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Mutual Funds for New Zealand-Based NRI Investing in India
NRIs living in New Zealand can invest in a host of mutual fund schemes as per their investment objectives. Also, one who wants to diversify the investment Portfolio and earn optimal returns over the time, Mutual Funds are a great option to consider.
Non-Resident Indians (NRIs) living in New Zealand can benefit from a growing home Economy by Investing in mutual funds in India. Since, the time there were headlines of India announced as the sixth largest economy in the World, it caught many NRIs investors’ attention.
Traditionally, Non-Resident Indians have been more comfortable investing in Real Estate in India. But, the growing economy of India has broadened the investment choices for them, especially mutual funds.
NRIs most often prefer investing in mutual funds for two main reasons- one is as they can indirectly participate in stocks via equities and the other is they can earn more returns than Bank savings accounts for a short-term by investing in debt funds. Mutual funds are also a great option for portfolio diversification. As MFs invest in multiple securities this diversifies the risk.
Mutual Fund Investment for NRIs Living in New Zealand
To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian bank:
NRE Account
This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.
NRO Account
The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their Income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).
FCNR Account
This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.
Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.
KYC Procedure for New Zealand NRIs to Invest in Mutual Funds
To successfully complete your KYC procedure, New Zealand NRIs need to complete certain important steps and furnish documents like:
a. KYC Form
An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.
b. Documents
Following are the necessary documents that need to be submitted:
- Overseas address proof
- Indian resident address proof
- A recent photograph
- Passport copy
In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.
c. Attestation
NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.
d. In Personal Verification (IPV)
As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.
Please note that all the above documents/proofs while submitting should be in the English language.
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Non-Resident Indian (NRI) Mutual Fund Taxation
Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:
NRI taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Types of Mutual Fund Scheme | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
|---|---|---|
| Equity Funds- STCG- Units held less than or equal to a year, LTCG- Units held more than a year | 15% | Nil |
| Non-Equity Funds- STCG- Units held for 3 years or less, LTCG- Units held for more than 3 years | As per Individual’s income tax bracket | On listed funds-20% (with indexation), Unlisted funds- 10% (without indexation) |
Mutual Fund Taxation on Dividends
Dividends on Equity Funds: The dividend received in the hands of unit holder for equity funds is completely tax-free. The dividend is also tax-free to the AMC.
Dividends on Debt Funds: The AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its unit-holders. The dividend income received by a Debt fund unit holder is also tax-free.
Below is the TDS rate applicable on MF redemptions by NRIs for AY 2018-19.
NRI Taxation on Mutual Funds- Capital Gains Tax Rates- FY 2017/2018 (AY- 2018-19)
| Mutual Fund Redemptions by NRIs & TDS Rate | STCG & TDS Rate | LTCG & TDS Rate |
|---|---|---|
| Type of MF Scheme | ||
| Equity Oriented Funds | 15% | Nil |
| Debt Funds | 30% | On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation) |
Best Mutual Funds for New Zealand NRIs
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) L&T Emerging Businesses Fund Growth ₹89.2118
↓ -1.79 ₹16,920 -0.3 6.4 32.8 27.3 31.8 46.1 L&T India Value Fund Growth ₹107.799
↓ -2.35 ₹13,675 -3.6 1.2 30 25.2 24.5 39.4 Sundaram Rural and Consumption Fund Growth ₹96.6425
↓ -1.66 ₹1,586 -8.8 8.1 22.8 20.8 18.1 30.2 UTI Dynamic Bond Fund Growth ₹29.6278
↓ -0.01 ₹555 1.2 4 8.5 8.2 8.3 6.2 UTI Banking & PSU Debt Fund Growth ₹20.9242
↓ -0.01 ₹806 1.5 3.8 7.6 8.1 7.2 6.7 L&T Midcap Fund Growth ₹406.717
↓ -11.45 ₹11,912 -0.2 10 44.3 27.3 25.6 40 L&T Business Cycles Fund Growth ₹43.2686
↓ -0.98 ₹1,016 -2.6 5.8 39.8 25.8 23 31.3 L&T Tax Advantage Fund Growth ₹135.058
↓ -3.12 ₹4,303 -2.7 6.2 36.8 20.7 19.5 28.4 Sundaram Mid Cap Fund Growth ₹1,365.24
↓ -28.63 ₹12,425 -4.2 7.6 35.6 26.7 24.6 40.4 L&T Hybrid Equity Fund Growth ₹56.0304
↓ -1.10 ₹5,631 -0.3 5.5 26.1 15.5 15.5 24.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Dec 24
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 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 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 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 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 (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 Emerging Businesses Fund
CAGR/Annualized return of 22.9% 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 (20 Dec 24) ₹89.2118 ↓ -1.79 (-1.96 %) 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,894 30 Nov 21 ₹19,240 30 Nov 22 ₹21,023 30 Nov 23 ₹29,366 30 Nov 24 ₹38,725 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 6.5% 3 Month -0.3% 6 Month 6.4% 1 Year 32.8% 3 Year 27.3% 5 Year 31.8% 10 Year 15 Year Since launch 22.9% 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 4.96 Yr. Cheenu Gupta 1 Oct 23 1.17 Yr. Sonal Gupta 1 Oct 23 1.17 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 2. L&T India Value Fund
CAGR/Annualized return of 17.2% 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 (20 Dec 24) ₹107.799 ↓ -2.35 (-2.13 %) 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,876 30 Nov 21 ₹15,502 30 Nov 22 ₹17,219 30 Nov 23 ₹22,326 30 Nov 24 ₹30,221 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 2.8% 3 Month -3.6% 6 Month 1.2% 1 Year 30% 3 Year 25.2% 5 Year 24.5% 10 Year 15 Year Since launch 17.2% 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 12.03 Yr. Gautam Bhupal 1 Oct 23 1.17 Yr. Sonal Gupta 1 Oct 23 1.17 Yr. Data below for L&T India Value Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 26.85% Basic Materials 16.49% Industrials 13.59% Technology 11.13% Consumer Cyclical 7.31% Consumer Defensive 6.79% Real Estate 4.48% Utility 3.9% Energy 2.97% Health Care 2.01% Communication Services 2% Asset Allocation
Asset Class Value Cash 2.5% Equity 97.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹566 Cr 4,382,100 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325554% ₹531 Cr 13,014,200 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX4% ₹520 Cr 798,650 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 5327143% ₹383 Cr 3,887,970 Tech Mahindra Ltd (Technology)
Equity, Since 30 Nov 21 | 5327553% ₹368 Cr 2,284,900
↑ 395,566 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹328 Cr 16,063,900 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹302 Cr 3,682,400 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | 5900032% ₹297 Cr 13,164,300 Paradeep Phosphates Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5435302% ₹280 Cr 26,832,297
↑ 2,583,300 Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY2% ₹274 Cr 1,556,500
↑ 359,418 3. Sundaram Rural and Consumption Fund
CAGR/Annualized return of 13% 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 (20 Dec 24) ₹96.6425 ↓ -1.66 (-1.69 %) Net Assets (Cr) ₹1,586 on 30 Nov 24 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 1.06 Information Ratio 0.18 Alpha Ratio -1.34 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,677 30 Nov 21 ₹13,373 30 Nov 22 ₹15,207 30 Nov 23 ₹18,477 30 Nov 24 ₹23,065 Returns for Sundaram Rural and Consumption Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 1.5% 3 Month -8.8% 6 Month 8.1% 1 Year 22.8% 3 Year 20.8% 5 Year 18.1% 10 Year 15 Year Since launch 13% 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 2.92 Yr. 1 Jul 24 0.42 Yr. Data below for Sundaram Rural and Consumption Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Consumer Cyclical 42.95% Consumer Defensive 31.59% Communication Services 11.75% Health Care 3.05% Financial Services 2.27% Real Estate 1.98% Basic Materials 1.57% Asset Allocation
Asset Class Value Cash 4.83% Equity 95.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL10% ₹152 Cr 939,519
↓ -48,464 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC9% ₹146 Cr 2,991,251 Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN6% ₹99 Cr 303,263
↑ 47,874 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL6% ₹97 Cr 1,476,185
↓ -434,630 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M6% ₹96 Cr 350,492 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR6% ₹89 Cr 350,212 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI5% ₹75 Cr 67,306
↑ 1,346 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | 5433205% ₹73 Cr 3,000,962 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | UNITDSPR4% ₹66 Cr 453,496 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5230253% ₹54 Cr 245,560
↓ -932 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 (20 Dec 24) ₹29.6278 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹555 on 30 Nov 24 Category Debt - Dynamic Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.54 Sharpe Ratio 1.14 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.17% Effective Maturity 17 Years 6 Months 25 Days Modified Duration 8 Years 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,559 30 Nov 21 ₹11,739 30 Nov 22 ₹12,842 30 Nov 23 ₹13,567 30 Nov 24 ₹14,816 Returns for UTI Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 0.6% 3 Month 1.2% 6 Month 4% 1 Year 8.5% 3 Year 8.2% 5 Year 8.3% 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 3 Yr. Data below for UTI Dynamic Bond Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.69% Other 0.22% Debt Sector Allocation
Sector Value Government 76.72% Corporate 19.96% Cash Equivalent 3.09% Credit Quality
Rating Value AA 1.27% AAA 98.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.09% Govt Stock 2054
Sovereign Bonds | -31% ₹172 Cr 1,700,000,000
↑ 1,400,000,000 Government Of India 6.92%
Sovereign Bonds | -20% ₹111 Cr 1,100,000,000
↑ 500,000,000 7.23% Govt Stock 2039
Sovereign Bonds | -9% ₹52 Cr 500,000,000
↑ 500,000,000 Small Industries Development Bank Of India
Debentures | -7% ₹40 Cr 4,000 National Bank For Agriculture And Rural Development
Debentures | -7% ₹40 Cr 4,000 Rural Electrification Corporation Limited
Debentures | -7% ₹40 Cr 4,000 Power Finance Corporation Ltd.
Debentures | -5% ₹26 Cr 2,500 7.3% Govt Stock 2053
Sovereign Bonds | -4% ₹21 Cr 200,000,000 7.46% Govt Stock 2073
Sovereign Bonds | -3% ₹16 Cr 150,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹15 Cr 150,000,000
↓ -250,000,000 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 (20 Dec 24) ₹20.9242 ↓ -0.01 (-0.05 %) Net Assets (Cr) ₹806 on 30 Nov 24 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.55 Sharpe Ratio 1.36 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.32% Effective Maturity 2 Years 9 Months 7 Days Modified Duration 2 Years 3 Months 29 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,890 30 Nov 21 ₹11,194 30 Nov 22 ₹12,332 30 Nov 23 ₹13,094 30 Nov 24 ₹14,133 Returns for UTI Banking & PSU Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 0.4% 3 Month 1.5% 6 Month 3.8% 1 Year 7.6% 3 Year 8.1% 5 Year 7.2% 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 3 Yr. Data below for UTI Banking & PSU Debt Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 4.9% Debt 94.79% Other 0.31% Debt Sector Allocation
Sector Value Government 48.33% Corporate 46.46% Cash Equivalent 4.9% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -11% ₹86 Cr 850,000,000 Axis Bank Limited
Debentures | -7% ₹55 Cr 550 Export-Import Bank Of India
Debentures | -6% ₹50 Cr 5,000 Small Industries Development Bank Of India
Debentures | -6% ₹50 Cr 5,000 ICICI Bank Limited
Debentures | -6% ₹48 Cr 500
↓ -50 7.37% Govt Stock 2028
Sovereign Bonds | -6% ₹46 Cr 450,000,000 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% 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 (20 Dec 24) ₹406.717 ↓ -11.45 (-2.74 %) 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 30 Nov 19 ₹10,000 30 Nov 20 ₹11,451 30 Nov 21 ₹15,268 30 Nov 22 ₹15,982 30 Nov 23 ₹20,968 30 Nov 24 ₹29,539 Returns for L&T Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 7.2% 3 Month -0.2% 6 Month 10% 1 Year 44.3% 3 Year 27.3% 5 Year 25.6% 10 Year 15 Year Since launch 20% 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 1.17 Yr. Cheenu Gupta 26 Nov 22 2.02 Yr. Sonal Gupta 1 Oct 23 1.17 Yr. Data below for L&T Midcap Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Industrials 32.67% Financial Services 20.17% Consumer Cyclical 12.88% Technology 10.29% Real Estate 6.73% Health Care 6.47% Utility 5.25% Consumer Defensive 2.31% Basic Materials 1.62% Communication Services 0.05% Asset Allocation
Asset Class Value Cash 1.57% Equity 98.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Suzlon Energy Ltd (Industrials)
Equity, Since 31 Mar 24 | SUZLON5% ₹605 Cr 90,407,100 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 May 24 | 5000934% ₹509 Cr 7,222,000
↑ 1,955,800 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | 5002514% ₹453 Cr 634,900 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 24 | DIXON4% ₹429 Cr 304,800 JSW Energy Ltd (Utilities)
Equity, Since 31 Mar 24 | JSWENERGY4% ₹427 Cr 6,288,700
↑ 767,500 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCAMC4% ₹415 Cr 964,400 PB Fintech Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5433903% ₹400 Cr 2,351,700
↑ 189,500 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 5433203% ₹355 Cr 14,675,800 Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 5004803% ₹340 Cr 970,100 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP3% ₹338 Cr 1,175,100 7. L&T Business Cycles Fund
CAGR/Annualized return of 15.2% 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 (20 Dec 24) ₹43.2686 ↓ -0.98 (-2.22 %) 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,565 30 Nov 21 ₹14,600 30 Nov 22 ₹16,117 30 Nov 23 ₹19,644 30 Nov 24 ₹28,321 Returns for L&T Business Cycles Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 4.6% 3 Month -2.6% 6 Month 5.8% 1 Year 39.8% 3 Year 25.8% 5 Year 23% 10 Year 15 Year Since launch 15.2% 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 10.29 Yr. Gautam Bhupal 1 Jun 23 1.5 Yr. Sonal Gupta 1 Jun 23 1.5 Yr. Data below for L&T Business Cycles Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Industrials 28.54% Financial Services 27.13% Consumer Cyclical 17.15% Basic Materials 13.2% Energy 5.95% Real Estate 1.62% Technology 1.5% Asset Allocation
Asset Class Value Cash 3.43% Equity 96.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 5002517% ₹72 Cr 100,680
↓ -6,320 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCX6% ₹61 Cr 94,300 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANK6% ₹55 Cr 425,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹36 Cr 271,200 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANK3% ₹34 Cr 193,300 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LT3% ₹30 Cr 81,830 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONT3% ₹29 Cr 274,908 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BEL3% ₹28 Cr 1,000,000 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECH3% ₹27 Cr 90,800 Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 30 Jun 23 | 5052833% ₹27 Cr 160,733
↓ -15,467 8. L&T Tax Advantage Fund
CAGR/Annualized return of 14.8% 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 (20 Dec 24) ₹135.058 ↓ -3.12 (-2.26 %) Net Assets (Cr) ₹4,303 on 30 Nov 24 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 2.44 Information Ratio 0.58 Alpha Ratio 12.63 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,772 30 Nov 21 ₹14,216 30 Nov 22 ₹14,865 30 Nov 23 ₹17,393 30 Nov 24 ₹24,422 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 4.6% 3 Month -2.7% 6 Month 6.2% 1 Year 36.8% 3 Year 20.7% 5 Year 19.5% 10 Year 15 Year Since launch 14.8% 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 2.02 Yr. Sonal Gupta 21 Jul 21 3.37 Yr. Abhishek Gupta 1 Mar 24 0.75 Yr. Data below for L&T Tax Advantage Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 23.58% Industrials 20.73% Consumer Cyclical 16.37% Technology 10.35% Basic Materials 6.47% Health Care 5.63% Energy 4.08% Utility 3.72% Consumer Defensive 3.56% Real Estate 2.63% Communication Services 1.77% Asset Allocation
Asset Class Value Cash 1.1% Equity 98.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹202 Cr 1,162,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK4% ₹149 Cr 1,155,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹136 Cr 774,900
↑ 71,800 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹127 Cr 951,812 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT3% ₹109 Cr 301,450 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 5002512% ₹92 Cr 128,900
↓ -29,200 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT2% ₹86 Cr 160,000
↓ -24,700 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN2% ₹81 Cr 258,300 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN2% ₹81 Cr 984,432 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433202% ₹76 Cr 3,150,000
↓ -343,588 9. Sundaram Mid Cap Fund
CAGR/Annualized return of 24.6% 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 (20 Dec 24) ₹1,365.24 ↓ -28.63 (-2.05 %) 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,686 30 Nov 21 ₹15,103 30 Nov 22 ₹16,491 30 Nov 23 ₹21,320 30 Nov 24 ₹29,647 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 3.5% 3 Month -4.2% 6 Month 7.6% 1 Year 35.6% 3 Year 26.7% 5 Year 24.6% 10 Year 15 Year Since launch 24.6% 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 3.77 Yr. Ratish Varier 24 Feb 21 3.77 Yr. Data below for Sundaram Mid Cap Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 19.87% Consumer Cyclical 18.59% Industrials 17.55% Health Care 11.26% Basic Materials 8.5% Technology 5.91% Consumer Defensive 3.29% Real Estate 3.05% Utility 2.6% Communication Services 2.41% Energy 1.42% Asset Allocation
Asset Class Value Cash 5.55% Equity 94.45% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL4% ₹463 Cr 7,044,972
↓ -566,695 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹412 Cr 1,177,160 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹408 Cr 20,011,397 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002513% ₹369 Cr 517,776
↓ -7,851 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 21 | TIINDIA3% ₹311 Cr 694,463
↓ -243,869 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | 5002572% ₹304 Cr 1,388,200 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | 5063952% ₹292 Cr 1,747,182 Indian Bank (Financial Services)
Equity, Since 31 Jul 23 | 5328142% ₹285 Cr 4,812,470
↑ 198,037 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹284 Cr 4,543,631 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY2% ₹273 Cr 1,389,543 10. L&T Hybrid Equity Fund
CAGR/Annualized return of 13.2% 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 (20 Dec 24) ₹56.0304 ↓ -1.10 (-1.92 %) Net Assets (Cr) ₹5,631 on 31 Oct 24 Category Hybrid - Hybrid Equity AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 2.02 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 30 Nov 19 ₹10,000 30 Nov 20 ₹10,915 30 Nov 21 ₹13,623 30 Nov 22 ₹13,851 30 Nov 23 ₹15,985 30 Nov 24 ₹20,431 Returns for L&T Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24 Duration Returns 1 Month 4.6% 3 Month -0.3% 6 Month 5.5% 1 Year 26.1% 3 Year 15.5% 5 Year 15.5% 10 Year 15 Year Since launch 13.2% 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 8.51 Yr. Gautam Bhupal 1 Oct 23 1.17 Yr. Cheenu Gupta 2 Jul 21 3.42 Yr. Sonal Gupta 1 Oct 23 1.17 Yr. Mohd Asif Rizwi 1 May 24 0.59 Yr. Data below for L&T Hybrid Equity Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 1.3% Equity 77.24% Debt 21.46% Equity Sector Allocation
Sector Value Industrials 28.65% Financial Services 15.85% Consumer Cyclical 12.49% Technology 8.15% Utility 4.33% Real Estate 3.63% Health Care 1.79% Consumer Defensive 1.11% Communication Services 0.92% Basic Materials 0.18% Energy 0.14% Debt Sector Allocation
Sector Value Government 13.44% Corporate 8.02% Cash Equivalent 1.3% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Zomato Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | 5433204% ₹212 Cr 8,754,800
↑ 534,700 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹207 Cr 1,601,344 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 22 | BEL3% ₹172 Cr 6,030,700 Suzlon Energy Ltd (Industrials)
Equity, Since 30 Apr 24 | SUZLON3% ₹169 Cr 25,266,400 GE Vernova T&D India Ltd (Industrials)
Equity, Since 31 Jan 24 | 5222753% ₹168 Cr 939,900 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jul 22 | 5000933% ₹161 Cr 2,278,900
↑ 371,400 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹156 Cr 15,000,000
↓ -5,000,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | 5002513% ₹154 Cr 215,700
↑ 30,300 Zensar Technologies Ltd (Technology)
Equity, Since 31 May 23 | ZENSARTECH2% ₹122 Cr 1,739,015 JSW Energy Ltd (Utilities)
Equity, Since 30 Nov 23 | JSWENERGY2% ₹116 Cr 1,714,100
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