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Mutual Funds for Australia-Based NRI Investing in India
As, India is one of the fastest growing economies in the world with over 5 percent GDP growth for many years, it attracts thousands of NRI investors from abroad. World Bank and IMF have projected India’s GDP to grow at 7.4 percent and 7.8 percent in 2018 and 2019 respectively. Currently, India is world’s fifth largest Economy at $2.7 trillion GDP.
Non-Resident Indians (NRIs) living in 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.
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.
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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) |
Popular Cities in Australia
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
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) L&T Emerging Businesses Fund Growth ₹59.5566
↑ 0.57 ₹10,766 15.7 25.9 31.5 40.1 17.1 1 L&T India Value Fund Growth ₹72.0342
↑ 0.51 ₹9,077 13.8 19.4 27.4 27.3 13.8 5.2 Sundaram Rural and Consumption Fund Growth ₹72.2012
↑ 0.64 ₹1,242 14.3 19.6 17.8 20.4 10.5 9.3 UTI Dynamic Bond Fund Growth ₹26.763
↓ 0.00 ₹468 0.7 3.4 5.8 9 5.7 10.1 UTI Banking & PSU Debt Fund Growth ₹19.0338
↓ -0.01 ₹967 0.7 3.7 5.6 6.5 5.6 10.3 Sundaram Mid Cap Fund Growth ₹877.681
↑ 6.68 ₹8,358 15.5 21.1 21.4 26.5 11.8 4.8 L&T Midcap Fund Growth ₹245.183
↑ 1.87 ₹7,920 15.2 19.6 20.9 22.2 11.3 1.1 L&T Business Cycles Fund Growth ₹28.1948
↑ 0.21 ₹643 9.5 19 19.9 26.1 12.1 5.3 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 L&T Tax Advantage Fund Growth ₹89.4863
↑ 0.40 ₹3,300 7.8 14.5 15.5 19.4 9.3 -3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
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 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 (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 Below is the key information for Sundaram Rural and Consumption Fund Returns up to 1 year are on 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 Below is the key information for UTI Dynamic Bond Fund Returns up to 1 year are on 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 Below is the key information for UTI Banking & PSU Debt 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 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 Below is the key information for L&T Midcap 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 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 Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on 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 Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on 1. L&T Emerging Businesses Fund
CAGR/Annualized return of 21.2% since its launch. Ranked 2 in Small Cap category. Return for 2022 was 1% , 2021 was 77.4% and 2020 was 15.5% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (22 Aug 23) ₹59.5566 ↑ 0.57 (0.97 %) Net Assets (Cr) ₹10,766 on 31 Jul 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 2.19 Information Ratio 1.01 Alpha Ratio 7.44 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹7,863 31 Aug 20 ₹7,732 31 Aug 21 ₹14,721 31 Aug 22 ₹17,119 31 Aug 23 ₹22,561 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 4.9% 3 Month 15.7% 6 Month 25.9% 1 Year 31.5% 3 Year 40.1% 5 Year 17.1% 10 Year 15 Year Since launch 21.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 2013 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 3.71 Yr. Vihang Naik 17 Dec 19 3.71 Yr. Data below for L&T Emerging Businesses Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 38.61% Basic Materials 15.76% Consumer Cyclical 14.81% Technology 8.9% Financial Services 6.45% Real Estate 5.71% Consumer Defensive 3.71% Health Care 3.53% Energy 1.13% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹379 Cr 756,017
↓ -65,000 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹377 Cr 4,981,639 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI3% ₹295 Cr 1,090,358
↓ -158,330 Cera Sanitaryware Ltd (Industrials)
Equity, Since 31 Mar 19 | CERA3% ₹289 Cr 304,220
↓ -5,000 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 20 | APLAPOLLO2% ₹266 Cr 1,588,905 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008402% ₹265 Cr 10,664,200 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹257 Cr 2,188,200 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW2% ₹256 Cr 2,448,245 Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV2% ₹244 Cr 2,149,700
↓ -100,000 Mahindra Lifespace Developers Ltd (Real Estate)
Equity, Since 31 Jul 21 | MAHLIFE2% ₹241 Cr 4,242,200 2. L&T India Value Fund
CAGR/Annualized return of 15.6% since its launch. Ranked 4 in Value category. Return for 2022 was 5.2% , 2021 was 40.3% and 2020 was 14.6% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (22 Aug 23) ₹72.0342 ↑ 0.51 (0.72 %) Net Assets (Cr) ₹9,077 on 31 Jul 23 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 1.86 Information Ratio 0.85 Alpha Ratio 10.79 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,749 31 Aug 20 ₹9,036 31 Aug 21 ₹14,473 31 Aug 22 ₹15,280 31 Aug 23 ₹19,098 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.9% 3 Month 13.8% 6 Month 19.4% 1 Year 27.4% 3 Year 27.3% 5 Year 13.8% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.2% 2021 40.3% 2020 14.6% 2019 4.6% 2018 -11.4% 2017 41.3% 2016 8.1% 2015 12.9% 2014 74.1% 2013 6.6% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 10.78 Yr. Vihang Naik 17 Dec 19 3.71 Yr. Data below for L&T India Value Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 27.99% Industrials 16.9% Basic Materials 14.8% Consumer Cyclical 9.23% Technology 8.93% Consumer Defensive 5.33% Utility 4.05% Health Care 3.66% Real Estate 2.87% Communication Services 2.32% Energy 2.28% Asset Allocation
Asset Class Value Cash 1.42% Equity 98.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK6% ₹519 Cr 5,410,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325554% ₹371 Cr 16,821,000 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL4% ₹335 Cr 7,379,629 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹324 Cr 5,766,900 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK3% ₹319 Cr 2,028,700 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK3% ₹309 Cr 21,478,000 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 5327143% ₹261 Cr 3,887,970 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹247 Cr 913,137 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC3% ₹243 Cr 5,518,200 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹235 Cr 1,489,400
↓ -115,100 3. Sundaram Rural and Consumption Fund
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% . 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.
Date Value 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 Returns for Sundaram Rural and Consumption Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.1% 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
Year Returns 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
Name Since Tenure Ratish Varier 1 Jan 22 1.67 Yr. Ashish Aggarwal 1 Jan 22 1.67 Yr. Data below for Sundaram Rural and Consumption Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Consumer Cyclical 44.33% Consumer Defensive 32.25% Communication Services 10.45% Basic Materials 3.07% Financial Services 2.91% Health Care 1.81% Real Estate 1.22% Asset Allocation
Asset Class Value Cash 3.95% Equity 96.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR7% ₹93 Cr 371,782 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC7% ₹92 Cr 2,103,660 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL7% ₹87 Cr 3,444,054
↓ -57,651 Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN6% ₹79 Cr 255,389 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL6% ₹77 Cr 901,929 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M5% ₹64 Cr 405,619 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI5% ₹64 Cr 63,703 United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Dec 18 | MCDOWELL-N4% ₹57 Cr 564,432 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5230254% ₹45 Cr 123,246 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Jun 16 | NESTLEIND3% ₹43 Cr 19,417 4. UTI Dynamic Bond Fund
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% . 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.
Date Value 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 Returns for UTI Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0% 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
Year Returns 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
Name Since Tenure Sudhir Agarwal 1 Dec 21 1.75 Yr. Data below for UTI Dynamic Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 45.28% Debt 54.72% Debt Sector Allocation
Sector Value Cash Equivalent 45.28% Corporate 34.5% Government 20.22% Credit Quality
Rating Value AA 2.99% AAA 97.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29022024
Sovereign Bonds | -30% ₹145 Cr 1,500,000,000
↑ 1,500,000,000 07.18 Goi 2033
Sovereign Bonds | -11% ₹50 Cr 500,000,000
↓ -500,000,000 HDFC Bank Limited
Debentures | -10% ₹45 Cr 4,500 Rural Electrification Corporation Limited
Debentures | -9% ₹45 Cr 4,500 Power Finance Corporation Ltd.
Debentures | -9% ₹45 Cr 4,500 Indian Railway Finance Corporation Limited
Debentures | -5% ₹25 Cr 2,500 91 DTB 19102023
Sovereign Bonds | -5% ₹25 Cr 250,000,000 182 DTB 14092023
Sovereign Bonds | -3% ₹15 Cr 150,000,000 Can Fin Homes Limited
Debentures | -2% ₹10 Cr 100 Net Current Assets
Net Current Assets | -15% ₹70 Cr 5. UTI Banking & PSU Debt Fund
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% . 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.
Date Value 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 Returns for UTI Banking & PSU Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.1% 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
Year Returns 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
Name Since Tenure Anurag Mittal 1 Dec 21 1.75 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.91% Debt 93.09% Debt Sector Allocation
Sector Value Government 53.24% Corporate 39.84% Cash Equivalent 6.91% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -21% ₹201 Cr 2,000,000,000 Rural Electrification Corporation Limited
Debentures | -6% ₹60 Cr 6,000 Axis Bank Limited
Debentures | -6% ₹55 Cr 550 ICICI Bank Limited
Debentures | -5% ₹52 Cr 550 Hindustan Petroleum Corporation Limited
Debentures | -5% ₹50 Cr 5,000 HDFC Bank Limited
Debentures | -4% ₹40 Cr 400 Power Finance Corporation Ltd.
Debentures | -4% ₹40 Cr 400 National Bank For Agriculture And Rural Development
Debentures | -4% ₹40 Cr 4,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹26 Cr 250 Indian Railway Finance Corporation Limited
Debentures | -3% ₹25 Cr 250 6. Sundaram Mid Cap Fund
CAGR/Annualized return of 23.7% since its launch. Ranked 13 in Mid Cap category. Return for 2022 was 4.8% , 2021 was 37.5% and 2020 was 11.8% . Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (22 Aug 23) ₹877.681 ↑ 6.68 (0.77 %) Net Assets (Cr) ₹8,358 on 31 Jul 23 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 1.32 Information Ratio -1.32 Alpha Ratio -1.91 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,288 31 Aug 20 ₹8,419 31 Aug 21 ₹13,530 31 Aug 22 ₹14,767 31 Aug 23 ₹17,660 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 3.6% 3 Month 15.5% 6 Month 21.1% 1 Year 21.4% 3 Year 26.5% 5 Year 11.8% 10 Year 15 Year Since launch 23.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 2021 37.5% 2020 11.8% 2019 -0.3% 2018 -15.4% 2017 40.8% 2016 11.3% 2015 11.2% 2014 75% 2013 4.6% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 2.52 Yr. Ratish Varier 24 Feb 21 2.52 Yr. Data below for Sundaram Mid Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 23.33% Industrials 17.9% Consumer Cyclical 17.82% Basic Materials 10.94% Health Care 9.39% Technology 4.56% Utility 3.31% Consumer Defensive 3.09% Communication Services 2.13% Real Estate 1.99% Energy 0.63% Asset Allocation
Asset Class Value Cash 4.61% Equity 95.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK4% ₹318 Cr 22,120,395 Shriram Finance Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Jun 21 | SHRIRAMFIN4% ₹313 Cr 1,624,015 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL3% ₹228 Cr 9,072,361
↓ -230,602 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA3% ₹221 Cr 760,591
↑ 23,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NAVINFLUOR3% ₹221 Cr 478,957 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328103% ₹220 Cr 8,459,013
↑ 1,095,000 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹217 Cr 1,270,221
↑ 75,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002512% ₹212 Cr 1,036,784
↓ -141,150 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹212 Cr 6,391,007
↑ 41,500 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 28 Feb 13 | CHOLAFIN2% ₹204 Cr 1,816,845 7. L&T Midcap Fund
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% . 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.
Date Value 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 Returns for L&T Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 4.2% 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
Year Returns 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
Name Since Tenure Vihang Naik 28 Jun 16 7.18 Yr. Cheenu Gupta 26 Nov 22 0.76 Yr. Data below for L&T Midcap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Cash 0.87% Equity 99.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI3% ₹276 Cr 1,043,486 AIA Engineering Ltd (Industrials)
Equity, Since 31 Dec 16 | AIAENG3% ₹230 Cr 621,300 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN2% ₹193 Cr 743,568 Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA2% ₹186 Cr 80,700 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 5005302% ₹179 Cr 96,253 3M India Ltd (Industrials)
Equity, Since 30 Sep 19 | 3MINDIA2% ₹176 Cr 56,500 Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 5311622% ₹174 Cr 3,326,025 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 21 | 5328102% ₹174 Cr 6,690,600 CRISIL Ltd (Financial Services)
Equity, Since 31 Mar 17 | CRISIL2% ₹169 Cr 426,444 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP2% ₹164 Cr 995,400 8. L&T Business Cycles Fund
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% . 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.
Date Value 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 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.6% 3 Month 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
Year Returns 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
Name Since Tenure Venugopal Manghat 20 Aug 14 9.04 Yr. Gautam Bhupal 1 Jun 23 0.25 Yr. Sonal Gupta 1 Jun 23 0.25 Yr. Data below for L&T Business Cycles Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 34.2% Financial Services 27.64% Basic Materials 13.6% Consumer Cyclical 11.49% Energy 7.13% Real Estate 2.53% Asset Allocation
Asset Class Value Cash 1.64% Equity 98.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK8% ₹54 Cr 341,400 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK6% ₹41 Cr 425,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT5% ₹30 Cr 109,798 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹26 Cr 110,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 14 | SBIN4% ₹25 Cr 450,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 5002513% ₹22 Cr 107,000 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABB3% ₹20 Cr 46,500 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT3% ₹20 Cr 274,908 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 16 | RATNAMANI3% ₹20 Cr 75,000 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECH3% ₹19 Cr 45,400 9. BNP Paribas Multi Cap Fund
CAGR/Annualized return of 12.9% since its launch. Ranked 18 in Multi Cap category. . 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.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,482 31 Aug 20 ₹9,753 31 Aug 21 ₹15,567 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month -4.4% 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
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 10. L&T Tax Advantage Fund
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% . 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.
Date Value 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 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 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
Year Returns 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
Name Since Tenure Gautam Bhupal 26 Nov 22 0.76 Yr. Cheenu Gupta 2 Jul 21 2.17 Yr. Data below for L&T Tax Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 29.98% Industrials 19.02% Consumer Cyclical 16.91% Technology 12.53% Consumer Defensive 8.71% Basic Materials 4.09% Health Care 3.53% Energy 3.49% Asset Allocation
Asset Class Value Cash 1.42% Equity 98.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK8% ₹264 Cr 1,680,600
↓ -99,392 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹182 Cr 1,897,100 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT5% ₹155 Cr 574,100 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN4% ₹125 Cr 1,114,400 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH4% ₹125 Cr 1,059,800 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008503% ₹111 Cr 2,639,300
↓ -286,573 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹109 Cr 451,600 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000933% ₹107 Cr 2,486,300 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 22 | SUNPHARMA3% ₹98 Cr 880,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹89 Cr 622,100
↓ -117,300
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