fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Australia-Based NRI Investment in Mutual Funds

Mutual Funds for Australia-Based NRI Investing in India

Updated on September 21, 2023 , 7832 views

As, India is one of the fastest growing economies in the world with over 5 percent GDP growth for many years, it attracts thousands of NRI investors from abroad. World Bank and IMF have projected India’s GDP to grow at 7.4 percent and 7.8 percent in 2018 and 2019 respectively. Currently, India is world’s fifth largest Economy at $2.7 trillion GDP.

Non-Resident Indians (NRIs) living in Australia can plan their investment in Mutual Funds India in order to earn optimal returns in the long-run. Australia-based NRIs can invest in stocks in India via mutual funds by Investing in Equity Funds. Equities are ideal for long-term investments, if you have goals like retirement, purchase of a house, or if you just want to build wealth these funds can be an ideal option. And in case, if you want to earn returns higher than bank savings accounts than investing in debt funds for short-term is advisable. Before investing, one should always access their risk ability.

Australia-based NRIs who want to invest in Mutual Funds in India there are some of the important guidelines & rules that need to be followed in order to begin their investment.

Australia-NRI

Accounts for NRIs Living in Australia

To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian bank:

NRE Account

This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.

NRO Account

The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their Income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).

FCNR Account

This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.

Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.

KYC Procedure for Australia NRIs to Invest in Mutual Funds

To successfully complete your KYC procedure, Australia 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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Mutual Fund Taxation for Non-Resident Indian(NRI)

Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:

NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)

Types of Mutual Fund Scheme Short Term Capital Gains (STCG) Long Term Capital Gains (LTCG)
Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year 15% Nil
Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years As per Individual’s income tax bracket On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation)

Mutual Fund Taxation on Dividends

  • Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.

  • Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.

Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.

NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)

Mutual Fund Redemptions by NRIs & TDS Rate STCG & TDS Rate LTCG & TDS Rate
Type of MF Scheme
Equity Oriented Funds 15% Nil
Debt Funds 30% On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation)

Some of the most popular cities in Australia where you can find most Indians are:

  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Adelaide

Best Mutual Funds for Australia-Based NRIs

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
L&T Emerging Businesses Fund Growth ₹59.5566
↑ 0.57
₹10,76615.725.931.540.117.11
L&T India Value Fund Growth ₹72.0342
↑ 0.51
₹9,07713.819.427.427.313.85.2
Sundaram Rural and Consumption Fund Growth ₹72.2012
↑ 0.64
₹1,24214.319.617.820.410.59.3
UTI Dynamic Bond Fund Growth ₹26.763
↓ 0.00
₹4680.73.45.895.710.1
UTI Banking & PSU Debt Fund Growth ₹19.0338
↓ -0.01
₹9670.73.75.66.55.610.3
Sundaram Mid Cap Fund Growth ₹877.681
↑ 6.68
₹8,35815.521.121.426.511.84.8
L&T Midcap Fund Growth ₹245.183
↑ 1.87
₹7,92015.219.620.922.211.31.1
L&T Business Cycles Fund Growth ₹28.1948
↑ 0.21
₹6439.51919.926.112.15.3
BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01
₹588-4.6-2.619.317.313.6
L&T Tax Advantage Fund Growth ₹89.4863
↑ 0.40
₹3,3007.814.515.519.49.3-3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23

1. 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 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% .

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

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.

DateValue
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

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 ₹470,047.
Net Profit of ₹170,047
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 22 Aug 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Venugopal Manghat17 Dec 193.71 Yr.
Vihang Naik17 Dec 193.71 Yr.

Data below for L&T Emerging Businesses Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Industrials38.61%
Basic Materials15.76%
Consumer Cyclical14.81%
Technology8.9%
Financial Services6.45%
Real Estate5.71%
Consumer Defensive3.71%
Health Care3.53%
Energy1.13%
Asset Allocation
Asset ClassValue
Cash1.39%
Equity98.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
3%₹379 Cr756,017
↓ -65,000
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
3%₹377 Cr4,981,639
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
3%₹295 Cr1,090,358
↓ -158,330
Cera Sanitaryware Ltd (Industrials)
Equity, Since 31 Mar 19 | CERA
3%₹289 Cr304,220
↓ -5,000
APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 20 | APLAPOLLO
2%₹266 Cr1,588,905
EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 500840
2%₹265 Cr10,664,200
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
2%₹257 Cr2,188,200
Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW
2%₹256 Cr2,448,245
Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV
2%₹244 Cr2,149,700
↓ -100,000
Mahindra Lifespace Developers Ltd (Real Estate)
Equity, Since 31 Jul 21 | MAHLIFE
2%₹241 Cr4,242,200

2. 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 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% .

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

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.

DateValue
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

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 ₹426,080.
Net Profit of ₹126,080
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 22 Aug 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Venugopal Manghat24 Nov 1210.78 Yr.
Vihang Naik17 Dec 193.71 Yr.

Data below for L&T India Value Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services27.99%
Industrials16.9%
Basic Materials14.8%
Consumer Cyclical9.23%
Technology8.93%
Consumer Defensive5.33%
Utility4.05%
Health Care3.66%
Real Estate2.87%
Communication Services2.32%
Energy2.28%
Asset Allocation
Asset ClassValue
Cash1.42%
Equity98.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
6%₹519 Cr5,410,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
4%₹371 Cr16,821,000
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL
4%₹335 Cr7,379,629
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹324 Cr5,766,900
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
3%₹319 Cr2,028,700
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK
3%₹309 Cr21,478,000
KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 532714
3%₹261 Cr3,887,970
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹247 Cr913,137
ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC
3%₹243 Cr5,518,200
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹235 Cr1,489,400
↓ -115,100

3. Sundaram Rural and Consumption Fund

(Erstwhile Sundaram Rural India Fund)

The primary investment objective of the scheme is to generate consistent long-term returns by investing predominantly in equity & equity related instruments of companies that are focusing on Rural India.

Sundaram Rural and Consumption Fund is a Equity - Sectoral fund was launched on 12 May 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.1% since its launch.  Ranked 2 in Sectoral category.  Return for 2022 was 9.3% , 2021 was 19.3% and 2020 was 13.5% .

Below is the key information for Sundaram Rural and Consumption Fund

Sundaram Rural and Consumption Fund
Growth
Launch Date 12 May 06
NAV (22 Aug 23) ₹72.2012 ↑ 0.64   (0.89 %)
Net Assets (Cr) ₹1,242 on 31 Jul 23
Category Equity - Sectoral
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.27
Sharpe Ratio 0.84
Information Ratio 0.16
Alpha Ratio 3.88
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
31 Aug 18₹10,000
31 Aug 19₹8,728
31 Aug 20₹9,132
31 Aug 21₹12,711
31 Aug 22₹14,292
31 Aug 23₹16,336

Sundaram Rural and Consumption Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for Sundaram Rural and Consumption Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 2.1%
3 Month 14.3%
6 Month 19.6%
1 Year 17.8%
3 Year 20.4%
5 Year 10.5%
10 Year
15 Year
Since launch 12.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 9.3%
2021 19.3%
2020 13.5%
2019 2.7%
2018 -7.8%
2017 38.7%
2016 21.1%
2015 6.3%
2014 47.4%
2013 -0.6%
Fund Manager information for Sundaram Rural and Consumption Fund
NameSinceTenure
Ratish Varier1 Jan 221.67 Yr.
Ashish Aggarwal1 Jan 221.67 Yr.

Data below for Sundaram Rural and Consumption Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Consumer Cyclical44.33%
Consumer Defensive32.25%
Communication Services10.45%
Basic Materials3.07%
Financial Services2.91%
Health Care1.81%
Real Estate1.22%
Asset Allocation
Asset ClassValue
Cash3.95%
Equity96.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR
7%₹93 Cr371,782
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC
7%₹92 Cr2,103,660
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL
7%₹87 Cr3,444,054
↓ -57,651
Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN
6%₹79 Cr255,389
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL
6%₹77 Cr901,929
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M
5%₹64 Cr405,619
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI
5%₹64 Cr63,703
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Dec 18 | MCDOWELL-N
4%₹57 Cr564,432
Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 523025
4%₹45 Cr123,246
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Jun 16 | NESTLEIND
3%₹43 Cr19,417

4. UTI Dynamic Bond Fund

The investment objective of the scheme is to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

UTI Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 16 Jun 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 3 in Dynamic Bond category.  Return for 2022 was 10.1% , 2021 was 10.8% and 2020 was 5.9% .

Below is the key information for UTI Dynamic Bond Fund

UTI Dynamic Bond Fund
Growth
Launch Date 16 Jun 10
NAV (22 Aug 23) ₹26.763 ↓ 0.00   (0.00 %)
Net Assets (Cr) ₹468 on 31 Jul 23
Category Debt - Dynamic Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 1.55
Sharpe Ratio -0.16
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.93%
Effective Maturity 4 Years 9 Months
Modified Duration 4 Years 4 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹9,829
31 Aug 20₹10,183
31 Aug 21₹10,540
31 Aug 22₹12,556
31 Aug 23₹13,271

UTI Dynamic Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0%
3 Month 0.7%
6 Month 3.4%
1 Year 5.8%
3 Year 9%
5 Year 5.7%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 10.1%
2021 10.8%
2020 5.9%
2019 -3.9%
2018 5.2%
2017 4.2%
2016 14.9%
2015 6.9%
2014 14.7%
2013 7.6%
Fund Manager information for UTI Dynamic Bond Fund
NameSinceTenure
Sudhir Agarwal1 Dec 211.75 Yr.

Data below for UTI Dynamic Bond Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash45.28%
Debt54.72%
Debt Sector Allocation
SectorValue
Cash Equivalent45.28%
Corporate34.5%
Government20.22%
Credit Quality
RatingValue
AA2.99%
AAA97.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 29022024
Sovereign Bonds | -
30%₹145 Cr1,500,000,000
↑ 1,500,000,000
07.18 Goi 2033
Sovereign Bonds | -
11%₹50 Cr500,000,000
↓ -500,000,000
HDFC Bank Limited
Debentures | -
10%₹45 Cr4,500
Rural Electrification Corporation Limited
Debentures | -
9%₹45 Cr4,500
Power Finance Corporation Ltd.
Debentures | -
9%₹45 Cr4,500
Indian Railway Finance Corporation Limited
Debentures | -
5%₹25 Cr2,500
91 DTB 19102023
Sovereign Bonds | -
5%₹25 Cr250,000,000
182 DTB 14092023
Sovereign Bonds | -
3%₹15 Cr150,000,000
Can Fin Homes Limited
Debentures | -
2%₹10 Cr100
Net Current Assets
Net Current Assets | -
15%₹70 Cr

5. UTI Banking & PSU Debt Fund

The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs).

UTI Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 3 Feb 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 3 in Banking & PSU Debt category.  Return for 2022 was 10.3% , 2021 was 2.8% and 2020 was 8.9% .

Below is the key information for UTI Banking & PSU Debt Fund

UTI Banking & PSU Debt Fund
Growth
Launch Date 3 Feb 14
NAV (22 Aug 23) ₹19.0338 ↓ -0.01   (-0.03 %)
Net Assets (Cr) ₹967 on 31 Jul 23
Category Debt - Banking & PSU Debt
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.5
Sharpe Ratio -0.13
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.43%
Effective Maturity 3 Years 9 Months
Modified Duration 3 Years 1 Month 2 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,115
31 Aug 20₹10,863
31 Aug 21₹11,309
31 Aug 22₹12,431
31 Aug 23₹13,143

UTI Banking & PSU Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI Banking & PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.1%
3 Month 0.7%
6 Month 3.7%
1 Year 5.6%
3 Year 6.5%
5 Year 5.6%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 10.3%
2021 2.8%
2020 8.9%
2019 -1%
2018 6.8%
2017 6.4%
2016 11.7%
2015 8.6%
2014
2013
Fund Manager information for UTI Banking & PSU Debt Fund
NameSinceTenure
Anurag Mittal1 Dec 211.75 Yr.

Data below for UTI Banking & PSU Debt Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash6.91%
Debt93.09%
Debt Sector Allocation
SectorValue
Government53.24%
Corporate39.84%
Cash Equivalent6.91%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
21%₹201 Cr2,000,000,000
Rural Electrification Corporation Limited
Debentures | -
6%₹60 Cr6,000
Axis Bank Limited
Debentures | -
6%₹55 Cr550
ICICI Bank Limited
Debentures | -
5%₹52 Cr550
Hindustan Petroleum Corporation Limited
Debentures | -
5%₹50 Cr5,000
HDFC Bank Limited
Debentures | -
4%₹40 Cr400
Power Finance Corporation Ltd.
Debentures | -
4%₹40 Cr400
National Bank For Agriculture And Rural Development
Debentures | -
4%₹40 Cr4,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹26 Cr250
Indian Railway Finance Corporation Limited
Debentures | -
3%₹25 Cr250

6. 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 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% .

Below is the key information for Sundaram Mid Cap Fund

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.

DateValue
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

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 ₹405,518.
Net Profit of ₹105,518
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 22 Aug 23

DurationReturns
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
YearReturns
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
NameSinceTenure
S. Bharath24 Feb 212.52 Yr.
Ratish Varier24 Feb 212.52 Yr.

Data below for Sundaram Mid Cap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services23.33%
Industrials17.9%
Consumer Cyclical17.82%
Basic Materials10.94%
Health Care9.39%
Technology4.56%
Utility3.31%
Consumer Defensive3.09%
Communication Services2.13%
Real Estate1.99%
Energy0.63%
Asset Allocation
Asset ClassValue
Cash4.61%
Equity95.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK
4%₹318 Cr22,120,395
Shriram Finance Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN
4%₹313 Cr1,624,015
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL
3%₹228 Cr9,072,361
↓ -230,602
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA
3%₹221 Cr760,591
↑ 23,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NAVINFLUOR
3%₹221 Cr478,957
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 532810
3%₹220 Cr8,459,013
↑ 1,095,000
Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 500480
3%₹217 Cr1,270,221
↑ 75,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 500251
2%₹212 Cr1,036,784
↓ -141,150
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 532843
2%₹212 Cr6,391,007
↑ 41,500
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 28 Feb 13 | CHOLAFIN
2%₹204 Cr1,816,845

7. 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 18.3% since its launch.  Ranked 5 in Mid Cap category.  Return for 2022 was 1.1% , 2021 was 30.4% and 2020 was 19% .

Below is the key information for L&T Midcap Fund

L&T Midcap Fund
Growth
Launch Date 9 Aug 04
NAV (22 Aug 23) ₹245.183 ↑ 1.87   (0.77 %)
Net Assets (Cr) ₹7,920 on 31 Jul 23
Category Equity - Mid Cap
AMC L&T Investment Management Ltd
Rating
Risk High
Expense Ratio 1.85
Sharpe Ratio 1.35
Information Ratio -1.88
Alpha Ratio -0.79
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.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,267
31 Aug 20₹9,115
31 Aug 21₹14,008
31 Aug 22₹14,368
31 Aug 23₹17,092

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 ₹405,518.
Net Profit of ₹105,518
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 22 Aug 23

DurationReturns
1 Month 4.2%
3 Month 15.2%
6 Month 19.6%
1 Year 20.9%
3 Year 22.2%
5 Year 11.3%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 5.6%
Fund Manager information for L&T Midcap Fund
NameSinceTenure
Vihang Naik28 Jun 167.18 Yr.
Cheenu Gupta26 Nov 220.76 Yr.

Data below for L&T Midcap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Cash0.87%
Equity99.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI
3%₹276 Cr1,043,486
AIA Engineering Ltd (Industrials)
Equity, Since 31 Dec 16 | AIAENG
3%₹230 Cr621,300
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
2%₹193 Cr743,568
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA
2%₹186 Cr80,700
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 500530
2%₹179 Cr96,253
3M India Ltd (Industrials)
Equity, Since 30 Sep 19 | 3MINDIA
2%₹176 Cr56,500
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
2%₹174 Cr3,326,025
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 21 | 532810
2%₹174 Cr6,690,600
CRISIL Ltd (Financial Services)
Equity, Since 31 Mar 17 | CRISIL
2%₹169 Cr426,444
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP
2%₹164 Cr995,400

8. 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 12.2% since its launch.  Ranked 19 in Sectoral category.  Return for 2022 was 5.3% , 2021 was 34.5% and 2020 was 9.3% .

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

L&T Business Cycles Fund
Growth
Launch Date 20 Aug 14
NAV (22 Aug 23) ₹28.1948 ↑ 0.21   (0.74 %)
Net Assets (Cr) ₹643 on 31 Jul 23
Category Equity - Sectoral
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.51
Sharpe Ratio 1.43
Information Ratio 0.77
Alpha Ratio 6.82
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
31 Aug 18₹10,000
31 Aug 19₹8,875
31 Aug 20₹8,835
31 Aug 21₹13,798
31 Aug 22₹15,326
31 Aug 23₹17,804

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 ₹415,684.
Net Profit of ₹115,684
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 22 Aug 23

DurationReturns
1 Month 0.6%
3 Month 9.5%
6 Month 19%
1 Year 19.9%
3 Year 26.1%
5 Year 12.1%
10 Year
15 Year
Since launch 12.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
2013
Fund Manager information for L&T Business Cycles Fund
NameSinceTenure
Venugopal Manghat20 Aug 149.04 Yr.
Gautam Bhupal1 Jun 230.25 Yr.
Sonal Gupta1 Jun 230.25 Yr.

Data below for L&T Business Cycles Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Industrials34.2%
Financial Services27.64%
Basic Materials13.6%
Consumer Cyclical11.49%
Energy7.13%
Real Estate2.53%
Asset Allocation
Asset ClassValue
Cash1.64%
Equity98.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK
8%₹54 Cr341,400
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK
6%₹41 Cr425,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT
5%₹30 Cr109,798
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹26 Cr110,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 14 | SBIN
4%₹25 Cr450,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 500251
3%₹22 Cr107,000
ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABB
3%₹20 Cr46,500
Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT
3%₹20 Cr274,908
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 16 | RATNAMANI
3%₹20 Cr75,000
Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECH
3%₹19 Cr45,400

9. BNP Paribas Multi Cap Fund

(Erstwhile BNP Paribas Dividend Yield Fund)

The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.9% since its launch.  Ranked 18 in Multi Cap category. .

Below is the key information for BNP Paribas Multi Cap Fund

BNP Paribas Multi Cap Fund
Growth
Launch Date 15 Sep 05
NAV (13 Mar 22) ₹73.5154 ↓ -0.01   (-0.01 %)
Net Assets (Cr) ₹588 on 31 Jan 22
Category Equity - Multi Cap
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.44
Sharpe Ratio 2.86
Information Ratio 0
Alpha Ratio 0
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.

DateValue
31 Aug 18₹10,000
31 Aug 19₹9,482
31 Aug 20₹9,753
31 Aug 21₹15,567

BNP Paribas Multi 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 ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for BNP Paribas Multi 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 22 Aug 23

DurationReturns
1 Month -4.4%
3 Month -4.6%
6 Month -2.6%
1 Year 19.3%
3 Year 17.3%
5 Year 13.6%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for BNP Paribas Multi Cap Fund
NameSinceTenure

Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

10. L&T Tax Advantage Fund

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.4% since its launch.  Ranked 7 in ELSS category.  Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (22 Aug 23) ₹89.4863 ↑ 0.40   (0.45 %)
Net Assets (Cr) ₹3,300 on 31 Jul 23
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.98
Sharpe Ratio 1.14
Information Ratio -0.63
Alpha Ratio 3.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,735
31 Aug 20₹9,026
31 Aug 21₹13,627
31 Aug 22₹13,713
31 Aug 23₹15,690

L&T Tax 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 ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for L&T Tax 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 22 Aug 23

DurationReturns
1 Month 0.4%
3 Month 7.8%
6 Month 14.5%
1 Year 15.5%
3 Year 19.4%
5 Year 9.3%
10 Year
15 Year
Since launch 13.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -3%
2021 30.3%
2020 13.5%
2019 4.6%
2018 -8.1%
2017 42.3%
2016 8.1%
2015 2.9%
2014 44.8%
2013 6.8%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Gautam Bhupal26 Nov 220.76 Yr.
Cheenu Gupta2 Jul 212.17 Yr.

Data below for L&T Tax Advantage Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services29.98%
Industrials19.02%
Consumer Cyclical16.91%
Technology12.53%
Consumer Defensive8.71%
Basic Materials4.09%
Health Care3.53%
Energy3.49%
Asset Allocation
Asset ClassValue
Cash1.42%
Equity98.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
8%₹264 Cr1,680,600
↓ -99,392
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
6%₹182 Cr1,897,100
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
5%₹155 Cr574,100
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN
4%₹125 Cr1,114,400
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
4%₹125 Cr1,059,800
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 500850
3%₹111 Cr2,639,300
↓ -286,573
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
3%₹109 Cr451,600
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 500093
3%₹107 Cr2,486,300
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 22 | SUNPHARMA
3%₹98 Cr880,400
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹89 Cr622,100
↓ -117,300

How to Invest in Mutual Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

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.
How helpful was this page ?
Rated 5, based on 2 reviews.
POST A COMMENT