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Fincash » Mutual Funds » Mutual Funds for US/Canada NRIs

Mutual Fund Houses that allow USA/Canada-based NRIs to Invest in India

Updated on July 14, 2024 , 44051 views

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.

NRI

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

Fund3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)Sub Cat.
L&T Infrastructure Fund Growth 25.134.969.834.327.350.7 Sectoral
UTI Transportation & Logistics Fund Growth 16.230.454.53125.340.1 Sectoral
L&T Emerging Businesses Fund Growth 19.923.155.429.730.246.1 Small Cap
Sundaram Infrastructure Advantage Fund Growth 17.128.962.528.324.841.7 Sectoral
L&T India Value Fund Growth 18.625.259.827.825.139.4 Value
UTI Infrastructure Fund Growth 16.825.560.127.322.638.2 Sectoral
L&T Business Cycles Fund Growth 19.829.553.126.122.331.3 Sectoral
Sundaram Mid Cap Fund Growth 17.823.656.525.923.940.4 Mid Cap
L&T Midcap Fund Growth 18.12963.924.424.440 Mid Cap
UTI Core Equity Fund Growth 18.925.351.823.823.334.4 Large & Mid Cap
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24

*List of funds is based on past 3 Year Returns in decending order.

1. L&T Infrastructure Fund

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 CAGR/Annualized return of 10.3% since its launch.  Return for 2023 was 50.7% , 2022 was 3.1% and 2021 was 56.3% .

Below is the key information for L&T Infrastructure Fund

L&T Infrastructure Fund
Growth
Launch Date 27 Sep 07
NAV (16 Jul 24) ₹51.7805 ↓ -0.05   (-0.09 %)
Net Assets (Cr) ₹2,621 on 31 May 24
Category Equity - Sectoral
AMC L&T Investment Management Ltd
Rating Not Rated
Risk High
Expense Ratio 2.2
Sharpe Ratio 3.12
Information Ratio 0.7
Alpha Ratio 18.7
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,853
30 Jun 21₹12,831
30 Jun 22₹13,503
30 Jun 23₹18,746
30 Jun 24₹31,821

L&T Infrastructure Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181
Invest Now

Returns for L&T Infrastructure Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.2%
3 Month 25.1%
6 Month 34.9%
1 Year 69.8%
3 Year 34.3%
5 Year 27.3%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Venugopal Manghat17 Dec 194.46 Yr.
Gautam Bhupal26 Nov 221.51 Yr.
Sonal Gupta26 Nov 221.51 Yr.

Data below for L&T Infrastructure Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials55.59%
Basic Materials12.27%
Utility8.17%
Energy8.05%
Real Estate4.22%
Communication Services3.8%
Technology3.32%
Financial Services2.24%
Consumer Cyclical0.85%
Asset Allocation
Asset ClassValue
Cash1.47%
Equity98.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL
9%₹232 Cr7,846,100
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT
8%₹205 Cr560,008
NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 532555
7%₹193 Cr5,385,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
4%₹105 Cr368,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹96 Cr700,800
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
3%₹88 Cr88,900
Finolex Cables Ltd (Industrials)
Equity, Since 30 Jun 18 | FINCABLES
3%₹88 Cr611,600
Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 500040
3%₹80 Cr397,700
ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB
3%₹75 Cr90,050
Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Mar 23 | KIRLOSENG
3%₹67 Cr539,430
↓ -32,306

2. UTI Transportation & Logistics Fund

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 CAGR/Annualized return of 17.8% since its launch.  Ranked 19 in Sectoral category.  Return for 2023 was 40.1% , 2022 was 14.7% and 2021 was 24.3% .

Below is the key information for UTI Transportation & Logistics Fund

UTI Transportation & Logistics Fund
Growth
Launch Date 11 Apr 04
NAV (16 Jul 24) ₹274.88 ↑ 0.81   (0.30 %)
Net Assets (Cr) ₹3,435 on 31 May 24
Category Equity - Sectoral
AMC UTI Asset Management Company Ltd
Rating
Risk High
Expense Ratio 2.33
Sharpe Ratio 3.52
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,421
30 Jun 21₹13,518
30 Jun 22₹15,033
30 Jun 23₹19,054
30 Jun 24₹29,671

UTI Transportation & Logistics Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for UTI Transportation & Logistics Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 0%
3 Month 16.2%
6 Month 30.4%
1 Year 54.5%
3 Year 31%
5 Year 25.3%
10 Year
15 Year
Since launch 17.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sachin Trivedi22 Sep 167.69 Yr.

Data below for UTI Transportation & Logistics Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Consumer Cyclical76.26%
Industrials16.97%
Financial Services0.7%
Asset Allocation
Asset ClassValue
Cash6.01%
Equity93.93%
Debt0.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M
14%₹468 Cr1,868,001
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS
12%₹398 Cr4,314,478
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI
10%₹339 Cr273,783
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 532977
8%₹278 Cr305,802
Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT
8%₹276 Cr582,702
Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO
6%₹204 Cr398,371
↑ 39,478
InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO
5%₹158 Cr377,639
↑ 6,999
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS
4%₹153 Cr1,067,592
↑ 86,681
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | 532343
3%₹96 Cr438,725
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 500493
2%₹81 Cr522,107

3. L&T Emerging Businesses Fund

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 CAGR/Annualized return of 23.6% since its launch.  Ranked 2 in Small Cap category.  Return for 2023 was 46.1% , 2022 was 1% and 2021 was 77.4% .

Below is the key information for L&T Emerging Businesses Fund

L&T Emerging Businesses Fund
Growth
Launch Date 12 May 14
NAV (16 Jul 24) ₹86.6788 ↑ 0.56   (0.65 %)
Net Assets (Cr) ₹14,787 on 31 May 24
Category Equity - Small Cap
AMC L&T Investment Management Ltd
Rating
Risk High
Expense Ratio 1.84
Sharpe Ratio 2.35
Information Ratio 0.64
Alpha Ratio 0.95
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,797
30 Jun 21₹15,737
30 Jun 22₹17,233
30 Jun 23₹23,072
30 Jun 24₹35,781

L&T Emerging Businesses Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹642,208.
Net Profit of ₹342,208
Invest Now

Returns for L&T Emerging Businesses Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.9%
3 Month 19.9%
6 Month 23.1%
1 Year 55.4%
3 Year 29.7%
5 Year 30.2%
10 Year
15 Year
Since launch 23.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Venugopal Manghat17 Dec 194.46 Yr.
Cheenu Gupta1 Oct 230.67 Yr.
Sonal Gupta1 Oct 230.67 Yr.

Data below for L&T Emerging Businesses Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials35.57%
Consumer Cyclical13.99%
Basic Materials13.49%
Financial Services9.67%
Technology8.37%
Real Estate7.46%
Health Care4.06%
Consumer Defensive2.33%
Energy1.52%
Asset Allocation
Asset ClassValue
Cash2.31%
Equity97.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
3%₹502 Cr635,400
Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 532929
3%₹496 Cr3,866,279
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
3%₹389 Cr947,670
Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE
2%₹365 Cr2,573,042
EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 500840
2%₹358 Cr8,283,239
↓ -344,234
Sobha Ltd (Real Estate)
Equity, Since 31 Mar 17 | SOBHA
2%₹327 Cr1,721,853
Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 30 Sep 22 | 500040
2%₹325 Cr1,607,279
NCC Ltd (Industrials)
Equity, Since 28 Feb 21 | NCC
2%₹324 Cr11,291,100
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
2%₹319 Cr2,188,200
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI
2%₹287 Cr842,458

4. Sundaram Infrastructure Advantage Fund

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 CAGR/Annualized return of 12.9% since its launch.  Return for 2023 was 41.7% , 2022 was 2.1% and 2021 was 49.5% .

Below is the key information for Sundaram Infrastructure Advantage Fund

Sundaram Infrastructure Advantage Fund
Growth
Launch Date 29 Sep 05
NAV (16 Jul 24) ₹98.1235 ↓ -0.13   (-0.13 %)
Net Assets (Cr) ₹942 on 30 Apr 24
Category Equity - Sectoral
AMC Sundaram Asset Management Company Ltd
Rating Not Rated
Risk High
Expense Ratio 2.55
Sharpe Ratio 3.48
Information Ratio -0.02
Alpha Ratio 9.77
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,777
30 Jun 21₹13,161
30 Jun 22₹13,639
30 Jun 23₹17,682
30 Jun 24₹28,622

Sundaram Infrastructure Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for Sundaram Infrastructure Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.4%
3 Month 17.1%
6 Month 28.9%
1 Year 62.5%
3 Year 28.3%
5 Year 24.8%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Ratish Varier23 Jul 203.86 Yr.
Ashish Aggarwal1 Jan 222.42 Yr.

Data below for Sundaram Infrastructure Advantage Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Industrials42.8%
Utility11.1%
Energy10.35%
Communication Services8.53%
Basic Materials8.53%
Financial Services5.44%
Technology3.97%
Real Estate2.44%
Consumer Cyclical2.21%
Asset Allocation
Asset ClassValue
Cash4.61%
Equity95.39%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT
8%₹77 Cr210,000
↓ -8,850
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹63 Cr219,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL
6%₹61 Cr442,000
NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 532555
6%₹56 Cr1,570,000
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 22 | BEL
3%₹34 Cr1,150,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
3%₹28 Cr28,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Mar 22 | 532898
3%₹27 Cr855,000
↑ 50,000
ABB India Ltd (Industrials)
Equity, Since 30 Jun 22 | ABB
3%₹26 Cr31,000
↓ -2,000
KSB Ltd (Industrials)
Equity, Since 31 Aug 17 | KSB
2%₹21 Cr44,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Mar 23 | HAL
2%₹21 Cr42,000

5. L&T India Value Fund

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 CAGR/Annualized return of 17.9% since its launch.  Ranked 4 in Value category.  Return for 2023 was 39.4% , 2022 was 5.2% and 2021 was 40.3% .

Below is the key information for L&T India Value Fund

L&T India Value Fund
Growth
Launch Date 8 Jan 10
NAV (16 Jul 24) ₹109.789 ↑ 0.36   (0.33 %)
Net Assets (Cr) ₹12,373 on 31 May 24
Category Equity - Value
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 3.53
Information Ratio 1.5
Alpha Ratio 16.67
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,460
30 Jun 21₹14,055
30 Jun 22₹13,998
30 Jun 23₹18,453
30 Jun 24₹29,559

L&T India Value Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for L&T India Value Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.4%
3 Month 18.6%
6 Month 25.2%
1 Year 59.8%
3 Year 27.8%
5 Year 25.1%
10 Year
15 Year
Since launch 17.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Venugopal Manghat24 Nov 1211.53 Yr.
Gautam Bhupal1 Oct 230.67 Yr.
Sonal Gupta1 Oct 230.67 Yr.

Data below for L&T India Value Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services26.95%
Industrials17.51%
Basic Materials15.94%
Technology8.68%
Consumer Cyclical8.61%
Real Estate6.02%
Utility4.29%
Consumer Defensive3.62%
Energy3.35%
Health Care2%
Communication Services1.87%
Asset Allocation
Asset ClassValue
Cash1.15%
Equity98.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
4%₹531 Cr14,788,800
↓ -332,300
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL
4%₹512 Cr6,448,900
↓ -346,709
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
4%₹491 Cr4,382,100
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹479 Cr5,766,900
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹358 Cr1,427,504
Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 532814
3%₹349 Cr6,147,000
Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 30 Sep 22 | KIRLOSENG
3%₹341 Cr2,733,200
↓ -29,636
Canara Bank (Financial Services)
Equity, Since 31 Jan 22 | 532483
3%₹324 Cr27,434,000
Brigade Enterprises Ltd (Real Estate)
Equity, Since 30 Jun 17 | 532929
2%₹297 Cr2,314,226
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX
2%₹290 Cr798,650

6. UTI Infrastructure Fund

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 CAGR/Annualized return of 14.8% since its launch.  Ranked 28 in Sectoral category.  Return for 2023 was 38.2% , 2022 was 8.8% and 2021 was 39.4% .

Below is the key information for UTI Infrastructure Fund

UTI Infrastructure Fund
Growth
Launch Date 7 Apr 04
NAV (16 Jul 24) ₹149.807 ↑ 0.26   (0.18 %)
Net Assets (Cr) ₹2,288 on 31 May 24
Category Equity - Sectoral
AMC UTI Asset Management Company Ltd
Rating
Risk High
Expense Ratio 2.3
Sharpe Ratio 3.48
Information Ratio -0.1
Alpha Ratio 9.6
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,864
30 Jun 21₹12,600
30 Jun 22₹12,433
30 Jun 23₹16,544
30 Jun 24₹26,285

UTI Infrastructure Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for UTI Infrastructure Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.3%
3 Month 16.8%
6 Month 25.5%
1 Year 60.1%
3 Year 27.3%
5 Year 22.6%
10 Year
15 Year
Since launch 14.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sachin Trivedi1 Sep 212.75 Yr.

Data below for UTI Infrastructure Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials44.31%
Utility12.84%
Communication Services11.02%
Energy8.67%
Basic Materials5.99%
Financial Services5.76%
Consumer Cyclical4.32%
Real Estate4.18%
Asset Allocation
Asset ClassValue
Cash2.81%
Equity97.1%
Debt0.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 05 | LT
11%₹245 Cr667,396
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL
10%₹239 Cr1,737,500
NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | 532555
7%₹168 Cr4,675,567
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 22 | RELIANCE
5%₹119 Cr415,725
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 12 | ULTRACEMCO
4%₹96 Cr96,500
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 15 | BEL
4%₹91 Cr3,088,245
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 11 | 532215
3%₹68 Cr581,655
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
3%₹64 Cr573,320
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Jun 12 | 500493
3%₹64 Cr410,000
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Nov 22 | INDIGO
3%₹63 Cr149,558
↓ -6,242

7. L&T Business Cycles Fund

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 CAGR/Annualized return of 15.7% since its launch.  Ranked 19 in Sectoral category.  Return for 2023 was 31.3% , 2022 was 5.3% and 2021 was 34.5% .

Below is the key information for L&T Business Cycles Fund

L&T Business Cycles Fund
Growth
Launch Date 20 Aug 14
NAV (16 Jul 24) ₹42.3193 ↑ 0.09   (0.21 %)
Net Assets (Cr) ₹856 on 31 May 24
Category Equity - Sectoral
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.51
Sharpe Ratio 2.48
Information Ratio 0.96
Alpha Ratio 9.39
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,995
30 Jun 21₹12,865
30 Jun 22₹12,907
30 Jun 23₹16,971
30 Jun 24₹25,947

L&T Business Cycles Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for L&T Business Cycles Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.3%
3 Month 19.8%
6 Month 29.5%
1 Year 53.1%
3 Year 26.1%
5 Year 22.3%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Venugopal Manghat20 Aug 149.79 Yr.
Gautam Bhupal1 Jun 231 Yr.
Sonal Gupta1 Jun 231 Yr.

Data below for L&T Business Cycles Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials32.26%
Financial Services24.53%
Consumer Cyclical15.95%
Basic Materials13.28%
Energy7.4%
Real Estate2.35%
Technology1.57%
Asset Allocation
Asset ClassValue
Cash1.45%
Equity98.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 500251
6%₹49 Cr107,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK
6%₹48 Cr425,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
5%₹39 Cr135,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT
4%₹37 Cr99,920
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX
4%₹34 Cr94,300
Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT
4%₹32 Cr274,908
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BEL
3%₹30 Cr1,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK
3%₹28 Cr179,800
ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABB
3%₹27 Cr32,600
Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 30 Jun 23 | 505283
3%₹22 Cr176,200

8. Sundaram Mid Cap Fund

(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 CAGR/Annualized return of 24.9% since its launch.  Ranked 13 in Mid Cap category.  Return for 2023 was 40.4% , 2022 was 4.8% and 2021 was 37.5% .

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund
Growth
Launch Date 30 Jul 02
NAV (16 Jul 24) ₹1,316.05 ↑ 3.24   (0.25 %)
Net Assets (Cr) ₹11,017 on 31 May 24
Category Equity - Mid Cap
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 1.86
Sharpe Ratio 3.24
Information Ratio -0.33
Alpha Ratio 5.06
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,343
30 Jun 21₹13,685
30 Jun 22₹13,620
30 Jun 23₹17,774
30 Jun 24₹27,582

Sundaram Mid Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for Sundaram Mid Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.9%
3 Month 17.8%
6 Month 23.6%
1 Year 56.5%
3 Year 25.9%
5 Year 23.9%
10 Year
15 Year
Since launch 24.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
S. Bharath24 Feb 213.27 Yr.
Ratish Varier24 Feb 213.27 Yr.

Data below for Sundaram Mid Cap Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials22.67%
Financial Services20.54%
Consumer Cyclical17.43%
Health Care10.82%
Basic Materials8.41%
Technology5.53%
Utility2.85%
Real Estate2.45%
Consumer Defensive1.94%
Energy1.44%
Communication Services1.44%
Asset Allocation
Asset ClassValue
Cash4.49%
Equity95.51%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 500480
4%₹440 Cr1,239,180
↓ -5,877
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK
3%₹329 Cr20,274,518
↓ -995,534
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL
3%₹324 Cr8,339,782
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA
3%₹322 Cr900,868
↓ -13,631
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 500251
3%₹322 Cr705,435
↓ -66,880
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 532810
3%₹276 Cr5,600,000
↓ -1,278,660
Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY
2%₹257 Cr1,410,000
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 532843
2%₹247 Cr5,207,843
↓ -823,975
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 20 | BEL
2%₹247 Cr8,345,210
Zydus Lifesciences Ltd (Healthcare)
Equity, Since 30 Nov 22 | 532321
2%₹237 Cr2,369,371
↓ -31,843

9. L&T Midcap Fund

To generate capital appreciation by investing primarily in midcap stocks. The scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the Nifty Free Float Midcap 100.

L&T Midcap Fund is a Equity - Mid Cap fund was launched on 9 Aug 04. It is a fund with High risk and has given a CAGR/Annualized return of 20% since its launch.  Ranked 5 in Mid Cap category.  Return for 2023 was 40% , 2022 was 1.1% and 2021 was 30.4% .

Below is the key information for L&T Midcap Fund

L&T Midcap Fund
Growth
Launch Date 9 Aug 04
NAV (16 Jul 24) ₹381.924 ↓ -0.33   (-0.09 %)
Net Assets (Cr) ₹10,584 on 31 May 24
Category Equity - Mid Cap
AMC L&T Investment Management Ltd
Rating
Risk High
Expense Ratio 1.85
Sharpe Ratio 3.8
Information Ratio -0.68
Alpha Ratio 12.53
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,031
30 Jun 21₹14,519
30 Jun 22₹14,076
30 Jun 23₹17,316
30 Jun 24₹28,184

L&T Midcap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for L&T Midcap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.6%
3 Month 18.1%
6 Month 29%
1 Year 63.9%
3 Year 24.4%
5 Year 24.4%
10 Year
15 Year
Since launch 20%
Historical performance (Yearly) on absolute basis
YearReturns
2023 40%
2022 1.1%
2021 30.4%
2020 19%
2019 -0.2%
2018 -12%
2017 52.3%
2016 9.8%
2015 10.8%
2014 81.6%
Fund Manager information for L&T Midcap Fund
NameSinceTenure
Venugopal Manghat1 Oct 230.67 Yr.
Cheenu Gupta26 Nov 221.51 Yr.
Sonal Gupta1 Oct 230.67 Yr.

Data below for L&T Midcap Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials26.35%
Financial Services20.31%
Consumer Cyclical13.01%
Real Estate8.9%
Health Care8.04%
Technology6.13%
Basic Materials4.89%
Utility4.4%
Consumer Defensive3.75%
Energy2.22%
Communication Services0.77%
Asset Allocation
Asset ClassValue
Cash1.23%
Equity98.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Suzlon Energy Ltd (Industrials)
Equity, Since 31 Mar 24 | SUZLON
4%₹406 Cr85,108,900
↑ 16,714,400
Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 500480
3%₹345 Cr970,100
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 21 | 532810
3%₹318 Cr6,462,100
Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Mar 24 | 500103
3%₹311 Cr10,414,900
↑ 1,896,900
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP
3%₹298 Cr1,071,400
↑ 76,000
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | 500251
2%₹260 Cr570,400
Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Mar 17 | OBEROIRLTY
2%₹258 Cr1,418,750
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Mar 24 | PRESTIGE
2%₹255 Cr1,594,300
↑ 148,500
Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 532814
2%₹245 Cr4,310,000
Lupin Ltd (Healthcare)
Equity, Since 31 Dec 22 | 500257
2%₹224 Cr1,414,400

10. UTI Core Equity Fund

(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 CAGR/Annualized return of 14.9% 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% .

Below is the key information for UTI Core Equity Fund

UTI Core Equity Fund
Growth
Launch Date 20 May 09
NAV (16 Jul 24) ₹176.451 ↑ 0.66   (0.38 %)
Net Assets (Cr) ₹3,086 on 31 May 24
Category Equity - Large & Mid Cap
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.46
Sharpe Ratio 3
Information Ratio 0.1
Alpha Ratio 4.86
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.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,371
30 Jun 21₹14,485
30 Jun 22₹14,274
30 Jun 23₹18,256
30 Jun 24₹27,027

UTI Core Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for UTI Core Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 7.2%
3 Month 18.9%
6 Month 25.3%
1 Year 51.8%
3 Year 23.8%
5 Year 23.3%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
V Srivatsa17 May 177.04 Yr.

Data below for UTI Core Equity Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services30.97%
Consumer Cyclical11.34%
Health Care8.69%
Basic Materials8.43%
Technology7.38%
Industrials7%
Consumer Defensive6.07%
Energy4.56%
Utility4.31%
Communication Services4.02%
Real Estate1.67%
Asset Allocation
Asset ClassValue
Cash5.43%
Equity94.45%
Debt0.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFCBANK
8%₹252 Cr1,646,952
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 06 | ICICIBANK
5%₹160 Cr1,424,312
↓ -183,576
ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 08 | ITC
4%₹119 Cr2,787,353
↑ 168,454
Reliance Industries Ltd (Energy)
Equity, Since 29 Feb 20 | RELIANCE
3%₹87 Cr303,876
↓ -23,286
Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Aug 21 | OFSS
3%₹81 Cr108,007
↑ 7,295
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 532215
2%₹70 Cr600,203
↓ -103,848
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | M&M
2%₹69 Cr274,230
↓ -83,948
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | FEDERALBNK
2%₹68 Cr4,225,169
↓ -1,008,316
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 28 Feb 21 | AUROPHARMA
2%₹67 Cr566,118
↑ 14,276
Infosys Ltd (Technology)
Equity, Since 28 Feb 06 | INFY
2%₹66 Cr468,192
↑ 79,677

Disclaimer:
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.
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