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 -10.4 -16.7 8.1 23.2 33 28.1 Sectoral UTI Transportation & Logistics Fund Growth -7.8 -21.3 -1.5 22.7 31.5 18.7 Sectoral UTI Infrastructure Fund Growth -3.9 -14 4.6 21.7 29.1 18.5 Sectoral Sundaram Mid Cap Fund Growth -10 -13.8 12.4 21.7 30.2 32 Mid Cap L&T Business Cycles Fund Growth -10 -13.1 13.5 20.6 29 36.3 Sectoral Sundaram Infrastructure Advantage Fund Growth -8 -14.4 4.9 20.6 32 23.8 Sectoral L&T India Value Fund Growth -8.7 -13.3 7.5 20.2 31.6 25.9 Value UTI Core Equity Fund Growth -6.8 -12.8 12.3 19.9 31.2 27.2 Large & Mid Cap UTI Healthcare Fund Growth -7.9 -7.6 20.1 19.8 28.5 42.9 Sectoral L&T Midcap Fund Growth -16.5 -16.9 7.9 19.3 28.3 39.7 Mid Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Mar 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 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 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 (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 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 consistent long-term returns by
investing predominantly in
equity/equity-related instruments of
companies engaged either directly or
indirectly in infrastructure- and infrastructure
related activities or expected to benefit from
the growth and development of infrastructure Sundaram Infrastructure Advantage Fund is a Equity - Sectoral fund was launched on 29 Sep 05. It is a fund with High risk and has given a Below is the key information for Sundaram Infrastructure Advantage 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 (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 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 1. L&T Infrastructure Fund
CAGR/Annualized return of 8.7% 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 (28 Mar 25) ₹43.2671 ↓ -0.11 (-0.26 %) Net Assets (Cr) ₹1,999 on 28 Feb 25 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating Risk High Expense Ratio 2.1 Sharpe Ratio -0.28 Information Ratio 0.09 Alpha Ratio 5.94 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,218 28 Feb 22 ₹15,693 28 Feb 23 ₹17,118 29 Feb 24 ₹26,926 28 Feb 25 ₹26,344 Returns for L&T Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 12.1% 3 Month -10.4% 6 Month -16.7% 1 Year 8.1% 3 Year 23.2% 5 Year 33% 10 Year 15 Year Since launch 8.7% 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 5.21 Yr. Gautam Bhupal 26 Nov 22 2.26 Yr. Sonal Gupta 26 Nov 22 2.26 Yr. Data below for L&T Infrastructure Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Industrials 48.78% Basic Materials 11.8% Energy 9.02% Communication Services 8.19% Utility 7.78% Financial Services 4.34% Technology 3.77% Real Estate 2.75% Consumer Cyclical 1.75% Asset Allocation
Asset Class Value Cash 1.82% Equity 98.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325558% ₹179 Cr 5,535,500
↑ 150,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL7% ₹169 Cr 1,041,600 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 15 | BEL7% ₹165 Cr 5,654,400 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT7% ₹165 Cr 462,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE5% ₹123 Cr 972,800
↑ 90,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | 5325384% ₹102 Cr 88,900 Aditya Birla Real Estate Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5000403% ₹68 Cr 315,600 Power Finance Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 5328103% ₹63 Cr 1,488,800 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Oct 20 | DIXON3% ₹59 Cr 39,310
↓ -3,420 ABB India Ltd (Industrials)
Equity, Since 30 Jun 19 | ABB2% ₹53 Cr 90,050 2. UTI Transportation & Logistics Fund
CAGR/Annualized return of 16.1% 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 (28 Mar 25) ₹230.413 ↓ -2.21 (-0.95 %) Net Assets (Cr) ₹3,043 on 28 Feb 25 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2 Sharpe Ratio -0.38 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 29 Feb 20 ₹10,000 28 Feb 21 ₹14,546 28 Feb 22 ₹15,871 28 Feb 23 ₹17,926 29 Feb 24 ₹27,887 28 Feb 25 ₹27,214 Returns for UTI Transportation & Logistics Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 4.5% 3 Month -7.8% 6 Month -21.3% 1 Year -1.5% 3 Year 22.7% 5 Year 31.5% 10 Year 15 Year Since launch 16.1% 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 8.44 Yr. Data below for UTI Transportation & Logistics Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Consumer Cyclical 79.65% Industrials 15.54% Asset Allocation
Asset Class Value Cash 4.66% Equity 95.19% Debt 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M15% ₹510 Cr 1,704,697 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI10% ₹336 Cr 272,796
↓ -24,874 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT9% ₹311 Cr 597,808 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS7% ₹224 Cr 3,129,331 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5329776% ₹199 Cr 225,238
↓ -8,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO5% ₹173 Cr 399,357 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO5% ₹165 Cr 380,404
↑ 20,000 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS4% ₹139 Cr 1,267,853 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433204% ₹124 Cr 5,641,416
↑ 215,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | 5323433% ₹96 Cr 390,372 3. UTI Infrastructure Fund
CAGR/Annualized return of 13.6% 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 (28 Mar 25) ₹132.317 ↓ -0.23 (-0.18 %) Net Assets (Cr) ₹1,921 on 28 Feb 25 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.25 Sharpe Ratio -0.47 Information Ratio -0.08 Alpha Ratio 2.84 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,559 28 Feb 22 ₹14,413 28 Feb 23 ₹15,728 29 Feb 24 ₹23,868 28 Feb 25 ₹23,360 Returns for UTI Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 9.4% 3 Month -3.9% 6 Month -14% 1 Year 4.6% 3 Year 21.7% 5 Year 29.1% 10 Year 15 Year Since launch 13.6% 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 3.5 Yr. Data below for UTI Infrastructure Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Industrials 39.52% Communication Services 13.67% Energy 11.29% Utility 10.82% Basic Materials 7.69% Financial Services 6.34% Real Estate 3.64% Consumer Cyclical 3.53% Asset Allocation
Asset Class Value Cash 3.51% Equity 96.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL13% ₹273 Cr 1,677,632 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 05 | LT11% ₹226 Cr 632,396 NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | 5325557% ₹138 Cr 4,260,012
↑ 81,068 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 12 | 5325386% ₹117 Cr 101,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 22 | RELIANCE5% ₹111 Cr 874,658
↑ 43,208 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Nov 22 | INDIGO4% ₹78 Cr 179,999 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Sep 23 | 5003124% ₹76 Cr 2,886,087 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 11 | 5322153% ₹57 Cr 581,655 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS3% ₹54 Cr 491,713 J Kumar Infraprojects Ltd (Industrials)
Equity, Since 31 Oct 15 | JKIL2% ₹50 Cr 675,092 4. Sundaram Mid Cap Fund
CAGR/Annualized return of 23.7% 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 (28 Mar 25) ₹1,235.09 ↓ -5.26 (-0.42 %) Net Assets (Cr) ₹10,451 on 28 Feb 25 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio -0.05 Information Ratio -0.12 Alpha Ratio 4.15 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,188 28 Feb 22 ₹14,328 28 Feb 23 ₹15,254 29 Feb 24 ₹23,173 28 Feb 25 ₹24,152 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 8.4% 3 Month -10% 6 Month -13.8% 1 Year 12.4% 3 Year 21.7% 5 Year 30.2% 10 Year 15 Year Since launch 23.7% 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 4.02 Yr. Ratish Varier 24 Feb 21 4.02 Yr. Data below for Sundaram Mid Cap Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 19.52% Consumer Cyclical 18.4% Industrials 15.29% Health Care 11.03% Basic Materials 9.99% Technology 6.45% Real Estate 3.43% Consumer Defensive 3.4% Communication Services 3.32% Utility 2.1% Energy 1.7% Asset Allocation
Asset Class Value Cash 5.37% Equity 94.63% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹368 Cr 1,261,598
↑ 27,698 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹360 Cr 19,247,362 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | 5063953% ₹316 Cr 1,747,182 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL3% ₹303 Cr 6,016,821 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 22 | PERSISTENT3% ₹293 Cr 484,892 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | 5002572% ₹281 Cr 1,350,321
↓ -37,879 Indian Bank (Financial Services)
Equity, Since 31 Jul 23 | 5328142% ₹272 Cr 4,897,146
↑ 338,790 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY2% ₹252 Cr 1,389,543 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002512% ₹250 Cr 434,230
↓ -66,178 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹248 Cr 3,879,249
↓ -98,100 5. L&T Business Cycles Fund
CAGR/Annualized return of 13.7% 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 (28 Mar 25) ₹38.9156 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹855 on 28 Feb 25 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio -0.21 Information Ratio 0.54 Alpha Ratio 2.8 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,228 28 Feb 22 ₹14,178 28 Feb 23 ₹15,244 29 Feb 24 ₹22,387 28 Feb 25 ₹22,507 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 12% 3 Month -10% 6 Month -13.1% 1 Year 13.5% 3 Year 20.6% 5 Year 29% 10 Year 15 Year Since launch 13.7% 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 10.54 Yr. Gautam Bhupal 1 Jun 23 1.75 Yr. Sonal Gupta 1 Jun 23 1.75 Yr. Data below for L&T Business Cycles Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 29.12% Industrials 28.03% Consumer Cyclical 16.85% Basic Materials 12.59% Energy 6.42% Technology 1.43% Real Estate 1.22% Asset Allocation
Asset Class Value Cash 3.21% Equity 96.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 5002516% ₹55 Cr 95,680 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX6% ₹54 Cr 94,300 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK6% ₹53 Cr 425,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE5% ₹46 Cr 365,400
↑ 75,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK3% ₹33 Cr 193,300 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BEL3% ₹29 Cr 1,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT3% ₹29 Cr 81,830 PB Fintech Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5433903% ₹26 Cr 149,200 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5328103% ₹25 Cr 603,200 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT2% ₹24 Cr 274,908 6. Sundaram Infrastructure Advantage Fund
CAGR/Annualized return of 11.7% since its launch. Return for 2024 was 23.8% , 2023 was 41.7% and 2022 was 2.1% . Sundaram Infrastructure Advantage Fund
Growth Launch Date 29 Sep 05 NAV (28 Mar 25) ₹85.7438 ↓ -0.22 (-0.26 %) Net Assets (Cr) ₹804 on 28 Feb 25 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating Risk High Expense Ratio 2.48 Sharpe Ratio -0.49 Information Ratio -0.12 Alpha Ratio 1.68 Min Investment 100,000 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,743 28 Feb 22 ₹15,620 28 Feb 23 ₹16,758 29 Feb 24 ₹25,993 28 Feb 25 ₹25,060 Returns for Sundaram Infrastructure Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 10.9% 3 Month -8% 6 Month -14.4% 1 Year 4.9% 3 Year 20.6% 5 Year 32% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.8% 2022 41.7% 2021 2.1% 2020 49.5% 2019 10.4% 2018 2.2% 2017 -21.9% 2016 55.5% 2015 -0.5% 2014 4.8% Fund Manager information for Sundaram Infrastructure Advantage Fund
Name Since Tenure Ratish Varier 23 Jul 20 4.61 Yr. Ashish Aggarwal 1 Jan 22 3.16 Yr. Data below for Sundaram Infrastructure Advantage Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Industrials 40.48% Energy 10.9% Utility 10.5% Communication Services 10.2% Basic Materials 8.58% Consumer Cyclical 4.92% Financial Services 4.53% Real Estate 2.74% Technology 1.36% Asset Allocation
Asset Class Value Cash 5.78% Equity 94.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 09 | LT8% ₹73 Cr 205,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE8% ₹70 Cr 550,000
↑ 95,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL7% ₹68 Cr 417,000 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325555% ₹43 Cr 1,340,000
↓ -30,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | 5325384% ₹37 Cr 32,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Mar 22 | 5328982% ₹23 Cr 750,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 22 | BEL2% ₹19 Cr 650,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK2% ₹18 Cr 145,000
↑ 7,000 GE Vernova T&D India Ltd (Industrials)
Equity, Since 30 Sep 24 | 5222752% ₹17 Cr 94,000 Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Aug 24 | AMBER2% ₹16 Cr 25,000
↓ -3,500 7. L&T India Value Fund
CAGR/Annualized return of 16.2% 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 (28 Mar 25) ₹98.3974 ↓ -0.09 (-0.09 %) Net Assets (Cr) ₹11,580 on 28 Feb 25 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio -0.38 Information Ratio 1.01 Alpha Ratio -0.26 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 29 Feb 20 ₹10,000 28 Feb 21 ₹13,003 28 Feb 22 ₹16,060 28 Feb 23 ₹17,273 29 Feb 24 ₹26,667 28 Feb 25 ₹26,346 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 8.2% 3 Month -8.7% 6 Month -13.3% 1 Year 7.5% 3 Year 20.2% 5 Year 31.6% 10 Year 15 Year Since launch 16.2% 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 12.27 Yr. Gautam Bhupal 1 Oct 23 1.41 Yr. Sonal Gupta 1 Oct 23 1.41 Yr. Data below for L&T India Value Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 29.68% Basic Materials 15.28% Technology 12.9% Industrials 12.63% Consumer Cyclical 8.42% Consumer Defensive 6.39% Real Estate 4.25% Energy 3.01% Communication Services 2.24% Utility 1.91% Health Care 1.8% Asset Allocation
Asset Class Value Cash 1.47% Equity 98.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹549 Cr 4,382,100 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX4% ₹458 Cr 798,650 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK4% ₹457 Cr 2,691,300 Tech Mahindra Ltd (Technology)
Equity, Since 30 Nov 21 | 5327553% ₹383 Cr 2,284,900 Wipro Ltd (Technology)
Equity, Since 31 Jan 24 | 5076853% ₹338 Cr 10,851,100
↑ 1,144,300 Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY2% ₹320 Cr 1,702,400 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE2% ₹319 Cr 2,522,806 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | 5900032% ₹314 Cr 13,164,300 Paradeep Phosphates Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5435302% ₹303 Cr 26,832,297 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹301 Cr 16,063,900 8. UTI Core Equity Fund
CAGR/Annualized return of 13.6% 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 (28 Mar 25) ₹163.886 ↓ -0.86 (-0.52 %) Net Assets (Cr) ₹3,789 on 28 Feb 25 Category Equity - Large & Mid Cap AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.1 Information Ratio 0.93 Alpha Ratio 6.74 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 29 Feb 20 ₹10,000 28 Feb 21 ₹13,632 28 Feb 22 ₹16,180 28 Feb 23 ₹17,287 29 Feb 24 ₹25,040 28 Feb 25 ₹26,885 Returns for UTI Core Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 6.2% 3 Month -6.8% 6 Month -12.8% 1 Year 12.3% 3 Year 19.9% 5 Year 31.2% 10 Year 15 Year Since launch 13.6% 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 7.79 Yr. Data below for UTI Core Equity Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 31.19% Consumer Cyclical 11.8% Basic Materials 11.11% Technology 9.2% Health Care 7.25% Consumer Defensive 6.48% Communication Services 6.33% Industrials 6.04% Utility 2.96% Energy 2.43% Real Estate 2.29% Asset Allocation
Asset Class Value Cash 2.92% Equity 97.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFCBANK7% ₹296 Cr 1,741,430
↑ 11,826 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 06 | ICICIBANK5% ₹185 Cr 1,478,590 ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 08 | ITC3% ₹140 Cr 3,130,577 Infosys Ltd (Technology)
Equity, Since 28 Feb 06 | INFY3% ₹134 Cr 714,276
↓ -45,310 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | FEDERALBNK3% ₹102 Cr 5,466,538
↑ 521,710 Vedanta Ltd (Basic Materials)
Equity, Since 30 Apr 24 | 5002952% ₹100 Cr 2,259,525 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 30 Jun 21 | DALBHARAT2% ₹98 Cr 522,786
↑ 28,645 Aditya Birla Capital Ltd (Financial Services)
Equity, Since 31 Aug 22 | ABCAPITAL2% ₹97 Cr 5,404,713
↑ 547,136 Indus Towers Ltd Ordinary Shares (Communication Services)
Equity, Since 29 Feb 24 | 5348162% ₹96 Cr 2,772,183
↑ 285,211 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jul 22 | INDUSINDBK2% ₹91 Cr 914,829
↑ 158,568 9. UTI Healthcare Fund
CAGR/Annualized return of 14.9% 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 (28 Mar 25) ₹268.28 ↑ 1.01 (0.38 %) Net Assets (Cr) ₹1,057 on 28 Feb 25 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆ Risk High Expense Ratio 2.38 Sharpe Ratio 0.28 Information Ratio -0.09 Alpha Ratio 1.36 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 29 Feb 20 ₹10,000 28 Feb 21 ₹15,607 28 Feb 22 ₹17,328 28 Feb 23 ₹16,427 29 Feb 24 ₹25,870 28 Feb 25 ₹28,711 Returns for UTI Healthcare Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 8.1% 3 Month -7.9% 6 Month -7.6% 1 Year 20.1% 3 Year 19.8% 5 Year 28.5% 10 Year 15 Year Since launch 14.9% 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 2.83 Yr. Data below for UTI Healthcare Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Health Care 96.4% Basic Materials 1.35% Asset Allocation
Asset Class Value Cash 2.26% Equity 97.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Oct 06 | SUNPHARMA11% ₹126 Cr 725,000 Cipla Ltd (Healthcare)
Equity, Since 31 Jan 03 | 5000876% ₹69 Cr 464,949 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 28 Feb 18 | DRREDDY5% ₹57 Cr 470,234 Ajanta Pharma Ltd (Healthcare)
Equity, Since 31 Jul 17 | 5323314% ₹50 Cr 186,798
↓ -6,249 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 24 | 5322964% ₹45 Cr 309,311 Procter & Gamble Health Ltd (Healthcare)
Equity, Since 31 Dec 20 | PGHL3% ₹40 Cr 74,000 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Apr 21 | APOLLOHOSP3% ₹38 Cr 56,271
↓ -3,729 Gland Pharma Ltd (Healthcare)
Equity, Since 30 Nov 20 | GLAND3% ₹37 Cr 240,477
↓ -25,829 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 30 Jun 21 | 5433083% ₹36 Cr 597,765 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 20 | 5328433% ₹36 Cr 557,701 10. L&T Midcap Fund
CAGR/Annualized return of 18.6% 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 (28 Mar 25) ₹338.657 ↓ -0.38 (-0.11 %) Net Assets (Cr) ₹9,541 on 28 Feb 25 Category Equity - Mid Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk High Expense Ratio 1.77 Sharpe Ratio -0.18 Information Ratio -0.34 Alpha Ratio 1.61 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,679 28 Feb 22 ₹14,469 28 Feb 23 ₹15,177 29 Feb 24 ₹23,247 28 Feb 25 ₹23,245 Returns for L&T Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 8.6% 3 Month -16.5% 6 Month -16.9% 1 Year 7.9% 3 Year 19.3% 5 Year 28.3% 10 Year 15 Year Since launch 18.6% 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 1.42 Yr. Cheenu Gupta 26 Nov 22 2.26 Yr. Sonal Gupta 1 Oct 23 1.42 Yr. Data below for L&T Midcap Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Industrials 25.79% Financial Services 20.07% Technology 18.12% Consumer Cyclical 12.9% Health Care 8.52% Utility 4.66% Real Estate 4.66% Consumer Defensive 2.39% Basic Materials 1.96% Communication Services 0.06% Asset Allocation
Asset Class Value Cash 0.86% Equity 99.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 May 24 | 5000935% ₹541 Cr 8,521,430 Persistent Systems Ltd (Technology)
Equity, Since 30 Nov 22 | PERSISTENT5% ₹499 Cr 827,298
↑ 336,498 PB Fintech Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5433905% ₹494 Cr 2,860,900
↑ 141,700 BSE Ltd (Financial Services)
Equity, Since 30 Apr 24 | BSE5% ₹493 Cr 929,058
↑ 181,258 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 24 | DIXON4% ₹457 Cr 304,800 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 5433204% ₹388 Cr 17,596,500
↑ 2,460,941 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH4% ₹387 Cr 3,648,000
↑ 305,000 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCAMC3% ₹373 Cr 964,400 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5008503% ₹366 Cr 4,782,177
↑ 1,645,877 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | 5002513% ₹365 Cr 634,900
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