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Mutual Funds for New Zealand-Based NRI Investing in India
NRIs living in New Zealand can invest in a host of mutual fund schemes as per their investment objectives. Also, one who wants to diversify the investment Portfolio and earn optimal returns over the time, Mutual Funds are a great option to consider.
Non-Resident Indians (NRIs) living in New Zealand can benefit from a growing home Economy by Investing in mutual funds in India. Since, the time there were headlines of India announced as the sixth largest economy in the World, it caught many NRIs investors’ attention.
Traditionally, Non-Resident Indians have been more comfortable investing in Real Estate in India. But, the growing economy of India has broadened the investment choices for them, especially mutual funds.
NRIs most often prefer investing in mutual funds for two main reasons- one is as they can indirectly participate in stocks via equities and the other is they can earn more returns than Bank savings accounts for a short-term by investing in debt funds. Mutual funds are also a great option for portfolio diversification. As MFs invest in multiple securities this diversifies the risk.
Mutual Fund Investment for NRIs Living in New Zealand
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 New Zealand NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, New Zealand 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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Non-Resident Indian (NRI) Mutual Fund Taxation
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) |
Best Mutual Funds for New Zealand NRIs
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) UTI Banking & PSU Debt Fund Growth ₹21.9973
↑ 0.01 ₹800 2.7 4.9 9 7.6 7 7.6 UTI Dynamic Bond Fund Growth ₹31.0322
↑ 0.03 ₹477 2.1 4.5 8.9 7.3 8.5 8.6 Sundaram Rural and Consumption Fund Growth ₹98.4157
↓ -0.08 ₹1,548 10.8 0.4 8.3 22.4 21.3 20.1 L&T India Value Fund Growth ₹112.65
↑ 0.52 ₹13,325 14.5 4.9 5.1 30.4 29.7 25.9 L&T Emerging Businesses Fund Growth ₹83.9765
↑ 0.68 ₹16,061 15.7 -5.2 -1.2 27.1 35.3 28.5 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Sundaram Mid Cap Fund Growth ₹1,393.5
↑ 7.04 ₹12,344 12.8 1 9 30.2 29.2 32 UTI Short Term Income Fund Growth ₹31.8225
↑ 0.02 ₹2,822 2.5 4.7 8.9 7.6 7.1 7.9 UTI Bond Fund Growth ₹73.4655
↑ 0.05 ₹334 1.9 4.4 8.8 7.6 8.2 8.5 L&T Flexi Bond Fund Growth ₹29.6318
↑ 0.02 ₹185 1.5 4.4 8.7 7.4 5.3 8.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Jun 25
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 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 (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 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 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 (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 (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 steady and reasonable income with low risk and high level of liquidity from a portfolio of money market securities and high quality debt. UTI Short Term Income Fund is a Debt - Short term Bond fund was launched on 19 Sep 07. It is a fund with Moderate risk and has given a Below is the key information for UTI Short Term Income Fund Returns up to 1 year are on (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 Below is the key information for UTI Bond Fund Returns up to 1 year are on To generate reasonable returns through a diversified portfolio of fixed income securities. L&T Flexi Bond Fund is a Debt - Dynamic Bond fund was launched on 30 Aug 06. It is a fund with Moderate risk and has given a Below is the key information for L&T Flexi Bond Fund Returns up to 1 year are on 1. UTI Banking & PSU Debt Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 3 in Banking & PSU Debt category. Return for 2024 was 7.6% , 2023 was 6.7% and 2022 was 10.3% . UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (30 Jun 25) ₹21.9973 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹800 on 31 May 25 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.55 Sharpe Ratio 2.2 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.44% Effective Maturity 2 Years 2 Months 23 Days Modified Duration 1 Year 11 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹10,396 30 Jun 22 ₹11,289 30 Jun 23 ₹12,086 30 Jun 24 ₹12,889 Returns for UTI Banking & PSU Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 0.3% 3 Month 2.7% 6 Month 4.9% 1 Year 9% 3 Year 7.6% 5 Year 7% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.6% 2023 6.7% 2022 10.3% 2021 2.8% 2020 8.9% 2019 -1% 2018 6.8% 2017 6.4% 2016 11.7% 2015 8.6% Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 3.5 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 May 25
Asset Allocation
Asset Class Value Cash 3.94% Debt 95.73% Other 0.33% Debt Sector Allocation
Sector Value Corporate 52.65% Government 43.08% Cash Equivalent 3.94% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -12% ₹93 Cr 900,000,000 Axis Bank Limited
Debentures | -7% ₹56 Cr 550 Export Import Bank Of India
Debentures | -6% ₹51 Cr 5,000 Small Industries Development Bank Of India
Debentures | -6% ₹51 Cr 5,000 Power Finance Corporation Limited
Debentures | -5% ₹41 Cr 400 Rural Electrification Corporation Limited
Debentures | -4% ₹36 Cr 3,500 HDFC Bank Limited
Debentures | -4% ₹35 Cr 350 Indian Railway Finance Corporation Limited
Debentures | -4% ₹31 Cr 300 National Bank For Agriculture And Rural Development
Debentures | -4% ₹31 Cr 3,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹26 Cr 250 2. UTI Dynamic Bond Fund
CAGR/Annualized return of 7.8% since its launch. Ranked 3 in Dynamic Bond category. Return for 2024 was 8.6% , 2023 was 6.2% and 2022 was 10.1% . UTI Dynamic Bond Fund
Growth Launch Date 16 Jun 10 NAV (30 Jun 25) ₹31.0322 ↑ 0.03 (0.09 %) Net Assets (Cr) ₹477 on 31 May 25 Category Debt - Dynamic Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.54 Sharpe Ratio 1.52 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.56% Effective Maturity 8 Years 2 Months 5 Days Modified Duration 5 Years 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹10,245 30 Jun 22 ₹12,137 30 Jun 23 ₹12,880 30 Jun 24 ₹13,785 Returns for UTI Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month -0.6% 3 Month 2.1% 6 Month 4.5% 1 Year 8.9% 3 Year 7.3% 5 Year 8.5% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.6% 2023 6.2% 2022 10.1% 2021 10.8% 2020 5.9% 2019 -3.9% 2018 5.2% 2017 4.2% 2016 14.9% 2015 6.9% Fund Manager information for UTI Dynamic Bond Fund
Name Since Tenure Pankaj Pathak 8 Apr 25 0.15 Yr. Data below for UTI Dynamic Bond Fund as on 31 May 25
Asset Allocation
Asset Class Value Cash 5.42% Debt 94.28% Other 0.3% Debt Sector Allocation
Sector Value Government 54.83% Corporate 39.45% Cash Equivalent 5.42% Credit Quality
Rating Value AA 1.18% AAA 98.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.92% Govt Stock 2039
Sovereign Bonds | -19% ₹92 Cr 900,000,000 6.79% Govt Stock 2034
Sovereign Bonds | -11% ₹51 Cr 500,000,000 National Bank For Agriculture And Rural Development
Debentures | -9% ₹41 Cr 4,000 Small Industries Development Bank Of India
Debentures | -9% ₹41 Cr 4,000 Rec Limited
Debentures | -9% ₹41 Cr 4,000 Power Finance Corporation Limited
Debentures | -5% ₹26 Cr 2,500 LIC Housing Finance Ltd
Debentures | -5% ₹25 Cr 2,500
↑ 2,500 Indian Railway Finance Corporation Limited
Debentures | -5% ₹25 Cr 2,500 Bajaj Finance Limited
Debentures | -5% ₹25 Cr 2,500 Ntpc Limited
Debentures | -5% ₹25 Cr 2,500 3. Sundaram Rural and Consumption Fund
CAGR/Annualized return of 12.7% since its launch. Ranked 2 in Sectoral category. Return for 2024 was 20.1% , 2023 was 30.2% and 2022 was 9.3% . Sundaram Rural and Consumption Fund
Growth Launch Date 12 May 06 NAV (30 Jun 25) ₹98.4157 ↓ -0.08 (-0.08 %) Net Assets (Cr) ₹1,548 on 31 May 25 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 0.4 Information Ratio 0.09 Alpha Ratio 3.32 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 30 Jun 20 ₹10,000 30 Jun 21 ₹14,316 30 Jun 22 ₹14,340 30 Jun 23 ₹18,300 30 Jun 24 ₹24,282 Returns for Sundaram Rural and Consumption Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 3.3% 3 Month 10.8% 6 Month 0.4% 1 Year 8.3% 3 Year 22.4% 5 Year 21.3% 10 Year 15 Year Since launch 12.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 20.1% 2023 30.2% 2022 9.3% 2021 19.3% 2020 13.5% 2019 2.7% 2018 -7.8% 2017 38.7% 2016 21.1% 2015 6.3% Fund Manager information for Sundaram Rural and Consumption Fund
Name Since Tenure Ratish Varier 1 Jan 22 3.42 Yr. Data below for Sundaram Rural and Consumption Fund as on 31 May 25
Equity Sector Allocation
Sector Value Consumer Cyclical 41.5% Consumer Defensive 31.88% Communication Services 11.47% Health Care 3.51% Financial Services 3.01% Real Estate 2.21% Basic Materials 1.4% Asset Allocation
Asset Class Value Cash 5.03% Equity 94.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL9% ₹147 Cr 789,519 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC8% ₹125 Cr 2,991,251 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M8% ₹116 Cr 390,720 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR7% ₹103 Cr 440,212 Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN5% ₹76 Cr 212,692
↓ -22,597 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI5% ₹72 Cr 58,511 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | 5433205% ₹72 Cr 3,000,962 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | UNITDSPR4% ₹69 Cr 453,496 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 31 Jul 22 | APOLLOHOSP4% ₹54 Cr 79,027 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5230253% ₹52 Cr 225,560
↓ -20,000 4. L&T India Value Fund
CAGR/Annualized return of 16.9% since its launch. Ranked 4 in Value category. Return for 2024 was 25.9% , 2023 was 39.4% and 2022 was 5.2% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (30 Jun 25) ₹112.65 ↑ 0.52 (0.46 %) Net Assets (Cr) ₹13,325 on 31 May 25 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 0.14 Information Ratio 1.48 Alpha Ratio -1.05 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 30 Jun 20 ₹10,000 30 Jun 21 ₹16,614 30 Jun 22 ₹16,547 30 Jun 23 ₹21,813 30 Jun 24 ₹34,942 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 5.1% 3 Month 14.5% 6 Month 4.9% 1 Year 5.1% 3 Year 30.4% 5 Year 29.7% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 25.9% 2023 39.4% 2022 5.2% 2021 40.3% 2020 14.6% 2019 4.6% 2018 -11.4% 2017 41.3% 2016 8.1% 2015 12.9% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 12.53 Yr. Sonal Gupta 1 Oct 23 1.67 Yr. Data below for L&T India Value Fund as on 31 May 25
Equity Sector Allocation
Sector Value Financial Services 32.26% Basic Materials 14.96% Industrials 10.45% Consumer Cyclical 10.44% Consumer Defensive 8.4% Technology 7.46% Energy 4.36% Real Estate 3.92% Utility 2.38% Communication Services 1.96% Health Care 1.23% Asset Allocation
Asset Class Value Cash 1.61% Equity 98.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK4% ₹593 Cr 3,047,100 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹541 Cr 3,738,600
↓ -643,500 Paradeep Phosphates Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5435303% ₹428 Cr 24,824,061
↓ -5,890,939 Godfrey Phillips India Ltd (Consumer Defensive)
Equity, Since 31 May 24 | GODFRYPHLP3% ₹404 Cr 464,350 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX3% ₹394 Cr 596,611 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE3% ₹394 Cr 2,769,911 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹367 Cr 4,516,900 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹325 Cr 1,092,500 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC2% ₹317 Cr 9,497,371 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹303 Cr 15,016,900
↓ -2,344,200 5. L&T Emerging Businesses Fund
CAGR/Annualized return of 21.1% since its launch. Ranked 2 in Small Cap category. Return for 2024 was 28.5% , 2023 was 46.1% and 2022 was 1% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (30 Jun 25) ₹83.9765 ↑ 0.68 (0.82 %) Net Assets (Cr) ₹16,061 on 31 May 25 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.73 Sharpe Ratio 0.02 Information Ratio -0.39 Alpha Ratio -3.97 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 30 Jun 20 ₹10,000 30 Jun 21 ₹20,185 30 Jun 22 ₹22,103 30 Jun 23 ₹29,592 30 Jun 24 ₹45,892 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 5.1% 3 Month 15.7% 6 Month -5.2% 1 Year -1.2% 3 Year 27.1% 5 Year 35.3% 10 Year 15 Year Since launch 21.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 28.5% 2023 46.1% 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 5.46 Yr. Sonal Gupta 1 Oct 23 1.67 Yr. Data below for L&T Emerging Businesses Fund as on 31 May 25
Equity Sector Allocation
Sector Value Industrials 28.92% Financial Services 16.18% Consumer Cyclical 15.6% Basic Materials 11.06% Technology 8.65% Health Care 7.18% Consumer Defensive 4.31% Real Estate 3.79% Energy 0.9% Asset Allocation
Asset Class Value Cash 3.42% Equity 96.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya Birla Real Estate Ltd (Basic Materials)
Equity, Since 30 Sep 22 | ABREL2% ₹348 Cr 1,595,574 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE2% ₹340 Cr 2,414,100
↑ 129,138 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL2% ₹335 Cr 2,972,250
↓ -545,950 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 24 | NAM-INDIA2% ₹329 Cr 4,446,300 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 29 Feb 24 | MCX2% ₹316 Cr 479,200
↑ 24,050 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Sep 22 | FEDERALBNK2% ₹314 Cr 15,544,000 Jyoti CNC Automation Ltd (Industrials)
Equity, Since 31 Jan 24 | JYOTICNC2% ₹300 Cr 2,317,401 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Jul 24 | PNBHOUSING2% ₹268 Cr 2,566,200 Neuland Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 24 | NEULANDLAB2% ₹266 Cr 231,110
↓ -30,267 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | KARURVYSYA2% ₹264 Cr 11,912,400 6. 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 30 Jun 20 ₹10,000 30 Jun 21 ₹15,708 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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 7. Sundaram Mid Cap Fund
CAGR/Annualized return of 24% since its launch. Ranked 13 in Mid Cap category. Return for 2024 was 32% , 2023 was 40.4% and 2022 was 4.8% . Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (30 Jun 25) ₹1,393.5 ↑ 7.04 (0.51 %) Net Assets (Cr) ₹12,344 on 31 May 25 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.38 Information Ratio 0.1 Alpha Ratio 2.99 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 30 Jun 20 ₹10,000 30 Jun 21 ₹16,403 30 Jun 22 ₹16,325 30 Jun 23 ₹21,303 30 Jun 24 ₹33,059 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 3.7% 3 Month 12.8% 6 Month 1% 1 Year 9% 3 Year 30.2% 5 Year 29.2% 10 Year 15 Year Since launch 24% Historical performance (Yearly) on absolute basis
Year Returns 2024 32% 2023 40.4% 2022 4.8% 2021 37.5% 2020 11.8% 2019 -0.3% 2018 -15.4% 2017 40.8% 2016 11.3% 2015 11.2% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 4.27 Yr. Ratish Varier 24 Feb 21 4.27 Yr. Data below for Sundaram Mid Cap Fund as on 31 May 25
Equity Sector Allocation
Sector Value Consumer Cyclical 18.72% Financial Services 17.21% Industrials 14.53% Basic Materials 10.57% Health Care 10.4% Technology 6.5% Consumer Defensive 4.02% Real Estate 3.74% Communication Services 2.44% Energy 2.05% Utility 1.87% Asset Allocation
Asset Class Value Cash 7.89% Equity 92.11% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | CUMMINSIND3% ₹422 Cr 1,290,127
↑ 20,000 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | COROMANDEL3% ₹396 Cr 1,731,853
↓ -15,329 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹389 Cr 19,247,362 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL3% ₹337 Cr 6,016,821 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | LUPIN2% ₹274 Cr 1,401,952
↑ 51,631 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | FORTIS2% ₹274 Cr 3,879,249 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 22 | PERSISTENT2% ₹273 Cr 484,892 GE Vernova T&D India Ltd (Industrials)
Equity, Since 30 Sep 24 | 5222752% ₹264 Cr 1,179,542 Marico Ltd (Consumer Defensive)
Equity, Since 30 Jun 24 | MARICO2% ₹258 Cr 3,599,583 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Oct 21 | HINDPETRO2% ₹253 Cr 6,144,382
↑ 143,420 8. UTI Short Term Income Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 10 in Short term Bond category. Return for 2024 was 7.9% , 2023 was 6.9% and 2022 was 3.8% . UTI Short Term Income Fund
Growth Launch Date 19 Sep 07 NAV (30 Jun 25) ₹31.8225 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹2,822 on 31 May 25 Category Debt - Short term Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.94 Sharpe Ratio 2.1 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.69% Effective Maturity 3 Years 7 Months 24 Days Modified Duration 2 Years 8 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹10,517 30 Jun 22 ₹11,310 30 Jun 23 ₹12,077 30 Jun 24 ₹12,931 Returns for UTI Short Term Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month 0.2% 3 Month 2.5% 6 Month 4.7% 1 Year 8.9% 3 Year 7.6% 5 Year 7.1% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 6.9% 2022 3.8% 2021 8.4% 2020 10.5% 2019 -3.9% 2018 6% 2017 6.1% 2016 10.1% 2015 8.3% Fund Manager information for UTI Short Term Income Fund
Name Since Tenure Anurag Mittal 8 Apr 25 0.15 Yr. Sudhir Agarwal 25 Oct 12 12.61 Yr. Data below for UTI Short Term Income Fund as on 31 May 25
Asset Allocation
Asset Class Value Cash 7.97% Debt 91.8% Other 0.23% Debt Sector Allocation
Sector Value Corporate 71.94% Government 24.47% Cash Equivalent 3.36% Credit Quality
Rating Value AA 9.97% AAA 90.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Govt Stock 2034
Sovereign Bonds | -10% ₹314 Cr 3,050,000,000 LIC Housing Finance Ltd
Debentures | -6% ₹179 Cr 1,750 National Housing Bank
Debentures | -6% ₹179 Cr 17,500 Small Industries Development Bank Of India
Debentures | -6% ₹179 Cr 17,500 Power Finance Corporation Limited
Debentures | -6% ₹178 Cr 17,500 Axis Bank Ltd.
Debentures | -5% ₹141 Cr 1,500,000,000
↑ 1,500,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹127 Cr 12,500
↓ -5,000 Export Import Bank Of India
Debentures | -4% ₹127 Cr 12,500
↑ 12,500 Mankind Pharma Limited
Debentures | -3% ₹102 Cr 10,000
↑ 2,500 Export-Import Bank of India
Domestic Bonds | -3% ₹94 Cr 1,000,000,000
↑ 1,000,000,000 9. UTI Bond Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 11 in Medium to Long term category. Return for 2024 was 8.5% , 2023 was 6.4% and 2022 was 9.9% . UTI Bond Fund
Growth Launch Date 4 May 98 NAV (30 Jun 25) ₹73.4655 ↑ 0.05 (0.07 %) Net Assets (Cr) ₹334 on 31 May 25 Category Debt - Medium to Long term AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.62 Sharpe Ratio 1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.74% Effective Maturity 9 Years 6 Months 4 Days Modified Duration 6 Years 1 Month 24 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹10,277 30 Jun 22 ₹11,894 30 Jun 23 ₹12,815 30 Jun 24 ₹13,638 Returns for UTI Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month -0.8% 3 Month 1.9% 6 Month 4.4% 1 Year 8.8% 3 Year 7.6% 5 Year 8.2% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.5% 2023 6.4% 2022 9.9% 2021 9.4% 2020 1.1% 2019 -5.8% 2018 4% 2017 3.6% 2016 13.9% 2015 6.3% Fund Manager information for UTI Bond Fund
Name Since Tenure Sunil Patil 17 Apr 23 2.21 Yr. Data below for UTI Bond Fund as on 31 May 25
Asset Allocation
Asset Class Value Cash 3.94% Debt 95.8% Other 0.26% Debt Sector Allocation
Sector Value Government 62.94% Corporate 32.86% Cash Equivalent 3.94% Credit Quality
Rating Value AA 11.1% AAA 88.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.92% Govt Stock 2039
Sovereign Bonds | -37% ₹122 Cr 1,190,000,000 6.79% Govt Stock 2034
Sovereign Bonds | -8% ₹26 Cr 250,000,000 LIC Housing Finance Ltd
Debentures | -8% ₹26 Cr 250 7.08% A P Sgl Mat - 26/03/2037
Sovereign Bonds | -8% ₹25 Cr 250,000,000 Indian Railway Finance Corporation Limited
Debentures | -8% ₹25 Cr 2,500 Hdb Financial Services Limited
Debentures | -8% ₹25 Cr 250 Aditya Birla Renewables Limited
Debentures | -5% ₹15 Cr 1,500 Cholamandalam Investment And Finance Company Limited
Debentures | -5% ₹15 Cr 1,500 INDIA UNIVERSAL TRUST AL1
Unlisted bonds | -4% ₹14 Cr 15 Bajaj Finance Limited
Debentures | -2% ₹7 Cr 700 10. L&T Flexi Bond Fund
CAGR/Annualized return of 5.9% since its launch. Ranked 4 in Dynamic Bond category. Return for 2024 was 8.7% , 2023 was 6.5% and 2022 was 2.6% . L&T Flexi Bond Fund
Growth Launch Date 30 Aug 06 NAV (30 Jun 25) ₹29.6318 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹185 on 31 May 25 Category Debt - Dynamic Bond AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.77 Sharpe Ratio 1.38 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 1,000 Exit Load 0-1 Years (0.5%),1 Years and above(NIL) Yield to Maturity 6.69% Effective Maturity 16 Years 9 Months 14 Days Modified Duration 8 Years 1 Month 17 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹10,283 30 Jun 22 ₹10,475 30 Jun 23 ₹11,101 30 Jun 24 ₹11,936 Returns for L&T Flexi Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jun 25 Duration Returns 1 Month -1.1% 3 Month 1.5% 6 Month 4.4% 1 Year 8.7% 3 Year 7.4% 5 Year 5.3% 10 Year 15 Year Since launch 5.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.7% 2023 6.5% 2022 2.6% 2021 1% 2020 10.8% 2019 9.5% 2018 6.1% 2017 2.9% 2016 14.8% 2015 7.5% Fund Manager information for L&T Flexi Bond Fund
Name Since Tenure Shriram Ramanathan 2 Feb 15 10.41 Yr. Mahesh Chhabria 1 May 24 1.16 Yr. Data below for L&T Flexi Bond Fund as on 31 May 25
Asset Allocation
Asset Class Value Cash 1.21% Debt 98.47% Other 0.32% Debt Sector Allocation
Sector Value Government 74.49% Corporate 23.99% Cash Equivalent 1.21% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -19% ₹34 Cr 3,200,000
↑ 1,000,000 6.33% Government Of India
Sovereign Bonds | -14% ₹27 Cr 2,617,886
↑ 2,617,886 6.92% Govt Stock 2039
Sovereign Bonds | -14% ₹26 Cr 2,450,000 7.09% Govt Stock 2054
Sovereign Bonds | -11% ₹21 Cr 2,000,000
↓ -500,000 National Bank For Agriculture And Rural Development
Debentures | -8% ₹16 Cr 1,500
↑ 1,500 Power Finance Corporation Ltd.
Debentures | -7% ₹13 Cr 1,200
↑ 1,200 Rec Limited
Debentures | -6% ₹11 Cr 110 Bajaj Finance Limited
Debentures | -5% ₹10 Cr 1,000
↑ 1,000 National Housing Bank
Debentures | -5% ₹10 Cr 1,000
↑ 1,000 6.79% Govt Stock 2034
Sovereign Bonds | -4% ₹7 Cr 650,000
↓ -2,350,000
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