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

Mutual Funds for Australia-Based NRI Investing in India

Updated on March 26, 2023 , 6117 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.

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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)

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 (%)
UTI Dynamic Bond Fund Growth ₹26.0971
↓ -0.01
₹4691.42.7129.95.410.1
UTI Banking & PSU Debt Fund Growth ₹18.5119
↓ -0.01
₹5251.53.410.87.15.410.3
Sundaram Rural and Consumption Fund Growth ₹58.2773
↓ -0.45
₹1,107-7.3-86.822.87.39.3
L&T India Value Fund Growth ₹58.8942
↓ -0.09
₹7,782-2.95.53.933.210.45.2
L&T Emerging Businesses Fund Growth ₹45.6443
↓ -0.11
₹8,672-2.1-0.62.845.311.21
BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01
₹588-4.6-2.619.317.313.6
UTI Bond Fund Growth ₹61.866
↓ -0.01
₹2861.53.211.99.53.59.9
UTI Money Market Fund Growth ₹2,602.67
↑ 0.16
₹7,8981.73.45.656.14.9
UTI Treasury Advantage Fund Growth ₹2,999.74
↑ 0.38
₹2,5661.63.25.16.94.64.5
UTI Gilt Fund Growth ₹52.7591
↓ 0.00
₹5171.53.254.56.72.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Mar 23

1. 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 (28 Mar 23) ₹26.0971 ↓ -0.01   (-0.04 %)
Net Assets (Cr) ₹469 on 28 Feb 23
Category Debt - Dynamic Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 1.59
Sharpe Ratio 0.74
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.11%
Effective Maturity 4 Years 1 Month 24 Days
Modified Duration 2 Years 11 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,351
29 Feb 20₹9,976
28 Feb 21₹10,652
28 Feb 22₹11,879
28 Feb 23₹13,189

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 28 Mar 23

DurationReturns
1 Month 0.7%
3 Month 1.4%
6 Month 2.7%
1 Year 12%
3 Year 9.9%
5 Year 5.4%
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 211.25 Yr.

Data below for UTI Dynamic Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash26.37%
Debt73.63%
Debt Sector Allocation
SectorValue
Government50.16%
Corporate39.4%
Cash Equivalent10.44%
Credit Quality
RatingValue
AA5.37%
AAA94.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
21%₹100 Cr1,000,000,000
↓ -250,000,000
7.26 8/22/2032 12:00:00 Am
Sovereign Bonds | -
11%₹50 Cr500,000,000
↑ 500,000,000
Rural Electrification Corporation Limited
Debentures | -
10%₹45 Cr4,500
↑ 4,500
Power Finance Corporation Ltd.
Debentures | -
10%₹45 Cr4,500
Housing Development Finance Corporation Limited
Debentures | -
7%₹35 Cr3,500
Indian Railway Finance Corporation Limited
Debentures | -
5%₹25 Cr2,500
07.64 MP Sgs 2033
Sovereign Bonds | -
5%₹25 Cr250,000,000
182 DTB 23032023
Sovereign Bonds | -
3%₹15 Cr150,000,000
Punjab National Bank
Debentures | -
2%₹10 Cr100
Can Fin Homes Limited
Debentures | -
2%₹10 Cr100

2. 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 (28 Mar 23) ₹18.5119 ↓ -0.01   (-0.08 %)
Net Assets (Cr) ₹525 on 28 Feb 23
Category Debt - Banking & PSU Debt
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.31
Sharpe Ratio 0.8
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.56%
Effective Maturity 3 Years 11 Months 5 Days
Modified Duration 3 Years 2 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,499
29 Feb 20₹10,696
28 Feb 21₹11,394
28 Feb 22₹11,837
28 Feb 23₹13,034

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 28 Mar 23

DurationReturns
1 Month 0.9%
3 Month 1.5%
6 Month 3.4%
1 Year 10.8%
3 Year 7.1%
5 Year 5.4%
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 211.25 Yr.

Data below for UTI Banking & PSU Debt Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash2.72%
Debt97.28%
Debt Sector Allocation
SectorValue
Government49.43%
Corporate47.84%
Cash Equivalent2.72%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
22%₹121 Cr1,200,000,000
↑ 150,000,000
Power Finance Corporation Ltd.
Debentures | -
7%₹40 Cr400
National Housing Bank
Debentures | -
7%₹40 Cr400
Axis Bank Limited
Debentures | -
6%₹30 Cr300
National Bank For Agriculture And Rural Development
Debentures | -
5%₹26 Cr250
Export Import Bank Of India
Debentures | -
5%₹25 Cr250
Indian Railway Finance Corporation Limited
Debentures | -
5%₹25 Cr250
National Bank For Agriculture And Rural Development
Debentures | -
5%₹25 Cr2,500
↑ 2,500
Small Industries Development Bank Of India
Debentures | -
5%₹25 Cr250
Rec Limited
Debentures | -
5%₹25 Cr250

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 11% 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 (28 Mar 23) ₹58.2773 ↓ -0.45   (-0.76 %)
Net Assets (Cr) ₹1,107 on 28 Feb 23
Category Equity - Sectoral
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.24
Sharpe Ratio 0.17
Information Ratio -0.36
Alpha Ratio 0.86
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
28 Feb 18₹10,000
28 Feb 19₹9,252
29 Feb 20₹10,114
28 Feb 21₹11,579
28 Feb 22₹13,155
28 Feb 23₹14,088

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 ₹367,070.
Net Profit of ₹67,070
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 28 Mar 23

DurationReturns
1 Month -2.2%
3 Month -7.3%
6 Month -8%
1 Year 6.8%
3 Year 22.8%
5 Year 7.3%
10 Year
15 Year
Since launch 11%
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 221.16 Yr.
Ashish Aggarwal1 Jan 221.16 Yr.

Data below for Sundaram Rural and Consumption Fund as on 28 Feb 23

Equity Sector Allocation
SectorValue
Consumer Cyclical39.32%
Consumer Defensive31.39%
Communication Services10.18%
Financial Services4.05%
Health Care2.43%
Basic Materials2.1%
Real Estate2.03%
Industrials0.53%
Asset Allocation
Asset ClassValue
Cash7.96%
Equity92.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR
9%₹98 Cr398,056
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC
6%₹69 Cr1,820,266
Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN
6%₹67 Cr282,609
↓ -11,105
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL
6%₹66 Cr884,639
↑ 50,224
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI
6%₹61 Cr70,800
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | MCDOWELL-N
4%₹41 Cr552,858
Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 523025
3%₹37 Cr184,344
↓ -200
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | CROMPTON
3%₹34 Cr1,126,117
↓ -155,437
State Bank of India (Financial Services)
Equity, Since 31 Oct 22 | SBIN
3%₹33 Cr632,666
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M
3%₹30 Cr239,842

4. 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 14.4% 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 (28 Mar 23) ₹58.8942 ↓ -0.09   (-0.15 %)
Net Assets (Cr) ₹7,782 on 28 Feb 23
Category Equity - Value
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.85
Sharpe Ratio 0.2
Information Ratio 0.46
Alpha Ratio 4.63
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
28 Feb 18₹10,000
28 Feb 19₹8,797
29 Feb 20₹9,122
28 Feb 21₹11,862
28 Feb 22₹14,651
28 Feb 23₹15,757

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 ₹395,578.
Net Profit of ₹95,578
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 28 Mar 23

DurationReturns
1 Month -1.2%
3 Month -2.9%
6 Month 5.5%
1 Year 3.9%
3 Year 33.2%
5 Year 10.4%
10 Year
15 Year
Since launch 14.4%
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 1210.27 Yr.
Vihang Naik17 Dec 193.21 Yr.

Data below for L&T India Value Fund as on 28 Feb 23

Equity Sector Allocation
SectorValue
Financial Services27.76%
Basic Materials15.22%
Industrials12.6%
Consumer Cyclical9.96%
Technology9.46%
Consumer Defensive6.92%
Health Care5.37%
Utility4.57%
Real Estate2.76%
Energy2.58%
Communication Services2.24%
Asset Allocation
Asset ClassValue
Cash0.56%
Equity99.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
7%₹554 Cr6,475,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
5%₹356 Cr20,864,600
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹301 Cr5,766,900
Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY
4%₹299 Cr2,010,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 17 | SUNPHARMA
4%₹289 Cr3,023,400
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
4%₹284 Cr1,777,300
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK
4%₹277 Cr21,478,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC
3%₹257 Cr6,827,170
↓ -568,130
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹226 Cr1,778,800
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL
3%₹215 Cr8,064,100

5. 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 18.7% 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 (28 Mar 23) ₹45.6443 ↓ -0.11   (-0.23 %)
Net Assets (Cr) ₹8,672 on 31 Jan 23
Category Equity - Small Cap
AMC L&T Investment Management Ltd
Rating
Risk High
Expense Ratio 1.87
Sharpe Ratio -0.15
Information Ratio 0.61
Alpha Ratio 3.77
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
28 Feb 18₹10,000
28 Feb 19₹8,349
29 Feb 20₹7,845
28 Feb 21₹10,481
28 Feb 22₹15,346
28 Feb 23₹16,795

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 ₹405,518.
Net Profit of ₹105,518
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 28 Mar 23

DurationReturns
1 Month -2.6%
3 Month -2.1%
6 Month -0.6%
1 Year 2.8%
3 Year 45.3%
5 Year 11.2%
10 Year
15 Year
Since launch 18.7%
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 193.21 Yr.
Vihang Naik17 Dec 193.21 Yr.

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

Equity Sector Allocation
SectorValue
Industrials34.81%
Basic Materials17.04%
Consumer Cyclical15.6%
Financial Services9.15%
Technology7.18%
Real Estate5.69%
Consumer Defensive4.82%
Health Care2.66%
Energy1.27%
Communication Services0.08%
Asset Allocation
Asset ClassValue
Cash1.7%
Equity98.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
3%₹269 Cr5,081,639
RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM
3%₹235 Cr3,018,479
Indian Bank (Financial Services)
Equity, Since 31 Jan 22 | 532814
3%₹230 Cr7,556,600
Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | 506076
3%₹225 Cr1,127,322
Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV
3%₹219 Cr2,249,700
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
2%₹215 Cr1,329,400
JK Lakshmi Cement Ltd (Basic Materials)
Equity, Since 31 Oct 20 | JKLAKSHMI
2%₹209 Cr2,845,600
E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY
2%₹207 Cr3,804,620
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
2%₹200 Cr1,184,900
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI
2%₹195 Cr880,422

6. 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
28 Feb 18₹10,000
28 Feb 19₹8,965
29 Feb 20₹10,130
28 Feb 21₹12,488
28 Feb 22₹15,510

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 28 Mar 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

7. UTI Bond Fund

(Erstwhile UTI - Bond Fund)

The Scheme will retain the flexibility to invest in the entire range of debt and money market instruments. The flexibility is being retained to adjust the portfolio in response to a change in the risk to return equation for asset classes under investment, with a view to maintain risks within manageable limits.

UTI Bond Fund is a Debt - Medium to Long term fund was launched on 4 May 98. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.6% since its launch.  Ranked 11 in Medium to Long term category.  Return for 2022 was 9.9% , 2021 was 9.4% and 2020 was 1.1% .

Below is the key information for UTI Bond Fund

UTI Bond Fund
Growth
Launch Date 4 May 98
NAV (28 Mar 23) ₹61.866 ↓ -0.01   (-0.02 %)
Net Assets (Cr) ₹286 on 28 Feb 23
Category Debt - Medium to Long term
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 1.62
Sharpe Ratio 0.72
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.47%
Effective Maturity 6 Years 11 Months 5 Days
Modified Duration 4 Years 2 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,283
29 Feb 20₹9,243
28 Feb 21₹9,875
28 Feb 22₹10,894
28 Feb 23₹12,068

UTI 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 ₹191,330.
Net Profit of ₹11,330
Invest Now

Returns for UTI 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 28 Mar 23

DurationReturns
1 Month 1%
3 Month 1.5%
6 Month 3.2%
1 Year 11.9%
3 Year 9.5%
5 Year 3.5%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 9.9%
2021 9.4%
2020 1.1%
2019 -5.8%
2018 4%
2017 3.6%
2016 13.9%
2015 6.3%
2014 15.6%
2013 4%
Fund Manager information for UTI Bond Fund
NameSinceTenure
Amandeep Chopra31 Jan 1211.09 Yr.

Data below for UTI Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash12.25%
Debt87.75%
Debt Sector Allocation
SectorValue
Government80.37%
Corporate15.35%
Cash Equivalent4.28%
Credit Quality
RatingValue
AA1.91%
AAA98.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26 8/22/2032 12:00:00 Am
Sovereign Bonds | -
22%₹65 Cr650,000,000
↑ 100,000,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
21%₹60 Cr600,000,000
7.41 12/19/2036 12:00:00 Am
Sovereign Bonds | -
10%₹30 Cr300,000,000
↑ 100,000,000
7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -
9%₹25 Cr250,000,000
Rural Electrification Corporation Limited
Debentures | -
7%₹20 Cr2,000
07.74 MH Sgs 2033
Sovereign Bonds | -
5%₹15 Cr150,000,000
↑ 50,000,000
Kotak Mahindra Bank Limited
Debentures | -
5%₹15 Cr150
07.71 GJ Sdl 2034
Sovereign Bonds | -
3%₹10 Cr99,760,000
↑ 99,760,000
Indian Railway Finance Corporation Limited
Debentures | -
2%₹5 Cr500
↓ -1,000
Rural Electrification Corporation Limited
Debentures | -
2%₹5 Cr500
↑ 500

8. UTI Money Market Fund

To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities.

UTI Money Market Fund is a Debt - Money Market fund was launched on 13 Jul 09. It is a fund with Low risk and has given a CAGR/Annualized return of 7.2% since its launch.  Ranked 23 in Money Market category.  Return for 2022 was 4.9% , 2021 was 3.7% and 2020 was 6% .

Below is the key information for UTI Money Market Fund

UTI Money Market Fund
Growth
Launch Date 13 Jul 09
NAV (28 Mar 23) ₹2,602.67 ↑ 0.16   (0.01 %)
Net Assets (Cr) ₹7,898 on 28 Feb 23
Category Debt - Money Market
AMC UTI Asset Management Company Ltd
Rating
Risk Low
Expense Ratio 0.27
Sharpe Ratio -0.34
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.28%
Effective Maturity 4 Months 6 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,805
29 Feb 20₹11,624
28 Feb 21₹12,275
28 Feb 22₹12,751
28 Feb 23₹13,431

UTI Money Market Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for UTI Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.4%
1 Year 5.6%
3 Year 5%
5 Year 6.1%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.9%
2021 3.7%
2020 6%
2019 8%
2018 7.8%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
2013 9.2%
Fund Manager information for UTI Money Market Fund
NameSinceTenure
Anurag Mittal1 Dec 211.25 Yr.
Amit Sharma7 Jul 175.65 Yr.

Data below for UTI Money Market Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash88.9%
Debt11.1%
Debt Sector Allocation
SectorValue
Cash Equivalent39.66%
Corporate30.64%
Government29.7%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 14092023
Sovereign Bonds | -
7%₹579 Cr6,000,000,000
↑ 6,000,000,000
182 DTB 23032023
Sovereign Bonds | -
6%₹499 Cr5,000,000,000
182 DTB 07092023
Sovereign Bonds | -
2%₹193 Cr2,000,000,000
↑ 2,000,000,000
182 DTB 31082023
Sovereign Bonds | -
2%₹145 Cr1,500,000,000
↑ 1,500,000,000
08.27 RJ UDAY 2023
Domestic Bonds | -
1%₹50 Cr500,000,000
364 Dtb 08062023
Sovereign Bonds | -
0%₹20 Cr200,000,000
182 DTB 24082023
Sovereign Bonds | -
0%₹15 Cr150,000,000
Net Current Assets
Net Current Assets | -
6%₹544 Cr
Small Industries Development Bank Of India
Certificate of Deposit | -
4%₹295 Cr3,000,000,000
Mahindra & Mahindra Financial Services Ltd
Commercial Paper | -
3%₹242 Cr2,500,000,000

9. UTI Treasury Advantage Fund

The scheme will endeavour to generate an attractive return for its investors consistent with capital preservation and liquidity by investing in a portfolio of quality debt securities, money market instruments and structured obligations.

UTI Treasury Advantage Fund is a Debt - Low Duration fund was launched on 23 Apr 07. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 15 in Low Duration category.  Return for 2022 was 4.5% , 2021 was 9% and 2020 was 7.3% .

Below is the key information for UTI Treasury Advantage Fund

UTI Treasury Advantage Fund
Growth
Launch Date 23 Apr 07
NAV (28 Mar 23) ₹2,999.74 ↑ 0.38   (0.01 %)
Net Assets (Cr) ₹2,566 on 28 Feb 23
Category Debt - Low Duration
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.43
Sharpe Ratio -1.17
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.35%
Effective Maturity 9 Months
Modified Duration 7 Months 20 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,747
29 Feb 20₹10,301
28 Feb 21₹10,954
28 Feb 22₹11,968
28 Feb 23₹12,551

UTI Treasury Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for UTI Treasury 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 28 Mar 23

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.2%
1 Year 5.1%
3 Year 6.9%
5 Year 4.6%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.5%
2021 9%
2020 7.3%
2019 -4.2%
2018 7.3%
2017 7%
2016 8.9%
2015 8.8%
2014 9.3%
2013 9.6%
Fund Manager information for UTI Treasury Advantage Fund
NameSinceTenure
Anurag Mittal1 Dec 211.25 Yr.

Data below for UTI Treasury Advantage Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash62.61%
Debt37.39%
Debt Sector Allocation
SectorValue
Corporate47.13%
Government26.63%
Cash Equivalent26.24%
Credit Quality
RatingValue
AA16.19%
AAA83.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
5%₹124 Cr1,250
Axis Finance Limited
Debentures | -
5%₹115 Cr1,150
Mahindra Rural Housing Finance Limited
Debentures | -
3%₹78 Cr800
National Bank For Agriculture And Rural Development
Debentures | -
3%₹74 Cr750
Shriram Finance Limited
Debentures | -
2%₹50 Cr500
Power Finance Corporation Ltd.
Debentures | -
2%₹50 Cr5,000
↑ 5,000
National Housing Bank
Debentures | -
2%₹50 Cr5,000
National Housing Bank
Debentures | -
2%₹50 Cr500
182 DTB 31082023
Sovereign Bonds | -
2%₹48 Cr500,000,000
↑ 500,000,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
2%₹40 Cr400,000,000
↑ 400,000,000

10. UTI Gilt Fund

(Erstwhile UTI Gilt Advantage Fund- LTP)

To generate credit risk-free return through investment in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the Central Government and / or a State Government for repayment of principal and interest. However there can be no assurance that the investment objective of the Scheme will be achieved.

UTI Gilt Fund is a Debt - Government Bond fund was launched on 21 Jan 02. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.2% since its launch.  Ranked 7 in Government Bond category.  Return for 2022 was 2.9% , 2021 was 2.3% and 2020 was 10.3% .

Below is the key information for UTI Gilt Fund

UTI Gilt Fund
Growth
Launch Date 21 Jan 02
NAV (28 Mar 23) ₹52.7591 ↓ 0.00   (-0.01 %)
Net Assets (Cr) ₹517 on 28 Feb 23
Category Debt - Government Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio -1.11
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.05%
Effective Maturity 5 Years 3 Months 18 Days
Modified Duration 3 Years 8 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,768
29 Feb 20₹12,334
28 Feb 21₹13,084
28 Feb 22₹13,509
28 Feb 23₹14,030

UTI Gilt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for UTI Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

DurationReturns
1 Month 1%
3 Month 1.5%
6 Month 3.2%
1 Year 5%
3 Year 4.5%
5 Year 6.7%
10 Year
15 Year
Since launch 8.2%
Historical performance (Yearly) on absolute basis
YearReturns
2022 2.9%
2021 2.3%
2020 10.3%
2019 11.8%
2018 6.3%
2017 4.3%
2016 15.5%
2015 6.1%
2014 19.8%
2013 4%
Fund Manager information for UTI Gilt Fund
NameSinceTenure
Sudhir Agarwal1 Dec 211.25 Yr.

Data below for UTI Gilt Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash28.92%
Debt71.08%
Debt Sector Allocation
SectorValue
Government71.08%
Cash Equivalent28.92%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
33%₹176 Cr1,750,000,000
↓ -250,000,000
7.26 8/22/2032 12:00:00 Am
Sovereign Bonds | -
28%₹149 Cr1,500,000,000
↑ 500,000,000
91 DTB 25052023
Sovereign Bonds | -
9%₹49 Cr500,000,000
07.94 HR Sdl 2034
Sovereign Bonds | -
5%₹26 Cr250,000,000
07.64 MP Sgs 2033
Sovereign Bonds | -
5%₹25 Cr250,000,000
182 DTB 23032023
Sovereign Bonds | -
3%₹15 Cr150,000,000
↓ -450,000,000
91 DTB 16032023
Sovereign Bonds | -
2%₹10 Cr100,000,000
↓ -400,000,000
Net Current Assets
Net Current Assets | -
15%₹77 Cr
Clearing Corporation Of India Ltd. Std - Margin
Net Current Assets | -
0%₹1 Cr00

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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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