Table of Contents
Mutual Fund Houses that allow USA/Canada-based NRIs to Invest in India
NRIs based in the USA and Canada would be able to invest in only some of the Mutual Fund Houses in India. Many AMCs (Asset Management Companies) in India are yet to allow investments from NRIs based in USA or Canada. This is because Foreign Account Tax Compliance Act (FATCA) enacted by the USA. Nevertheless, there are some of the leading AMCs where an NRI can plan to invest the money. Here we will also look at the KYC process for an NRI to invest in Mutual Funds in India, NRE, NRO, FCNR account, along with the Best Performing Mutual Funds to invest for earning good profits.
AMCs Accepting Investment from Canada/USA NRIs
Since the time FATCA have come into place, many AMCs have stopped accepting investments from NRIs based in the US and Canada as it involved a lot of paperwork and compliance on the part of AMCs.
Foreign Account Tax Compliance Act is obligatory for all financial institutions to share the details of transactions involving US citizens, including Non-Resident Indians (NRIs) with the US Government. This is to make sure that there is no tax evasion by US citizens on Income generated overseas. In the year 2015, India signed the Inter-Governmental Agreement (IGA) with The United State of America for implementing FATCA and improving International Tax Compliance.
Under FATCA, all the financial entities like mutual fund houses, Insurance companies, banks are supposed to furnish their client information to the Government of India that will further be shared with the US/Canadian Government.
However, there are some of the mutual fund houses that accept investments from NRIs bases in US/Canada:
Each of these AMC has a different condition to accept investments from US or Canada based NRIs. Some of the fund houses amongst these accept investments only in paper application forms, whereas a few may accept online application through NSE NMFII or BSE STARMF platform, etc.
NRE, NRO, FCNR Accounts for Investments in India
To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian Bank:
NRE Account
This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.
NRO Account
The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).
FCNR Account
This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.
Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.
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KYC Procedure for NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
Best Performing Mutual Funds for US/Canada NRIs
Fund 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. L&T Infrastructure Fund Growth -10 -11.6 20.1 21 23.1 28.1 Sectoral Sundaram Mid Cap Fund Growth -7.5 -1.8 22.5 20.3 21.5 32 Mid Cap L&T Midcap Fund Growth -8.5 -2.5 26.9 20.3 21.6 39.7 Mid Cap UTI Transportation & Logistics Fund Growth -9.3 -11.5 16.7 20.1 20.3 18.7 Sectoral UTI Healthcare Fund Growth -3 12.3 33.3 18.8 25.7 42.9 Sectoral L&T Emerging Businesses Fund Growth -8.1 -4.4 18.7 18.6 27.8 28.5 Small Cap L&T Business Cycles Fund Growth -9 -4.2 25.9 18.6 20 36.3 Sectoral L&T India Value Fund Growth -7.7 -7.1 17.9 18.3 22.1 25.9 Value UTI Core Equity Fund Growth -6.9 -4.6 21.7 17.6 21.3 27.2 Large & Mid Cap UTI Infrastructure Fund Growth -9.8 -11.1 12.6 17.5 18.9 18.5 Sectoral Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 25
*List of funds is based on past 3 Year Returns in decending order.
To generate capital appreciation by investing predominantly in equity and equity related instruments of companies in the infrastructure sector. L&T Infrastructure Fund is a Equity - Sectoral fund was launched on 27 Sep 07. It is a fund with High risk and has given a Below is the key information for L&T Infrastructure 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 Investment Objective is “capital appreciation” through investments in stocks of the companies engaged in the transportation and logistics sector. UTI Transportation & Logistics Fund is a Equity - Sectoral fund was launched on 11 Apr 04. It is a fund with High risk and has given a Below is the key information for UTI Transportation & Logistics Fund Returns up to 1 year are on (Erstwhile UTI Pharma & Healthcare Fund) The Investment objective of the Scheme is capital appreciation through investments in equities and equity related instruments of the Pharma & Healthcare sectors. UTI Healthcare Fund is a Equity - Sectoral fund was launched on 28 Jun 99. It is a fund with High risk and has given a Below is the key information for UTI Healthcare 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 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 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 UTI Top 100 Fund) The fund aims to provide long term capital appreciation/dividend distribution by investing predominantly in equity and equity related instruments of top 100 stocks by market capitalisation. There can be no assurance that the investment objectives of the scheme will be realised. UTI Core Equity Fund is a Equity - Large & Mid Cap fund was launched on 20 May 09. It is a fund with Moderately High risk and has given a Below is the key information for UTI Core Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to provide income distribution and / or medium to long term "capital appreciation" by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy. However, there is no assurance that the investment objective of the scheme will be achieved. UTI Infrastructure Fund is a Equity - Sectoral fund was launched on 7 Apr 04. It is a fund with High risk and has given a Below is the key information for UTI Infrastructure Fund Returns up to 1 year are on 1. L&T Infrastructure Fund
CAGR/Annualized return of 9.2% since its launch. Return for 2024 was 28.1% , 2023 was 50.7% and 2022 was 3.1% . L&T Infrastructure Fund
Growth Launch Date 27 Sep 07 NAV (17 Jan 25) ₹45.7923 ↑ 0.16 (0.36 %) Net Assets (Cr) ₹2,611 on 31 Oct 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.1 Sharpe Ratio 2 Information Ratio 0.7 Alpha Ratio 14.91 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 Dec 19 ₹10,000 31 Dec 20 ₹10,157 31 Dec 21 ₹15,874 31 Dec 22 ₹16,361 31 Dec 23 ₹24,647 31 Dec 24 ₹31,568 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -9.2% 3 Month -10% 6 Month -11.6% 1 Year 20.1% 3 Year 21% 5 Year 23.1% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.1% 2022 50.7% 2021 3.1% 2020 56.3% 2019 1.6% 2018 -3.1% 2017 -17.1% 2016 61.1% 2015 8.6% 2014 6.8% Fund Manager information for L&T Infrastructure Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 5.05 Yr. Gautam Bhupal 26 Nov 22 2.1 Yr. Sonal Gupta 26 Nov 22 2.1 Yr. Data below for L&T Infrastructure Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Industrials 50.59% Basic Materials 13.28% Utility 8.42% Energy 8.27% Communication Services 7.18% Technology 4.06% Real Estate 3.35% Financial Services 2.59% Consumer Cyclical 1.43% Asset Allocation
Asset Class Value Cash 0.82% Equity 99.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325558% ₹220 Cr 5,385,500 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL8% ₹203 Cr 7,130,400 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT8% ₹196 Cr 541,000
↓ -19,008 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL6% ₹168 Cr 1,041,600
↑ 105,100 Aditya Birla Real Estate Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5000404% ₹109 Cr 397,700 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | 5325384% ₹98 Cr 88,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹98 Cr 736,000 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Oct 20 | DIXON3% ₹70 Cr 49,700 Power Finance Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 5328103% ₹68 Cr 1,488,800
↑ 299,400 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB3% ₹67 Cr 90,050 2. Sundaram Mid Cap Fund
CAGR/Annualized return of 24.2% 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 (17 Jan 25) ₹1,292.37 ↓ -4.33 (-0.33 %) Net Assets (Cr) ₹12,425 on 30 Nov 24 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 2.26 Information Ratio 0.34 Alpha Ratio 9.23 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 Dec 19 ₹10,000 31 Dec 20 ₹11,179 31 Dec 21 ₹15,370 31 Dec 22 ₹16,114 31 Dec 23 ₹22,616 31 Dec 24 ₹29,855 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -7.9% 3 Month -7.5% 6 Month -1.8% 1 Year 22.5% 3 Year 20.3% 5 Year 21.5% 10 Year 15 Year Since launch 24.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 32% 2022 40.4% 2021 4.8% 2020 37.5% 2019 11.8% 2018 -0.3% 2017 -15.4% 2016 40.8% 2015 11.3% 2014 11.2% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 3.85 Yr. Ratish Varier 24 Feb 21 3.85 Yr. Data below for Sundaram Mid Cap Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 20.2% Consumer Cyclical 18.5% Industrials 16.59% Health Care 10.3% Basic Materials 8.8% Technology 6.37% Consumer Defensive 3.78% Real Estate 3.08% Communication Services 2.97% Utility 2% Energy 1.49% Asset Allocation
Asset Class Value Cash 5.92% Equity 94.07% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL4% ₹441 Cr 6,091,162
↓ -953,810 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | CUMMINSIND3% ₹428 Cr 1,229,218
↑ 52,058 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹422 Cr 20,011,397 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | TRENT3% ₹352 Cr 517,776 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | COROMANDEL3% ₹313 Cr 1,747,182 Sundaram Liquid Dir Gr
Investment Fund | -2% ₹302 Cr 1,350,009
↑ 1,118,645 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | FORTIS2% ₹300 Cr 4,543,631 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 22 | PERSISTENT2% ₹286 Cr 484,892 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | LUPIN2% ₹285 Cr 1,388,200 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY2% ₹279 Cr 1,389,543 3. L&T Midcap Fund
CAGR/Annualized return of 19.4% since its launch. Ranked 5 in Mid Cap category. Return for 2024 was 39.7% , 2023 was 40% and 2022 was 1.1% . L&T Midcap Fund
Growth Launch Date 9 Aug 04 NAV (17 Jan 25) ₹372.539 ↑ 0.07 (0.02 %) Net Assets (Cr) ₹11,912 on 30 Nov 24 Category Equity - Mid Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk High Expense Ratio 1.77 Sharpe Ratio 2.6 Information Ratio 0.14 Alpha Ratio 12.22 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 Dec 19 ₹10,000 31 Dec 20 ₹11,905 31 Dec 21 ₹15,523 31 Dec 22 ₹15,689 31 Dec 23 ₹21,966 31 Dec 24 ₹30,693 Returns for L&T Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -11.8% 3 Month -8.5% 6 Month -2.5% 1 Year 26.9% 3 Year 20.3% 5 Year 21.6% 10 Year 15 Year Since launch 19.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 39.7% 2022 40% 2021 1.1% 2020 30.4% 2019 19% 2018 -0.2% 2017 -12% 2016 52.3% 2015 9.8% 2014 10.8% Fund Manager information for L&T Midcap Fund
Name Since Tenure Venugopal Manghat 1 Oct 23 1.25 Yr. Cheenu Gupta 26 Nov 22 2.1 Yr. Sonal Gupta 1 Oct 23 1.25 Yr. Data below for L&T Midcap Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Industrials 33.1% Financial Services 18.31% Consumer Cyclical 12.49% Technology 11.5% Real Estate 6.6% Health Care 6.49% Utility 4.94% Consumer Defensive 2.13% Basic Materials 1.6% Communication Services 0.05% Asset Allocation
Asset Class Value Cash 1.67% Equity 98.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity Suzlon Energy Ltd (Industrials)
Equity, Since 31 Mar 24 | SUZLON5% ₹569 Cr 90,407,100 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 May 24 | CGPOWER5% ₹552 Cr 7,543,500
↑ 321,500 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 24 | DIXON4% ₹482 Cr 304,800 PB Fintech Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5433904% ₹445 Cr 2,351,700 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | TRENT4% ₹431 Cr 634,900 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 5433204% ₹423 Cr 15,135,559
↑ 459,759 JSW Energy Ltd (Utilities)
Equity, Since 31 Mar 24 | JSWENERGY3% ₹412 Cr 6,288,700 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCAMC3% ₹405 Cr 964,400 Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | CUMMINSIND3% ₹338 Cr 970,100 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH3% ₹328 Cr 3,343,000
↑ 472,900 4. UTI Transportation & Logistics Fund
CAGR/Annualized return of 16.6% since its launch. Ranked 19 in Sectoral category. Return for 2024 was 18.7% , 2023 was 40.1% and 2022 was 14.7% . UTI Transportation & Logistics Fund
Growth Launch Date 11 Apr 04 NAV (17 Jan 25) ₹243.333 ↓ -0.40 (-0.16 %) Net Assets (Cr) ₹3,472 on 30 Nov 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2 Sharpe Ratio 1.19 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹11,102 31 Dec 21 ₹13,804 31 Dec 22 ₹15,832 31 Dec 23 ₹22,173 31 Dec 24 ₹26,317 Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -3.8% 3 Month -9.3% 6 Month -11.5% 1 Year 16.7% 3 Year 20.1% 5 Year 20.3% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 18.7% 2022 40.1% 2021 14.7% 2020 24.3% 2019 11% 2018 -8.7% 2017 -19.5% 2016 39.6% 2015 4.8% 2014 5.7% Fund Manager information for UTI Transportation & Logistics Fund
Name Since Tenure Sachin Trivedi 22 Sep 16 8.28 Yr. Data below for UTI Transportation & Logistics Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Consumer Cyclical 79.83% Industrials 16.66% Asset Allocation
Asset Class Value Cash 3.36% Equity 96.49% Debt 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M15% ₹522 Cr 1,761,429 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI9% ₹330 Cr 297,670
↑ 3,050 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT8% ₹289 Cr 597,808
↓ -12,394 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS7% ₹246 Cr 3,129,331 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | BAJAJ-AUTO6% ₹211 Cr 233,238
↓ -25,570 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO5% ₹175 Cr 399,357 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO5% ₹172 Cr 360,404
↓ -31,888 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS4% ₹151 Cr 1,267,853 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433204% ₹140 Cr 5,011,710
↑ 1,583,399 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | TVSMOTOR3% ₹102 Cr 420,372 5. UTI Healthcare Fund
CAGR/Annualized return of 15.2% since its launch. Ranked 40 in Sectoral category. Return for 2024 was 42.9% , 2023 was 38.2% and 2022 was -12.3% . UTI Healthcare Fund
Growth Launch Date 28 Jun 99 NAV (17 Jan 25) ₹278.612 ↓ -0.08 (-0.03 %) Net Assets (Cr) ₹1,203 on 30 Nov 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆ Risk High Expense Ratio 2.38 Sharpe Ratio 2.43 Information Ratio 0.1 Alpha Ratio 0.54 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 Dec 19 ₹10,000 31 Dec 20 ₹16,736 31 Dec 21 ₹19,930 31 Dec 22 ₹17,475 31 Dec 23 ₹24,150 31 Dec 24 ₹34,500 Returns for UTI Healthcare Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -2.6% 3 Month -3% 6 Month 12.3% 1 Year 33.3% 3 Year 18.8% 5 Year 25.7% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 42.9% 2022 38.2% 2021 -12.3% 2020 19.1% 2019 67.4% 2018 1.2% 2017 -7.5% 2016 6.2% 2015 -9.7% 2014 12.4% Fund Manager information for UTI Healthcare Fund
Name Since Tenure Kamal Gada 2 May 22 2.67 Yr. Data below for UTI Healthcare Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Health Care 96.03% Basic Materials 1.27% Financial Services 0.29% Asset Allocation
Asset Class Value Cash 2.41% Equity 97.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Oct 06 | SUNPHARMA11% ₹129 Cr 725,000 Cipla Ltd (Healthcare)
Equity, Since 31 Jan 03 | CIPLA6% ₹69 Cr 450,660 Ajanta Pharma Ltd (Healthcare)
Equity, Since 31 Jul 17 | AJANTPHARM5% ₹58 Cr 193,047
↓ -15,318 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 28 Feb 18 | DRREDDY5% ₹57 Cr 470,234
↑ 34,734 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 24 | GLENMARK4% ₹47 Cr 309,311
↑ 58,980 Gland Pharma Ltd (Healthcare)
Equity, Since 30 Nov 20 | GLAND4% ₹46 Cr 266,306 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Apr 21 | APOLLOHOSP3% ₹41 Cr 60,000 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 20 | FORTIS3% ₹40 Cr 611,658
↓ -22,787 Procter & Gamble Health Ltd (Healthcare)
Equity, Since 31 Dec 20 | PGHL3% ₹38 Cr 74,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹38 Cr 61,480 6. L&T Emerging Businesses Fund
CAGR/Annualized return of 21.9% 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 (17 Jan 25) ₹82.8352 ↓ -0.32 (-0.39 %) Net Assets (Cr) ₹16,920 on 31 Oct 24 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.73 Sharpe Ratio 1.51 Information Ratio 0.26 Alpha Ratio 2.49 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 Dec 19 ₹10,000 31 Dec 20 ₹11,546 31 Dec 21 ₹20,483 31 Dec 22 ₹20,690 31 Dec 23 ₹30,219 31 Dec 24 ₹38,833 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -9.3% 3 Month -8.1% 6 Month -4.4% 1 Year 18.7% 3 Year 18.6% 5 Year 27.8% 10 Year 15 Year Since launch 21.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.5% 2022 46.1% 2021 1% 2020 77.4% 2019 15.5% 2018 -8.1% 2017 -13.7% 2016 66.5% 2015 10.2% 2014 12.3% Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 5.05 Yr. Cheenu Gupta 1 Oct 23 1.25 Yr. Sonal Gupta 1 Oct 23 1.25 Yr. Data below for L&T Emerging Businesses Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Industrials 31.33% Consumer Cyclical 15.35% Financial Services 14.41% Basic Materials 12.12% Technology 8.54% Real Estate 5.16% Health Care 3.86% Consumer Defensive 3.52% Energy 1.51% Asset Allocation
Asset Class Value Cash 1.78% Equity 98.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹458 Cr 455,400
↓ -50,000 Aditya Birla Real Estate Ltd (Basic Materials)
Equity, Since 30 Sep 22 | 5000403% ₹441 Cr 1,607,279 Neuland Laboratories Limited
Equity, Since 31 Jan 24 | -2% ₹410 Cr 281,022 Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 31 Aug 22 | 5052832% ₹406 Cr 2,444,924
↑ 127,474 BSE Ltd (Financial Services)
Equity, Since 29 Feb 24 | BSE2% ₹395 Cr 884,500
↑ 108,253 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE2% ₹387 Cr 2,473,042 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | 5002512% ₹383 Cr 537,550
↓ -42,850 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329292% ₹341 Cr 2,891,084 NCC Ltd (Industrials)
Equity, Since 28 Feb 21 | NCC2% ₹337 Cr 11,291,100 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Jul 20 | DIXON2% ₹335 Cr 238,273 7. L&T Business Cycles Fund
CAGR/Annualized return of 14.4% since its launch. Ranked 19 in Sectoral category. Return for 2024 was 36.3% , 2023 was 31.3% and 2022 was 5.3% . L&T Business Cycles Fund
Growth Launch Date 20 Aug 14 NAV (17 Jan 25) ₹40.5419 ↓ -0.15 (-0.38 %) Net Assets (Cr) ₹1,016 on 30 Nov 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.69 Information Ratio 1.33 Alpha Ratio 18.19 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 Dec 19 ₹10,000 31 Dec 20 ₹10,932 31 Dec 21 ₹14,705 31 Dec 22 ₹15,489 31 Dec 23 ₹20,340 31 Dec 24 ₹27,726 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -9.6% 3 Month -9% 6 Month -4.2% 1 Year 25.9% 3 Year 18.6% 5 Year 20% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 36.3% 2022 31.3% 2021 5.3% 2020 34.5% 2019 9.3% 2018 5.3% 2017 -17.5% 2016 45.6% 2015 3.2% 2014 3.5% Fund Manager information for L&T Business Cycles Fund
Name Since Tenure Venugopal Manghat 20 Aug 14 10.38 Yr. Gautam Bhupal 1 Jun 23 1.59 Yr. Sonal Gupta 1 Jun 23 1.59 Yr. Data below for L&T Business Cycles Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Industrials 28.63% Financial Services 27.57% Consumer Cyclical 16.67% Basic Materials 13.21% Energy 6.27% Real Estate 1.65% Technology 1.23% Asset Allocation
Asset Class Value Cash 3.42% Equity 96.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | TRENT7% ₹68 Cr 100,680 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX6% ₹58 Cr 94,300 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK5% ₹55 Cr 425,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹38 Cr 290,400
↑ 19,200 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK3% ₹35 Cr 193,300 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BEL3% ₹31 Cr 1,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT3% ₹30 Cr 81,830 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 24 | PFC3% ₹30 Cr 603,200
↑ 100,000 Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 30 Jun 23 | 5052833% ₹28 Cr 160,733 PB Fintech Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5433903% ₹28 Cr 149,200 8. L&T India Value Fund
CAGR/Annualized return of 16.7% 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 (17 Jan 25) ₹101.999 ↓ -0.55 (-0.53 %) Net Assets (Cr) ₹13,675 on 30 Nov 24 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 2.11 Information Ratio 1.66 Alpha Ratio 9.32 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 Dec 19 ₹10,000 31 Dec 20 ₹11,461 31 Dec 21 ₹16,083 31 Dec 22 ₹16,925 31 Dec 23 ₹23,586 31 Dec 24 ₹29,699 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -8.5% 3 Month -7.7% 6 Month -7.1% 1 Year 17.9% 3 Year 18.3% 5 Year 22.1% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.9% 2022 39.4% 2021 5.2% 2020 40.3% 2019 14.6% 2018 4.6% 2017 -11.4% 2016 41.3% 2015 8.1% 2014 12.9% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 12.11 Yr. Gautam Bhupal 1 Oct 23 1.25 Yr. Sonal Gupta 1 Oct 23 1.25 Yr. Data below for L&T India Value Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 29.34% Basic Materials 15.4% Industrials 13.58% Technology 11.72% Consumer Cyclical 7.74% Consumer Defensive 6.33% Real Estate 4.63% Utility 3.46% Energy 3.4% Communication Services 2% Health Care 1.73% Asset Allocation
Asset Class Value Cash 0.68% Equity 99.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹570 Cr 4,382,100 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX4% ₹494 Cr 798,650 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK4% ₹483 Cr 2,691,300
↑ 1,163,800 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹473 Cr 13,014,200 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | KEC3% ₹410 Cr 3,887,970 Tech Mahindra Ltd (Technology)
Equity, Since 30 Nov 21 | TECHM3% ₹391 Cr 2,284,900 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹339 Cr 16,063,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE2% ₹326 Cr 2,522,806
↑ 526,406 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | KARURVYSYA2% ₹311 Cr 13,164,300 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹309 Cr 3,682,400 9. UTI Core Equity Fund
CAGR/Annualized return of 14% since its launch. Ranked 29 in Large & Mid Cap category. Return for 2024 was 27.2% , 2023 was 34.4% and 2022 was 4.6% . UTI Core Equity Fund
Growth Launch Date 20 May 09 NAV (17 Jan 25) ₹168.325 ↓ -0.57 (-0.34 %) Net Assets (Cr) ₹4,048 on 30 Nov 24 Category Equity - Large & Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 2.01 Information Ratio 0.76 Alpha Ratio 7.15 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 Dec 19 ₹10,000 31 Dec 20 ₹11,280 31 Dec 21 ₹15,878 31 Dec 22 ₹16,605 31 Dec 23 ₹22,322 31 Dec 24 ₹28,394 Returns for UTI Core Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -6.4% 3 Month -6.9% 6 Month -4.6% 1 Year 21.7% 3 Year 17.6% 5 Year 21.3% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2023 27.2% 2022 34.4% 2021 4.6% 2020 40.8% 2019 12.8% 2018 1.5% 2017 -7.9% 2016 35.2% 2015 3.4% 2014 0.5% Fund Manager information for UTI Core Equity Fund
Name Since Tenure V Srivatsa 17 May 17 7.63 Yr. Data below for UTI Core Equity Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 30.26% Consumer Cyclical 11.89% Technology 10.37% Basic Materials 10.35% Health Care 8.59% Communication Services 5.82% Consumer Defensive 5.37% Industrials 4.88% Utility 3.66% Real Estate 1.69% Energy 1.31% Asset Allocation
Asset Class Value Cash 5.82% Equity 94.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFCBANK8% ₹311 Cr 1,729,604
↑ 14,523 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 06 | ICICIBANK5% ₹192 Cr 1,478,590
↑ 11,783 ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 08 | ITC4% ₹147 Cr 3,090,229
↑ 44,962 Infosys Ltd (Technology)
Equity, Since 28 Feb 06 | INFY3% ₹138 Cr 740,929
↑ 9,632 Vedanta Ltd (Basic Materials)
Equity, Since 30 Apr 24 | 5002953% ₹102 Cr 2,259,525
↑ 94,108 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | FEDERALBNK2% ₹96 Cr 4,576,814 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 30 Jun 21 | DALBHARAT2% ₹90 Cr 494,141
↑ 11,220 Aditya Birla Capital Ltd (Financial Services)
Equity, Since 31 Aug 22 | ABCAPITAL2% ₹88 Cr 4,540,632
↑ 409,799 Indus Towers Ltd Ordinary Shares (Communication Services)
Equity, Since 29 Feb 24 | 5348162% ₹87 Cr 2,486,972
↑ 62,333 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Apr 20 | MFSL2% ₹84 Cr 739,232
↓ -77,194 10. UTI Infrastructure Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 28 in Sectoral category. Return for 2024 was 18.5% , 2023 was 38.2% and 2022 was 8.8% . UTI Infrastructure Fund
Growth Launch Date 7 Apr 04 NAV (17 Jan 25) ₹133.193 ↑ 0.44 (0.33 %) Net Assets (Cr) ₹2,252 on 30 Nov 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.25 Sharpe Ratio 1.52 Information Ratio 0.08 Alpha Ratio 2.32 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 Dec 19 ₹10,000 31 Dec 20 ₹10,344 31 Dec 21 ₹14,415 31 Dec 22 ₹15,685 31 Dec 23 ₹21,676 31 Dec 24 ₹25,695 Returns for UTI Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -6.1% 3 Month -9.8% 6 Month -11.1% 1 Year 12.6% 3 Year 17.5% 5 Year 18.9% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 18.5% 2022 38.2% 2021 8.8% 2020 39.4% 2019 3.4% 2018 6.7% 2017 -15.6% 2016 41.4% 2015 4% 2014 -5.5% Fund Manager information for UTI Infrastructure Fund
Name Since Tenure Sachin Trivedi 1 Sep 21 3.34 Yr. Data below for UTI Infrastructure Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Industrials 41.16% Communication Services 12.84% Utility 10.91% Energy 10.43% Basic Materials 7.21% Financial Services 6.3% Real Estate 3.92% Consumer Cyclical 3.73% Technology 0.05% Asset Allocation
Asset Class Value Cash 3.45% Equity 96.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL12% ₹273 Cr 1,677,632 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 05 | LT10% ₹236 Cr 632,396 NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | NTPC7% ₹152 Cr 4,178,944 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 12 | ULTRACEMCO5% ₹114 Cr 101,500
↑ 5,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 22 | RELIANCE5% ₹107 Cr 831,450 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Nov 22 | INDIGO3% ₹79 Cr 179,999 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Sep 23 | ONGC3% ₹74 Cr 2,886,087 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 11 | AXISBANK3% ₹66 Cr 581,655 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS3% ₹59 Cr 491,713 Siemens Ltd (Industrials)
Equity, Since 31 Mar 12 | SIEMENS2% ₹55 Cr 73,390
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