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Mutual Funds for Australia-Based NRI Investing in India
As, India is one of the fastest growing economies in the world with over 5 percent GDP growth for many years, it attracts thousands of NRI investors from abroad. World Bank and IMF have projected India’s GDP to grow at 7.4 percent and 7.8 percent in 2018 and 2019 respectively. Currently, India is world’s fifth largest Economy at $2.7 trillion GDP.
Non-Resident Indians (NRIs) living in Australia can plan their investment in Mutual Funds India in order to earn optimal returns in the long-run. Australia-based NRIs can invest in stocks in India via mutual funds by Investing in Equity Funds. Equities are ideal for long-term investments, if you have goals like retirement, purchase of a house, or if you just want to build wealth these funds can be an ideal option. And in case, if you want to earn returns higher than bank savings accounts than investing in debt funds for short-term is advisable. Before investing, one should always access their risk ability.
Australia-based NRIs who want to invest in Mutual Funds in India there are some of the important guidelines & rules that need to be followed in order to begin their investment.
Accounts for NRIs Living in Australia
To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian bank:
NRE Account
This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.
NRO Account
The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their Income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).
FCNR Account
This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.
Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.
KYC Procedure for Australia NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, Australia NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
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Mutual Fund Taxation for Non-Resident Indian(NRI)
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Popular Cities in Australia
Some of the most popular cities in Australia where you can find most Indians are:
- Sydney
- Melbourne
- Brisbane
- Perth
- Adelaide
Best Mutual Funds for Australia-Based NRIs
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) L&T India Value Fund Growth ₹110.575
↓ -0.32 ₹13,820 16.5 17.7 49.2 25.5 27.5 39.4 L&T Emerging Businesses Fund Growth ₹88.0301
↑ 0.19 ₹16,905 19.1 22.4 41.1 28.9 32.8 46.1 Sundaram Rural and Consumption Fund Growth ₹101.05
↑ 0.13 ₹1,582 20.8 24.6 37.8 20.6 21.5 30.2 UTI Dynamic Bond Fund Growth ₹29.0761
↑ 0.05 ₹451 2.7 4 8.1 10.8 7.8 6.2 UTI Banking & PSU Debt Fund Growth ₹20.5163
↑ 0.00 ₹841 2.3 3.9 7.4 7.7 6.9 6.7 L&T Midcap Fund Growth ₹393.428
↑ 0.68 ₹11,882 21 24.4 56.8 24.1 27.3 40 Sundaram Mid Cap Fund Growth ₹1,393.83
↑ 2.28 ₹12,465 22.2 26.1 54 25.7 27.4 40.4 L&T Business Cycles Fund Growth ₹43.3381
↑ 0.03 ₹953 19.3 23.3 50.7 24.9 25.4 31.3 L&T Tax Advantage Fund Growth ₹135.387
↓ -0.42 ₹4,374 19.7 23.8 48.1 19.4 22.1 28.4 L&T Hybrid Equity Fund Growth ₹55.4888
↓ -0.13 ₹5,893 14.7 16.9 32.7 14.5 17.1 24.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Sep 24
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 Sundaram Rural India Fund) The primary investment objective of the scheme is to generate consistent long-term returns by investing predominantly in equity & equity related instruments of companies that are focusing on Rural India. Sundaram Rural and Consumption Fund is a Equity - Sectoral fund was launched on 12 May 06. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Rural and Consumption Fund Returns up to 1 year are on The investment objective of the scheme is to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. UTI Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 16 Jun 10. It is a fund with Moderate risk and has given a Below is the key information for UTI Dynamic Bond Fund Returns up to 1 year are on The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs). UTI Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 3 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for UTI Banking & PSU Debt Fund Returns up to 1 year are on 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 (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 long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on (Erstwhile L&T India Prudence Fund) To seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments L&T Hybrid Equity Fund is a Hybrid - Hybrid Equity fund was launched on 7 Feb 11. It is a fund with Moderately High risk and has given a Below is the key information for L&T Hybrid Equity Fund Returns up to 1 year are on 1. L&T India Value Fund
CAGR/Annualized return of 17.8% since its launch. Ranked 4 in Value category. Return for 2023 was 39.4% , 2022 was 5.2% and 2021 was 40.3% . L&T India Value Fund
Growth Launch Date 8 Jan 10 NAV (04 Sep 24) ₹110.575 ↓ -0.32 (-0.29 %) Net Assets (Cr) ₹13,820 on 31 Jul 24 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 3.39 Information Ratio 1.24 Alpha Ratio 14.54 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 Aug 19 ₹10,000 31 Aug 20 ₹10,328 31 Aug 21 ₹16,543 31 Aug 22 ₹17,465 31 Aug 23 ₹21,830 31 Aug 24 ₹33,304 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 2.1% 3 Month 16.5% 6 Month 17.7% 1 Year 49.2% 3 Year 25.5% 5 Year 27.5% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 74.1% Fund Manager information for L&T India Value Fund
Name Since Tenure Venugopal Manghat 24 Nov 12 11.69 Yr. Gautam Bhupal 1 Oct 23 0.83 Yr. Sonal Gupta 1 Oct 23 0.83 Yr. Data below for L&T India Value Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 27.18% Industrials 16.93% Basic Materials 16.74% Technology 10.26% Consumer Cyclical 7.91% Real Estate 4.73% Utility 4.13% Consumer Defensive 3.74% Energy 3.2% Health Care 1.84% Communication Services 1.82% Asset Allocation
Asset Class Value Cash 1.52% Equity 98.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325554% ₹570 Cr 13,709,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹532 Cr 4,382,100 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹503 Cr 5,766,900 Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Jul 21 | JSL3% ₹415 Cr 5,597,612
↓ -851,288 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 5327143% ₹360 Cr 3,887,970 Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 5328143% ₹351 Cr 5,767,748 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹348 Cr 1,195,400
↓ -232,104 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX2% ₹343 Cr 798,650 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 30 Sep 22 | KIRLOSENG2% ₹337 Cr 2,728,971
↓ -4,229 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹324 Cr 16,063,900 2. L&T Emerging Businesses Fund
CAGR/Annualized return of 23.5% since its launch. Ranked 2 in Small Cap category. Return for 2023 was 46.1% , 2022 was 1% and 2021 was 77.4% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (04 Sep 24) ₹88.0301 ↑ 0.19 (0.22 %) Net Assets (Cr) ₹16,905 on 31 Jul 24 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.73 Sharpe Ratio 2.26 Information Ratio 0.54 Alpha Ratio 0.29 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹9,833 31 Aug 21 ₹18,722 31 Aug 22 ₹21,773 31 Aug 23 ₹28,693 31 Aug 24 ₹40,851 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 2.7% 3 Month 19.1% 6 Month 22.4% 1 Year 41.1% 3 Year 28.9% 5 Year 32.8% 10 Year 15 Year Since launch 23.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 4.62 Yr. Cheenu Gupta 1 Oct 23 0.83 Yr. Sonal Gupta 1 Oct 23 0.83 Yr. Data below for L&T Emerging Businesses Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 33.31% Consumer Cyclical 15.58% Basic Materials 13.69% Financial Services 11.23% Technology 8.92% Real Estate 5.54% Health Care 3.16% Consumer Defensive 2.46% Energy 1.57% Asset Allocation
Asset Class Value Cash 2.99% Equity 97.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹586 Cr 635,400 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE3% ₹439 Cr 2,573,042 NCC Ltd (Industrials)
Equity, Since 28 Feb 21 | NCC2% ₹404 Cr 11,291,100 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹403 Cr 2,188,200 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW2% ₹400 Cr 5,424,280
↑ 663,519 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329292% ₹381 Cr 3,029,095
↓ -269,905 Century Textiles & Industries Ltd (Basic Materials)
Equity, Since 30 Sep 22 | 5000402% ₹375 Cr 1,607,279 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹356 Cr 822,670
↓ -100,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | 5002512% ₹339 Cr 580,400 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008402% ₹311 Cr 7,055,106
↓ -1,228,133 3. Sundaram Rural and Consumption Fund
CAGR/Annualized return of 13.5% since its launch. Ranked 2 in Sectoral category. Return for 2023 was 30.2% , 2022 was 9.3% and 2021 was 19.3% . Sundaram Rural and Consumption Fund
Growth Launch Date 12 May 06 NAV (04 Sep 24) ₹101.05 ↑ 0.13 (0.13 %) Net Assets (Cr) ₹1,582 on 31 Jul 24 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 2.45 Information Ratio -0.48 Alpha Ratio 4.34 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,463 31 Aug 21 ₹14,563 31 Aug 22 ₹16,375 31 Aug 23 ₹18,716 31 Aug 24 ₹25,732 Returns for Sundaram Rural and Consumption Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 4.9% 3 Month 20.8% 6 Month 24.6% 1 Year 37.8% 3 Year 20.6% 5 Year 21.5% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 47.4% Fund Manager information for Sundaram Rural and Consumption Fund
Name Since Tenure Ratish Varier 1 Jan 22 2.58 Yr. 1 Jul 24 0.08 Yr. Data below for Sundaram Rural and Consumption Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Consumer Cyclical 40.14% Consumer Defensive 34.91% Communication Services 11.24% Health Care 2.84% Financial Services 2.56% Real Estate 2.09% Basic Materials 1.63% Asset Allocation
Asset Class Value Cash 4.59% Equity 95.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC9% ₹148 Cr 2,991,251 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL9% ₹147 Cr 987,983 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL8% ₹134 Cr 2,304,592
↓ -150,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M7% ₹119 Cr 407,736 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR6% ₹95 Cr 350,212
↓ -57,801 Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN6% ₹88 Cr 255,389 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | UNITDSPR4% ₹68 Cr 480,998 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI4% ₹65 Cr 49,344 Emami Ltd (Consumer Defensive)
Equity, Since 31 May 23 | 5311624% ₹63 Cr 766,731
↓ -100,000 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5230253% ₹51 Cr 246,492 4. UTI Dynamic Bond Fund
CAGR/Annualized return of 7.8% since its launch. Ranked 3 in Dynamic Bond category. Return for 2023 was 6.2% , 2022 was 10.1% and 2021 was 10.8% . UTI Dynamic Bond Fund
Growth Launch Date 16 Jun 10 NAV (04 Sep 24) ₹29.0761 ↑ 0.05 (0.18 %) Net Assets (Cr) ₹451 on 31 Jul 24 Category Debt - Dynamic Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.54 Sharpe Ratio 0.18 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.02% Effective Maturity 7 Years 11 Months 26 Days Modified Duration 5 Years 8 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,361 31 Aug 21 ₹10,724 31 Aug 22 ₹12,775 31 Aug 23 ₹13,502 31 Aug 24 ₹14,572 Returns for UTI Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 0.9% 3 Month 2.7% 6 Month 4% 1 Year 8.1% 3 Year 10.8% 5 Year 7.8% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 14.7% Fund Manager information for UTI Dynamic Bond Fund
Name Since Tenure Sudhir Agarwal 1 Dec 21 2.67 Yr. Data below for UTI Dynamic Bond Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 3.03% Debt 96.72% Other 0.25% Debt Sector Allocation
Sector Value Government 87.21% Corporate 9.51% Cash Equivalent 3.03% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.37% Govt Stock 2028
Sovereign Bonds | -31% ₹148 Cr 1,450,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -27% ₹128 Cr 1,250,000,000 7.04% Govt Stock 2029
Sovereign Bonds | -16% ₹76 Cr 750,000,000 07.03 Goi 2054
Sovereign Bonds | -6% ₹30 Cr 300,000,000
↑ 300,000,000 Power Finance Corporation Ltd.
Debentures | -5% ₹25 Cr 2,500 7.3% Govt Stock 2053
Sovereign Bonds | -4% ₹21 Cr 200,000,000
↑ 200,000,000 Rural Electrification Corporation Limited
Debentures | -4% ₹20 Cr 2,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹15 Cr 150,000,000
↓ -750,000,000 CORPORATE DEBT MARKET DEVT FUND - A2 UNITS
Investment Fund | -0% ₹1 Cr 1,168 Net Current Assets
Net Current Assets | -3% ₹12 Cr 5. UTI Banking & PSU Debt Fund
CAGR/Annualized return of 7% since its launch. Ranked 3 in Banking & PSU Debt category. Return for 2023 was 6.7% , 2022 was 10.3% and 2021 was 2.8% . UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (04 Sep 24) ₹20.5163 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹841 on 31 Jul 24 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.55 Sharpe Ratio 0.09 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.43% Effective Maturity 3 Years 22 Days Modified Duration 2 Years 6 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,740 31 Aug 21 ₹11,180 31 Aug 22 ₹12,289 31 Aug 23 ₹12,994 31 Aug 24 ₹13,945 Returns for UTI Banking & PSU Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 3.9% 1 Year 7.4% 3 Year 7.7% 5 Year 6.9% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 2.67 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 3.99% Debt 95.72% Other 0.29% Debt Sector Allocation
Sector Value Government 49.08% Corporate 46.65% Cash Equivalent 3.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -11% ₹91 Cr 900,000,000
↓ -100,000,000 7.37% Govt Stock 2028
Sovereign Bonds | -7% ₹56 Cr 550,000,000
↑ 350,000,000 Axis Bank Limited
Debentures | -7% ₹55 Cr 550 ICICI Bank Limited
Debentures | -6% ₹53 Cr 550 Small Industries Development Bank Of India
Debentures | -6% ₹50 Cr 5,000 Export-Import Bank of India
Domestic Bonds | -6% ₹50 Cr 5,000 Power Finance Corporation Limited
Debentures | -5% ₹40 Cr 400 Rural Electrification Corporation Limited
Debentures | -4% ₹35 Cr 3,500 HDFC Bank Limited
Debentures | -4% ₹35 Cr 350 Indian Railway Finance Corporation Limited
Debentures | -4% ₹30 Cr 300 6. L&T Midcap Fund
CAGR/Annualized return of 20.1% since its launch. Ranked 5 in Mid Cap category. Return for 2023 was 40% , 2022 was 1.1% and 2021 was 30.4% . L&T Midcap Fund
Growth Launch Date 9 Aug 04 NAV (04 Sep 24) ₹393.428 ↑ 0.68 (0.17 %) Net Assets (Cr) ₹11,882 on 31 Jul 24 Category Equity - Mid Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk High Expense Ratio 1.77 Sharpe Ratio 3.72 Information Ratio -0.74 Alpha Ratio 11.91 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 Aug 19 ₹10,000 31 Aug 20 ₹11,025 31 Aug 21 ₹16,945 31 Aug 22 ₹17,380 31 Aug 23 ₹20,675 31 Aug 24 ₹32,919 Returns for L&T Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 3.3% 3 Month 21% 6 Month 24.4% 1 Year 56.8% 3 Year 24.1% 5 Year 27.3% 10 Year 15 Year Since launch 20.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 40% 2022 1.1% 2021 30.4% 2020 19% 2019 -0.2% 2018 -12% 2017 52.3% 2016 9.8% 2015 10.8% 2014 81.6% Fund Manager information for L&T Midcap Fund
Name Since Tenure Venugopal Manghat 1 Oct 23 0.83 Yr. Cheenu Gupta 26 Nov 22 1.68 Yr. Sonal Gupta 1 Oct 23 0.83 Yr. Data below for L&T Midcap Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 32.34% Financial Services 17.16% Consumer Cyclical 12.36% Technology 8.81% Real Estate 7.91% Health Care 7.44% Utility 5.71% Consumer Defensive 2.99% Basic Materials 2.82% Communication Services 0.7% Energy 0.05% Asset Allocation
Asset Class Value Cash 1.71% Equity 98.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Suzlon Energy Ltd (Industrials)
Equity, Since 31 Mar 24 | SUZLON5% ₹627 Cr 90,407,100
↑ 5,298,200 Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 5004803% ₹374 Cr 970,100 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP3% ₹345 Cr 1,071,400 JSW Energy Ltd (Utilities)
Equity, Since 31 Mar 24 | JSWENERGY3% ₹335 Cr 4,599,200
↑ 418,500 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | 5002513% ₹333 Cr 570,400 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Mar 24 | 5001033% ₹328 Cr 10,414,900 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCAMC3% ₹300 Cr 729,900 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Mar 24 | PRESTIGE2% ₹290 Cr 1,594,300 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 May 24 | 5000932% ₹286 Cr 3,891,800
↑ 323,200 Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 5328142% ₹262 Cr 4,310,000 7. Sundaram Mid Cap Fund
CAGR/Annualized return of 25% since its launch. Ranked 13 in Mid Cap category. Return for 2023 was 40.4% , 2022 was 4.8% and 2021 was 37.5% . Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (04 Sep 24) ₹1,393.83 ↑ 2.28 (0.16 %) Net Assets (Cr) ₹12,465 on 31 Jul 24 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 3.27 Information Ratio -0.45 Alpha Ratio 5.8 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,159 31 Aug 21 ₹16,325 31 Aug 22 ₹17,818 31 Aug 23 ₹21,308 31 Aug 24 ₹32,920 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 4.8% 3 Month 22.2% 6 Month 26.1% 1 Year 54% 3 Year 25.7% 5 Year 27.4% 10 Year 15 Year Since launch 25% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 75% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 3.44 Yr. Ratish Varier 24 Feb 21 3.44 Yr. Data below for Sundaram Mid Cap Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 19.92% Financial Services 19.22% Consumer Cyclical 18.53% Health Care 10.8% Basic Materials 9.46% Technology 6.04% Utility 2.88% Consumer Defensive 2.63% Real Estate 2.32% Communication Services 1.77% Energy 1.4% Asset Allocation
Asset Class Value Cash 4.87% Equity 95.13% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL4% ₹481 Cr 8,297,488
↓ -42,294 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004804% ₹477 Cr 1,239,180 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹403 Cr 20,011,397 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA3% ₹401 Cr 969,864
↑ 63,288 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002513% ₹365 Cr 624,330
↓ -29,797 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328102% ₹305 Cr 5,470,000 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | 5063952% ₹295 Cr 1,777,263 Indian Bank (Financial Services)
Equity, Since 31 Jul 23 | 5328142% ₹273 Cr 4,488,932
↑ 31,521 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | 5002572% ₹265 Cr 1,388,200 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY2% ₹259 Cr 1,389,543
↓ -20,457 8. L&T Business Cycles Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 19 in Sectoral category. Return for 2023 was 31.3% , 2022 was 5.3% and 2021 was 34.5% . L&T Business Cycles Fund
Growth Launch Date 20 Aug 14 NAV (04 Sep 24) ₹43.3381 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹953 on 31 Jul 24 Category Equity - Sectoral AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.52 Information Ratio 0.84 Alpha Ratio 8.43 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹9,955 31 Aug 21 ₹15,548 31 Aug 22 ₹17,269 31 Aug 23 ₹20,062 31 Aug 24 ₹30,720 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 3.6% 3 Month 19.3% 6 Month 23.3% 1 Year 50.7% 3 Year 24.9% 5 Year 25.4% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.3% 2022 5.3% 2021 34.5% 2020 9.3% 2019 5.3% 2018 -17.5% 2017 45.6% 2016 3.2% 2015 3.5% 2014 Fund Manager information for L&T Business Cycles Fund
Name Since Tenure Venugopal Manghat 20 Aug 14 9.95 Yr. Gautam Bhupal 1 Jun 23 1.17 Yr. Sonal Gupta 1 Jun 23 1.17 Yr. Data below for L&T Business Cycles Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 31.69% Financial Services 24.03% Consumer Cyclical 16.5% Basic Materials 13.33% Energy 7.26% Real Estate 1.87% Technology 1.48% Asset Allocation
Asset Class Value Cash 2.05% Equity 97.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 5002517% ₹62 Cr 107,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK5% ₹52 Cr 425,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹41 Cr 135,600 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX4% ₹40 Cr 94,300 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT4% ₹39 Cr 274,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT4% ₹38 Cr 99,920 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BEL3% ₹32 Cr 1,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK3% ₹31 Cr 193,300
↑ 13,500 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECH3% ₹28 Cr 45,400 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABB3% ₹26 Cr 32,600 9. L&T Tax Advantage Fund
CAGR/Annualized return of 15.1% since its launch. Ranked 7 in ELSS category. Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (04 Sep 24) ₹135.387 ↓ -0.42 (-0.31 %) Net Assets (Cr) ₹4,374 on 31 Jul 24 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 2.88 Information Ratio -0.05 Alpha Ratio 8.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,334 31 Aug 21 ₹15,602 31 Aug 22 ₹15,700 31 Aug 23 ₹17,964 31 Aug 24 ₹26,903 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 3% 3 Month 19.7% 6 Month 23.8% 1 Year 48.1% 3 Year 19.4% 5 Year 22.1% 10 Year 15 Year Since launch 15.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.4% 2022 -3% 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 26 Nov 22 1.68 Yr. Sonal Gupta 21 Jul 21 3.03 Yr. Abhishek Gupta 1 Mar 24 0.42 Yr. Data below for L&T Tax Advantage Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 23.11% Industrials 22.11% Consumer Cyclical 16.49% Technology 10.81% Basic Materials 5.83% Energy 5.04% Health Care 4.62% Utility 3.87% Consumer Defensive 3.1% Real Estate 2.86% Communication Services 1.59% Asset Allocation
Asset Class Value Cash 0.57% Equity 99.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK4% ₹188 Cr 1,162,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹162 Cr 537,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK3% ₹140 Cr 1,155,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹131 Cr 703,100
↑ 81,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT3% ₹115 Cr 301,450
↓ -35,855 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT2% ₹98 Cr 202,400
↓ -31,500 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹96 Cr 518,700
↓ -34,500 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5328102% ₹92 Cr 1,659,900 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 5002512% ₹92 Cr 158,100
↓ -19,720 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000932% ₹88 Cr 1,201,300
↓ -119,283 10. L&T Hybrid Equity Fund
CAGR/Annualized return of 13.5% since its launch. Ranked 5 in Hybrid Equity category. Return for 2023 was 24.3% , 2022 was -3.7% and 2021 was 23.1% . L&T Hybrid Equity Fund
Growth Launch Date 7 Feb 11 NAV (04 Sep 24) ₹55.4888 ↓ -0.13 (-0.23 %) Net Assets (Cr) ₹5,893 on 31 Jul 24 Category Hybrid - Hybrid Equity AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 2.7 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 Aug 19 ₹10,000 31 Aug 20 ₹10,435 31 Aug 21 ₹14,456 31 Aug 22 ₹14,449 31 Aug 23 ₹16,335 31 Aug 24 ₹21,970 Returns for L&T Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Sep 24 Duration Returns 1 Month 1% 3 Month 14.7% 6 Month 16.9% 1 Year 32.7% 3 Year 14.5% 5 Year 17.1% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.3% 2022 -3.7% 2021 23.1% 2020 13.6% 2019 6.5% 2018 -3.8% 2017 27.8% 2016 4.3% 2015 9.9% 2014 44.5% Fund Manager information for L&T Hybrid Equity Fund
Name Since Tenure Shriram Ramanathan 30 May 16 8.18 Yr. Gautam Bhupal 1 Oct 23 0.83 Yr. Cheenu Gupta 2 Jul 21 3.08 Yr. Sonal Gupta 1 Oct 23 0.83 Yr. Mohd Asif Rizwi 1 May 24 0.25 Yr. Data below for L&T Hybrid Equity Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 1.89% Equity 77.68% Debt 20.43% Equity Sector Allocation
Sector Value Industrials 28.55% Financial Services 15.99% Consumer Cyclical 10.08% Technology 8.3% Utility 4.42% Real Estate 3.29% Health Care 2.5% Consumer Defensive 1.76% Communication Services 1.13% Energy 0.97% Basic Materials 0.69% Debt Sector Allocation
Sector Value Government 13.15% Corporate 7.28% Cash Equivalent 1.89% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT4% ₹215 Cr 562,400 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹205 Cr 20,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK3% ₹195 Cr 1,601,344
↓ -240,700 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 22 | BEL3% ₹191 Cr 6,030,700 7.18% Govt Stock 2033
Sovereign Bonds | -3% ₹157 Cr 15,000,000
↓ -2,500,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jul 22 | 5000932% ₹140 Cr 1,907,500 Zensar Technologies Ltd (Technology)
Equity, Since 31 May 23 | ZENSARTECH2% ₹138 Cr 1,739,015 JSW Energy Ltd (Utilities)
Equity, Since 30 Nov 23 | JSWENERGY2% ₹125 Cr 1,714,100 Suzlon Energy Ltd (Industrials)
Equity, Since 30 Apr 24 | SUZLON2% ₹122 Cr 17,596,600
↑ 3,632,100 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Dec 23 | 5001032% ₹122 Cr 3,861,368
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