCC Ltd (Industrials)
Equity, Since 28 Feb 21 | NCC2% ₹279 Cr 11,291,100
↑ 3,431,400 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL2% ₹276 Cr 3,586,897
↓ -100,000 Sobha Ltd (Real Estate)
Equity, Since 31 Mar 17 | SOBHA2% ₹269 Cr 1,721,853
↑ 296,920 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹256 Cr 842,458
↓ -27,964 3. Sundaram Infrastructure Advantage Fund
CAGR/Annualized return of 12.3% since its launch. Return for 2023 was 41.7% , 2022 was 2.1% and 2021 was 49.5% . Sundaram Infrastructure Advantage Fund
Growth Launch Date 29 Sep 05 NAV (24 Apr 24) ₹85.7738 ↑ 0.61 (0.71 %) Net Assets (Cr) ₹865 on 29 Feb 24 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating Risk High Expense Ratio 2.55 Sharpe Ratio 3.29 Information Ratio 0.01 Alpha Ratio 5.2 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 Mar 19 ₹10,000 31 Mar 20 ₹6,574 31 Mar 21 ₹12,279 31 Mar 22 ₹15,272 31 Mar 23 ₹16,026 31 Mar 24 ₹25,024 Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 6.8% 3 Month 12.7% 6 Month 34.8% 1 Year 61.7% 3 Year 30.3% 5 Year 21.5% 10 Year 15 Year Since launch 12.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 41.7% 2022 2.1% 2021 49.5% 2020 10.4% 2019 2.2% 2018 -21.9% 2017 55.5% 2016 -0.5% 2015 4.8% 2014 57.6% Fund Manager information for Sundaram Infrastructure Advantage Fund
Name Since Tenure Ratish Varier 23 Jul 20 3.69 Yr. Ashish Aggarwal 1 Jan 22 2.25 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Industrials 41.59% Energy 12.25% Utility 11.74% Basic Materials 10.33% Financial Services 6.05% Communication Services 5.74% Technology 3.52% Consumer Cyclical 2.56% Real Estate 2.21% Asset Allocation
Asset Class Value Cash 4.01% Equity 95.99% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT9% ₹76 Cr 218,850 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE8% ₹65 Cr 224,000
↑ 6,000 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325556% ₹54 Cr 1,600,000
↓ -110,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL6% ₹50 Cr 442,000
↓ -12,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO4% ₹38 Cr 38,000
↓ -2,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 22 | BEL3% ₹26 Cr 1,254,485
↓ -45,515 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Mar 22 | 5328982% ₹21 Cr 753,333 KSB Ltd (Industrials)
Equity, Since 31 Aug 17 | KSB2% ₹19 Cr 52,000
↓ -5,000 Esab India Ltd (Industrials)
Equity, Since 30 Jun 17 | ESABINDIA2% ₹19 Cr 36,600 ABB India Ltd (Industrials)
Equity, Since 30 Jun 22 | ABB2% ₹18 Cr 33,000 4. UTI Transportation & Logistics Fund
CAGR/Annualized return of 17.2% since its launch. Ranked 19 in Sectoral category. Return for 2023 was 40.1% , 2022 was 14.7% and 2021 was 24.3% . UTI Transportation & Logistics Fund
Growth Launch Date 11 Apr 04 NAV (24 Apr 24) ₹239.384 ↑ 0.33 (0.14 %) Net Assets (Cr) ₹3,108 on 31 Mar 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.33 Sharpe Ratio 3.74 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹5,972 31 Mar 21 ₹12,032 31 Mar 22 ₹13,274 31 Mar 23 ₹14,820 31 Mar 24 ₹24,407 Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 4.2% 3 Month 14.8% 6 Month 30.7% 1 Year 60.7% 3 Year 29% 5 Year 19.6% 10 Year 15 Year Since launch 17.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 40.1% 2022 14.7% 2021 24.3% 2020 11% 2019 -8.7% 2018 -19.5% 2017 39.6% 2016 4.8% 2015 5.7% 2014 104% Fund Manager information for UTI Transportation & Logistics Fund
Name Since Tenure Sachin Trivedi 22 Sep 16 7.53 Yr. Data below for UTI Transportation & Logistics Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Consumer Cyclical 76.99% Industrials 15.15% Financial Services 0.85% Asset Allocation
Asset Class Value Cash 6.93% Equity 92.99% Debt 0.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS14% ₹411 Cr 4,320,978 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M12% ₹361 Cr 1,868,001 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI11% ₹318 Cr 281,783 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5329778% ₹245 Cr 309,861
↓ -15,452 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT7% ₹221 Cr 582,702 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO5% ₹154 Cr 347,269 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS4% ₹130 Cr 980,911 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO4% ₹108 Cr 341,061 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | 5323433% ₹94 Cr 438,725 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5008773% ₹87 Cr 1,677,046 5. Sundaram Small Cap Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 19 in Small Cap category. Return for 2023 was 45.3% , 2022 was -2.1% and 2021 was 60.3% . Sundaram Small Cap Fund
Growth Launch Date 15 Feb 05 NAV (24 Apr 24) ₹229.116 ↑ 0.05 (0.02 %) Net Assets (Cr) ₹3,056 on 29 Feb 24 Category Equity - Small Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.12 Sharpe Ratio 3.4 Information Ratio -0.22 Alpha Ratio 2.2 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 Mar 19 ₹10,000 31 Mar 20 ₹6,221 31 Mar 21 ₹12,589 31 Mar 22 ₹17,263 31 Mar 23 ₹17,238 31 Mar 24 ₹25,783 Returns for Sundaram Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 6% 3 Month 5.5% 6 Month 21.3% 1 Year 52.1% 3 Year 28.5% 5 Year 22.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 45.3% 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% Fund Manager information for Sundaram Small Cap Fund
Name Since Tenure Ravi Gopalakrishnan 1 Jan 22 2.25 Yr. Rohit Seksaria 1 Nov 22 1.42 Yr. Data below for Sundaram Small Cap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 27.33% Industrials 15.64% Consumer Cyclical 12.21% Technology 10.91% Health Care 8.37% Basic Materials 6.3% Consumer Defensive 4.76% Real Estate 3.5% Communication Services 2.19% Utility 1.36% Asset Allocation
Asset Class Value Cash 4.84% Equity 95.16% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 20 | MCX3% ₹89 Cr 235,807
↓ -28,904 Can Fin Homes Ltd (Financial Services)
Equity, Since 30 Sep 20 | CANFINHOME3% ₹85 Cr 1,102,494 KSB Ltd (Industrials)
Equity, Since 31 May 14 | KSB3% ₹85 Cr 232,356
↓ -16,214 Ujjivan Financial Services Limited
Equity, Since 31 Jan 23 | -3% ₹79 Cr 1,441,430
↑ 222,355 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | KEI3% ₹79 Cr 244,791
↓ -23,789 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jan 20 | CHOLAHLDNG2% ₹74 Cr 700,492 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | 5230252% ₹71 Cr 350,728 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 23 | 5328102% ₹70 Cr 1,754,986 Greenpanel Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Jul 21 | GREENPANEL2% ₹65 Cr 1,682,672
↑ 81,278 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | RADICO2% ₹64 Cr 410,580 6. L&T India Value Fund
CAGR/Annualized return of 17% since its launch. Ranked 4 in Value category. Return for 2023 was 39.4% , 2022 was 5.2% and 2021 was 40.3% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (24 Apr 24) ₹94.2144 ↑ 0.44 (0.47 %) Net Assets (Cr) ₹11,431 on 31 Mar 24 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 3.3 Information Ratio 1.29 Alpha Ratio 11.5 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 Mar 19 ₹10,000 31 Mar 20 ₹6,851 31 Mar 21 ₹12,635 31 Mar 22 ₹15,958 31 Mar 23 ₹16,751 31 Mar 24 ₹25,315 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 4.2% 3 Month 9.2% 6 Month 28.8% 1 Year 54.1% 3 Year 28% 5 Year 21.3% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2023 39.4% 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% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 11.36 Yr. Gautam Bhupal 1 Oct 23 0.5 Yr. Sonal Gupta 1 Oct 23 0.5 Yr. Data below for L&T India Value Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 26.98% Industrials 16.2% Basic Materials 15.52% Technology 10.71% Consumer Cyclical 8.78% Real Estate 5.06% Utility 4.4% Energy 3.59% Consumer Defensive 3.31% Health Care 2.68% Communication Services 1.64% Asset Allocation
Asset Class Value Cash 1.12% Equity 98.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325554% ₹507 Cr 15,121,100
↓ -1,699,900 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL4% ₹473 Cr 7,379,629 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹461 Cr 4,382,100 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹431 Cr 5,766,900 Canara Bank (Financial Services)
Equity, Since 31 Jan 22 | 5324833% ₹326 Cr 5,780,094 Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 5328143% ₹323 Cr 6,147,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 17 | SUNPHARMA3% ₹310 Cr 1,962,700 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX3% ₹301 Cr 798,650 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE3% ₹292 Cr 998,200 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹288 Cr 1,489,400 7. UTI Infrastructure Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 28 in Sectoral category. Return for 2023 was 38.2% , 2022 was 8.8% and 2021 was 39.4% . UTI Infrastructure Fund
Growth Launch Date 7 Apr 04 NAV (24 Apr 24) ₹130.879 ↑ 0.81 (0.62 %) Net Assets (Cr) ₹2,085 on 31 Mar 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.3 Sharpe Ratio 3.25 Information Ratio -0.61 Alpha Ratio 1.61 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 Mar 19 ₹10,000 31 Mar 20 ₹6,905 31 Mar 21 ₹12,235 31 Mar 22 ₹13,981 31 Mar 23 ₹15,340 31 Mar 24 ₹23,510 Returns for UTI Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 5.6% 3 Month 9.5% 6 Month 33.1% 1 Year 56.5% 3 Year 27.7% 5 Year 19.7% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 38.2% 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% Fund Manager information for UTI Infrastructure Fund
Name Since Tenure Sachin Trivedi 1 Sep 21 2.58 Yr. Data below for UTI Infrastructure Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Industrials 40.97% Utility 13.86% Communication Services 10.05% Energy 9.46% Basic Materials 7.78% Financial Services 6.02% Real Estate 4.14% Consumer Cyclical 3.58% Asset Allocation
Asset Class Value Cash 4.03% Equity 95.86% Debt 0.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 05 | LT11% ₹232 Cr 667,396 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL10% ₹195 Cr 1,737,500 NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | 5325558% ₹157 Cr 4,675,567
↓ -557,134 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 12 | ULTRACEMCO6% ₹117 Cr 118,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 22 | RELIANCE5% ₹111 Cr 380,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 15 | BEL4% ₹74 Cr 3,601,587 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 11 | 5322153% ₹63 Cr 581,655 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK3% ₹60 Cr 573,320 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS3% ₹57 Cr 428,278 Torrent Power Ltd (Utilities)
Equity, Since 28 Feb 17 | 5327793% ₹54 Cr 500,759 8. Sundaram Mid Cap Fund
CAGR/Annualized return of 24.3% since its launch. Ranked 13 in Mid Cap category. Return for 2023 was 40.4% , 2022 was 4.8% and 2021 was 37.5% . Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (24 Apr 24) ₹1,127.26 ↑ 6.93 (0.62 %) Net Assets (Cr) ₹10,262 on 29 Feb 24 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 3.06 Information Ratio -0.84 Alpha Ratio 1.02 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 Mar 19 ₹10,000 31 Mar 20 ₹7,000 31 Mar 21 ₹12,235 31 Mar 22 ₹14,812 31 Mar 23 ₹15,184 31 Mar 24 ₹23,375 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 4.1% 3 Month 6.5% 6 Month 26.9% 1 Year 54.4% 3 Year 26.3% 5 Year 19.5% 10 Year 15 Year Since launch 24.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 40.4% 2022 4.8% 2021 37.5% 2020 11.8% 2019 -0.3% 2018 -15.4% 2017 40.8% 2016 11.3% 2015 11.2% 2014 75% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 3.1 Yr. Ratish Varier 24 Feb 21 3.1 Yr. Data below for Sundaram Mid Cap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 23.15% Industrials 20.07% Consumer Cyclical 18.03% Health Care 11.31% Basic Materials 7.55% Technology 6.2% Utility 3.03% Real Estate 2.02% Consumer Defensive 1.72% Energy 1.14% Communication Services 1.11% Asset Allocation
Asset Class Value Cash 4.4% Equity 95.33% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328104% ₹404 Cr 10,093,505 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹343 Cr 1,254,035
↓ -100,965 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹338 Cr 22,464,962
↑ 344,567 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002513% ₹333 Cr 856,810
↓ -20,974 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL3% ₹331 Cr 8,345,000 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA3% ₹319 Cr 914,499 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹243 Cr 5,951,000
↓ -164,000 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN2% ₹235 Cr 962,560
↓ -258,992 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 22 | PERSISTENT2% ₹233 Cr 270,000 REC Ltd (Financial Services)
Equity, Since 31 Jul 23 | 5329552% ₹229 Cr 5,191,133 9. L&T Business Cycles Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 19 in Sectoral category. Return for 2023 was 31.3% , 2022 was 5.3% and 2021 was 34.5% . L&T Business Cycles Fund
Growth Launch Date 20 Aug 14 NAV (24 Apr 24) ₹36.2789 ↑ 0.21 (0.57 %) Net Assets (Cr) ₹764 on 31 Mar 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.51 Sharpe Ratio 2.58 Information Ratio 0.46 Alpha Ratio 3.97 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,045 31 Mar 21 ₹12,458 31 Mar 22 ₹14,864 31 Mar 23 ₹15,634 31 Mar 24 ₹22,452 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 7.8% 3 Month 12.6% 6 Month 30.9% 1 Year 47.2% 3 Year 25.3% 5 Year 19.2% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.3% 2022 5.3% 2021 34.5% 2020 9.3% 2019 5.3% 2018 -17.5% 2017 45.6% 2016 3.2% 2015 3.5% 2014 Fund Manager information for L&T Business Cycles Fund
Name Since Tenure Venugopal Manghat 20 Aug 14 9.62 Yr. Gautam Bhupal 1 Jun 23 0.83 Yr. Sonal Gupta 1 Jun 23 0.83 Yr. Data below for L&T Business Cycles Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Industrials 32.39% Financial Services 23.47% Consumer Cyclical 16.39% Basic Materials 14.17% Energy 6.84% Real Estate 2.8% Technology 1.5% Asset Allocation
Asset Class Value Cash 1.16% Equity 98.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK6% ₹45 Cr 425,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 5002515% ₹42 Cr 107,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX5% ₹35 Cr 94,300 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT5% ₹35 Cr 99,920 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT4% ₹33 Cr 274,908 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹32 Cr 110,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK3% ₹25 Cr 179,800 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABB3% ₹23 Cr 42,700 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECH3% ₹23 Cr 45,400 Aegis Logistics Ltd (Energy)
Equity, Since 31 Oct 15 | 5000033% ₹21 Cr 467,200 10. UTI Core Equity Fund
CAGR/Annualized return of 13.9% since its launch. Ranked 29 in Large & Mid Cap category. Return for 2023 was 34.4% , 2022 was 4.6% and 2021 was 40.8% . UTI Core Equity Fund
Growth Launch Date 20 May 09 NAV (24 Apr 24) ₹150.547 ↑ 0.58 (0.39 %) Net Assets (Cr) ₹2,759 on 31 Mar 24 Category Equity - Large & Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 3.24 Information Ratio 0.24 Alpha Ratio 4.46 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 Mar 19 ₹10,000 31 Mar 20 ₹6,705 31 Mar 21 ₹12,571 31 Mar 22 ₹15,293 31 Mar 23 ₹15,742 31 Mar 24 ₹23,228 Returns for UTI Core Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24 Duration Returns 1 Month 5% 3 Month 8.6% 6 Month 24.7% 1 Year 47.7% 3 Year 24.5% 5 Year 19.3% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.4% 2022 4.6% 2021 40.8% 2020 12.8% 2019 1.5% 2018 -7.9% 2017 35.2% 2016 3.4% 2015 0.5% 2014 41.7% Fund Manager information for UTI Core Equity Fund
Name Since Tenure V Srivatsa 17 May 17 6.88 Yr. Data below for UTI Core Equity Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 33.64% Consumer Cyclical 12.22% Health Care 9.88% Technology 8.08% Basic Materials 6.39% Industrials 6.31% Energy 5.31% Consumer Defensive 4.18% Utility 3.13% Communication Services 2.98% Real Estate 1.83% Asset Allocation
Asset Class Value Cash 5.9% Equity 93.96% Debt 0.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFCBANK8% ₹221 Cr 1,573,563
↑ 120,044 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 06 | ICICIBANK6% ₹157 Cr 1,491,593
↑ 213,236 Reliance Industries Ltd (Energy)
Equity, Since 29 Feb 20 | RELIANCE4% ₹98 Cr 333,881
↓ -63,119 Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Aug 21 | OFSS4% ₹94 Cr 122,041 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | FEDERALBNK3% ₹86 Cr 5,696,095
↑ 350,303 ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 08 | ITC3% ₹80 Cr 1,979,722
↑ 434,937 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322153% ₹76 Cr 704,051
↑ 167,498 Infosys Ltd (Technology)
Equity, Since 28 Feb 06 | INFY3% ₹72 Cr 432,841
↓ -52,591 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | M&M3% ₹72 Cr 370,706
↑ 37,690 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 14 | LT2% ₹61 Cr 176,617
↑ 4,173
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