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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 (%) Sundaram Rural and Consumption Fund Growth ₹89.1983
↓ -0.94 ₹1,518 -5.7 -8.7 10.2 16.8 14.6 20.1 UTI Banking & PSU Debt Fund Growth ₹21.1772
↑ 0.00 ₹814 1.6 3.5 7.4 8.3 7.1 7.6 UTI Dynamic Bond Fund Growth ₹29.9109
↑ 0.00 ₹534 1.6 3.2 7.1 8.6 8.9 8.6 L&T India Value Fund Growth ₹95.2654
↓ -0.98 ₹12,849 -8.6 -12.3 3.7 19.1 20.7 25.9 L&T Emerging Businesses Fund Growth ₹71.6233
↓ -0.47 ₹17,386 -14.4 -17.2 -0.3 18.4 25.2 28.5 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 L&T Tax Advantage Fund Growth ₹119.248
↓ -0.74 ₹3,977 -7.4 -10.8 12 15.9 16.1 33 UTI Regular Savings Fund Growth ₹66.0253
↓ -0.08 ₹1,633 0.1 0.3 9 8.5 10.2 11.6 Sundaram Mid Cap Fund Growth ₹1,190.03
↓ -14.40 ₹11,638 -9.6 -12.4 8.8 20.8 19 32 UTI Money Market Fund Growth ₹2,994.48
↑ 0.59 ₹17,810 1.8 3.7 7.7 6.8 6 7.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Feb 25
(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 steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs). UTI Banking & PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 3 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for UTI Banking & PSU Debt Fund Returns up to 1 year are on The investment objective of the scheme is to generate optimal returns with adequate liquidity through active management of the portfolio, by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. UTI Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 16 Jun 10. It is a fund with Moderate risk and has given a Below is the key information for UTI Dynamic Bond Fund Returns up to 1 year are on To generate long-term capital appreciation from diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. The Scheme could also additionally invest in Foreign Securities in international markets. L&T India Value Fund is a Equity - Value fund was launched on 8 Jan 10. It is a fund with Moderately High risk and has given a Below is the key information for L&T India Value Fund Returns up to 1 year are on To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. L&T Emerging Businesses Fund is a Equity - Small Cap fund was launched on 12 May 14. It is a fund with High risk and has given a Below is the key information for L&T Emerging Businesses Fund Returns up to 1 year are on (Erstwhile BNP Paribas Dividend Yield Fund) The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are
defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Sep 05. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on 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 UTI MIS Advantage Plan) The investment objective of the Scheme is to generate regular income through investments in fixed income securities and capital appreciation / dividend income through investment of a portion of net assets of the scheme in equity and equity related instruments so as to endeavour to make periodic income distribution to Unit holders. Income may be generated through Coupon payments, amortization of discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. Under normal market conditions investment will be made in fixed income securities, money market instruments,cash and cash equivalents while at the same time maintaining a limited exposure to equity markets. The Scheme will endeavor to enhance overall returns through appropriate investments upto a maximum of 25% of Net Assets into equity and equity related instruments. UTI Regular Savings Fund is a Hybrid - Hybrid Debt fund was launched on 16 Dec 03. It is a fund with Moderately High risk and has given a Below is the key information for UTI Regular Savings 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 provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities. UTI Money Market Fund is a Debt - Money Market fund was launched on 13 Jul 09. It is a fund with Low risk and has given a Below is the key information for UTI Money Market Fund Returns up to 1 year are on 1. Sundaram Rural and Consumption Fund
CAGR/Annualized return of 12.4% since its launch. Ranked 2 in Sectoral category. Return for 2024 was 20.1% , 2023 was 30.2% and 2022 was 9.3% . Sundaram Rural and Consumption Fund
Growth Launch Date 12 May 06 NAV (21 Feb 25) ₹89.1983 ↓ -0.94 (-1.04 %) Net Assets (Cr) ₹1,518 on 31 Jan 25 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 0.63 Information Ratio -0.03 Alpha Ratio 0.8 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 Jan 20 ₹10,000 31 Jan 21 ₹10,565 31 Jan 22 ₹12,885 31 Jan 23 ₹13,705 31 Jan 24 ₹18,158 31 Jan 25 ₹21,252 Returns for Sundaram Rural and Consumption Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -3.1% 3 Month -5.7% 6 Month -8.7% 1 Year 10.2% 3 Year 16.8% 5 Year 14.6% 10 Year 15 Year Since launch 12.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.1% 2022 30.2% 2021 9.3% 2020 19.3% 2019 13.5% 2018 2.7% 2017 -7.8% 2016 38.7% 2015 21.1% 2014 6.3% Fund Manager information for Sundaram Rural and Consumption Fund
Name Since Tenure Ratish Varier 1 Jan 22 3.09 Yr. Data below for Sundaram Rural and Consumption Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Consumer Cyclical 43.84% Consumer Defensive 31.91% Communication Services 11.79% Health Care 2.89% Financial Services 2.6% Real Estate 1.67% Basic Materials 1.39% Asset Allocation
Asset Class Value Cash 3.91% Equity 96.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 22 | BHARTIARTL9% ₹149 Cr 939,519 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 13 | ITC9% ₹145 Cr 2,991,251 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | M&M7% ₹105 Cr 350,492 Titan Co Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | TITAN6% ₹99 Cr 303,263 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | 5433205% ₹83 Cr 3,000,962 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | HINDUNILVR5% ₹81 Cr 350,212 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | UNITDSPR5% ₹74 Cr 453,496 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI5% ₹73 Cr 67,306 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL4% ₹64 Cr 837,090 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5230254% ₹64 Cr 245,560 2. UTI Banking & PSU Debt Fund
CAGR/Annualized return of 7% since its launch. Ranked 3 in Banking & PSU Debt category. Return for 2024 was 7.6% , 2023 was 6.7% and 2022 was 10.3% . UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (21 Feb 25) ₹21.1772 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹814 on 31 Jan 25 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.55 Sharpe Ratio 0.83 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 6 Months 25 Days Modified Duration 2 Years 2 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹10,814 31 Jan 22 ₹11,152 31 Jan 23 ₹12,324 31 Jan 24 ₹13,180 31 Jan 25 ₹14,176 Returns for UTI Banking & PSU Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.5% 1 Year 7.4% 3 Year 8.3% 5 Year 7.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.6% 2022 6.7% 2021 10.3% 2020 2.8% 2019 8.9% 2018 -1% 2017 6.8% 2016 6.4% 2015 11.7% 2014 8.6% Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 3.17 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 6.06% Debt 93.63% Other 0.31% Debt Sector Allocation
Sector Value Government 47.73% Corporate 45.89% Cash Equivalent 6.06% 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 Small Industries Development Bank Of India
Debentures | -6% ₹50 Cr 5,000 Export-Import Bank Of India
Debentures | -6% ₹50 Cr 5,000 ICICI Bank Limited
Debentures | -6% ₹48 Cr 500 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 3. UTI Dynamic Bond Fund
CAGR/Annualized return of 7.7% since its launch. Ranked 3 in Dynamic Bond category. Return for 2024 was 8.6% , 2023 was 6.2% and 2022 was 10.1% . UTI Dynamic Bond Fund
Growth Launch Date 16 Jun 10 NAV (21 Feb 25) ₹29.9109 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹534 on 31 Jan 25 Category Debt - Dynamic Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.54 Sharpe Ratio 0.73 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.09% Effective Maturity 14 Years 7 Months 13 Days Modified Duration 6 Years 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹10,780 31 Jan 22 ₹11,950 31 Jan 23 ₹13,223 31 Jan 24 ₹14,097 31 Jan 25 ₹15,280 Returns for UTI Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 3.2% 1 Year 7.1% 3 Year 8.6% 5 Year 8.9% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.6% 2022 6.2% 2021 10.1% 2020 10.8% 2019 5.9% 2018 -3.9% 2017 5.2% 2016 4.2% 2015 14.9% 2014 6.9% Fund Manager information for UTI Dynamic Bond Fund
Name Since Tenure Sudhir Agarwal 1 Dec 21 3.17 Yr. Data below for UTI Dynamic Bond Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 16.17% Debt 83.58% Other 0.25% Debt Sector Allocation
Sector Value Government 63.79% Corporate 19.79% Cash Equivalent 16.17% Credit Quality
Rating Value AA 1.13% AAA 98.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.92% Govt Stock 2039
Sovereign Bonds | -25% ₹140 Cr 1,400,000,000
↑ 300,000,000 7.09% Govt Stock 2054
Sovereign Bonds | -18% ₹100 Cr 1,000,000,000 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 Rec Limited
Debentures | -7% ₹40 Cr 4,000 Power Finance Corporation Ltd.
Debentures | -5% ₹25 Cr 2,500 7.09% Govt Stock 2074
Sovereign Bonds | -4% ₹25 Cr 250,000,000
↑ 250,000,000 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 4. L&T India Value Fund
CAGR/Annualized return of 16.1% 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 (21 Feb 25) ₹95.2654 ↓ -0.98 (-1.02 %) Net Assets (Cr) ₹12,849 on 31 Jan 25 Category Equity - Value AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 0.5 Information Ratio 1.17 Alpha Ratio 3.07 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 Jan 20 ₹10,000 31 Jan 21 ₹11,170 31 Jan 22 ₹15,904 31 Jan 23 ₹16,482 31 Jan 24 ₹24,313 31 Jan 25 ₹27,547 Returns for L&T India Value Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -5.6% 3 Month -8.6% 6 Month -12.3% 1 Year 3.7% 3 Year 19.1% 5 Year 20.7% 10 Year 15 Year Since launch 16.1% 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 12.2 Yr. Gautam Bhupal 1 Oct 23 1.34 Yr. Sonal Gupta 1 Oct 23 1.34 Yr. Data below for L&T India Value Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 28.48% Basic Materials 15.29% Industrials 14.27% Technology 12.18% Consumer Cyclical 8.25% Consumer Defensive 6.65% Real Estate 4.64% Energy 2.83% Communication Services 2.07% Utility 1.86% Health Care 1.85% Asset Allocation
Asset Class Value Cash 1.62% Equity 98.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK4% ₹562 Cr 4,382,100 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 23 | MCX4% ₹498 Cr 798,650 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK4% ₹477 Cr 2,691,300 KEC International Ltd (Industrials)
Equity, Since 28 Feb 17 | 5327143% ₹466 Cr 3,887,970 Tech Mahindra Ltd (Technology)
Equity, Since 30 Nov 21 | 5327553% ₹390 Cr 2,284,900 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | FEDERALBNK2% ₹321 Cr 16,063,900 Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY2% ₹320 Cr 1,702,400
↑ 145,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE2% ₹307 Cr 2,522,806 GE Vernova T&D India Ltd (Industrials)
Equity, Since 30 Apr 23 | 5222752% ₹306 Cr 1,472,899 Paradeep Phosphates Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5435302% ₹296 Cr 26,832,297 5. L&T Emerging Businesses Fund
CAGR/Annualized return of 20% since its launch. Ranked 2 in Small Cap category. Return for 2024 was 28.5% , 2023 was 46.1% and 2022 was 1% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (21 Feb 25) ₹71.6233 ↓ -0.47 (-0.65 %) Net Assets (Cr) ₹17,386 on 31 Dec 24 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.73 Sharpe Ratio 1.32 Information Ratio 0.19 Alpha Ratio 3.87 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 Jan 20 ₹10,000 31 Jan 21 ₹11,113 31 Jan 22 ₹19,683 31 Jan 23 ₹19,960 31 Jan 24 ₹30,763 31 Jan 25 ₹33,089 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -11.5% 3 Month -14.4% 6 Month -17.2% 1 Year -0.3% 3 Year 18.4% 5 Year 25.2% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.5% 2022 46.1% 2021 1% 2020 77.4% 2019 15.5% 2018 -8.1% 2017 -13.7% 2016 66.5% 2015 10.2% 2014 12.3% Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 5.13 Yr. Cheenu Gupta 1 Oct 23 1.34 Yr. Sonal Gupta 1 Oct 23 1.34 Yr. Data below for L&T Emerging Businesses Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Industrials 30.48% Consumer Cyclical 16.51% Financial Services 14.26% Technology 10.64% Basic Materials 10.36% Real Estate 5.3% Health Care 4.2% Consumer Defensive 3.21% Energy 1.5% Asset Allocation
Asset Class Value Cash 1.16% Equity 98.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹470 Cr 455,400 BSE Ltd (Financial Services)
Equity, Since 29 Feb 24 | BSE3% ₹454 Cr 852,600
↓ -31,900 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Jul 20 | DIXON2% ₹427 Cr 238,273 Neuland Laboratories Limited
Equity, Since 31 Jan 24 | -2% ₹410 Cr 299,000
↑ 17,978 Aditya Birla Real Estate Ltd (Basic Materials)
Equity, Since 30 Sep 22 | 5000402% ₹403 Cr 1,607,279 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Jan 19 | TECHNOE2% ₹388 Cr 2,473,042 Kirloskar Pneumatic Co Ltd (Industrials)
Equity, Since 31 Aug 22 | 5052832% ₹376 Cr 2,444,924 KFin Technologies Ltd (Technology)
Equity, Since 31 Aug 24 | KFINTECH2% ₹374 Cr 2,429,736
↑ 139,336 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | 5002512% ₹338 Cr 474,400
↓ -63,150 Time Technoplast Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | TIMETECHNO2% ₹336 Cr 6,810,500
↑ 656,671 6. BNP Paribas Multi Cap Fund
CAGR/Annualized return of 12.9% since its launch. Ranked 18 in Multi Cap category. . BNP Paribas Multi Cap Fund
Growth Launch Date 15 Sep 05 NAV (13 Mar 22) ₹73.5154 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹588 on 31 Jan 22 Category Equity - Multi Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹10,635 31 Jan 22 ₹14,893 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -4.4% 3 Month -4.6% 6 Month -2.6% 1 Year 19.3% 3 Year 17.3% 5 Year 13.6% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 7. L&T Tax Advantage Fund
CAGR/Annualized return of 13.9% since its launch. Ranked 7 in ELSS category. Return for 2024 was 33% , 2023 was 28.4% and 2022 was -3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (21 Feb 25) ₹119.248 ↓ -0.74 (-0.62 %) Net Assets (Cr) ₹3,977 on 31 Jan 25 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 0.78 Information Ratio 0.4 Alpha Ratio 7.82 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹10,891 31 Jan 22 ₹14,189 31 Jan 23 ₹13,864 31 Jan 24 ₹18,804 31 Jan 25 ₹22,369 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -5.3% 3 Month -7.4% 6 Month -10.8% 1 Year 12% 3 Year 15.9% 5 Year 16.1% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 33% 2022 28.4% 2021 -3% 2020 30.3% 2019 13.5% 2018 4.6% 2017 -8.1% 2016 42.3% 2015 8.1% 2014 2.9% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 26 Nov 22 2.19 Yr. Sonal Gupta 21 Jul 21 3.54 Yr. Abhishek Gupta 1 Mar 24 0.92 Yr. Data below for L&T Tax Advantage Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 22.5% Consumer Cyclical 19.98% Industrials 19.14% Technology 11.37% Basic Materials 6.39% Health Care 5.93% Energy 3.66% Utility 3.27% Consumer Defensive 3.14% Communication Services 1.72% Real Estate 1.66% Asset Allocation
Asset Class Value Cash 1.25% Equity 98.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹206 Cr 1,162,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK3% ₹148 Cr 1,155,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹146 Cr 774,900 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹116 Cr 951,812 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT3% ₹109 Cr 301,450 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT2% ₹103 Cr 160,000 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 5002512% ₹92 Cr 128,900 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433202% ₹88 Cr 3,150,000 Transformers & Rectifiers (India) Ltd (Industrials)
Equity, Since 31 Jan 24 | TARIL2% ₹79 Cr 693,228
↓ -97,772 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN2% ₹78 Cr 984,432 8. UTI Regular Savings Fund
CAGR/Annualized return of 9.3% since its launch. Ranked 10 in Hybrid Debt category. Return for 2024 was 11.6% , 2023 was 11.3% and 2022 was 3.3% . UTI Regular Savings Fund
Growth Launch Date 16 Dec 03 NAV (21 Feb 25) ₹66.0253 ↓ -0.08 (-0.13 %) Net Assets (Cr) ₹1,633 on 31 Jan 25 Category Hybrid - Hybrid Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.81 Sharpe Ratio 0.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹11,128 31 Jan 22 ₹12,671 31 Jan 23 ₹13,048 31 Jan 24 ₹14,644 31 Jan 25 ₹16,221 Returns for UTI Regular Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -0.1% 3 Month 0.1% 6 Month 0.3% 1 Year 9% 3 Year 8.5% 5 Year 10.2% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 11.6% 2022 11.3% 2021 3.3% 2020 13.2% 2019 10.2% 2018 2.8% 2017 3.4% 2016 12.5% 2015 8.9% 2014 7.1% Fund Manager information for UTI Regular Savings Fund
Name Since Tenure Amit Premchandani 8 Jan 22 3.07 Yr. Jaydeep Bhowal 17 Apr 23 1.8 Yr. Data below for UTI Regular Savings Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 3.73% Equity 23.1% Debt 72.91% Other 0.27% Equity Sector Allocation
Sector Value Financial Services 7.55% Consumer Cyclical 2.77% Technology 2.73% Basic Materials 2.33% Health Care 2.16% Communication Services 1.42% Energy 1.2% Industrials 1.13% Consumer Defensive 0.85% Utility 0.62% Real Estate 0.33% Debt Sector Allocation
Sector Value Government 49.72% Corporate 23.19% Cash Equivalent 3.73% Credit Quality
Rating Value AA 2.1% AAA 97.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -14% ₹231 Cr 2,250,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -10% ₹164 Cr 1,600,000,000
↓ -400,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -9% ₹153 Cr 1,500,000,000 Rural Electrification Corporation Limited
Debentures | -5% ₹77 Cr 7,500 Power Finance Corporation Ltd.
Debentures | -5% ₹76 Cr 7,500 7.34% Govt Stock 2064
Sovereign Bonds | -4% ₹73 Cr 700,000,000 7.23% Govt Stock 2039
Sovereign Bonds | -3% ₹52 Cr 500,000,000 HDFC Bank Limited
Debentures | -3% ₹51 Cr 5,000 LIC Housing Finance Limited
Debentures | -3% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹50 Cr 5,000 9. Sundaram Mid Cap Fund
CAGR/Annualized return of 23.6% 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 (21 Feb 25) ₹1,190.03 ↓ -14.40 (-1.20 %) Net Assets (Cr) ₹11,638 on 31 Jan 25 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.73 Information Ratio 0.2 Alpha Ratio 5.98 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 Jan 20 ₹10,000 31 Jan 21 ₹10,656 31 Jan 22 ₹14,416 31 Jan 23 ₹14,878 31 Jan 24 ₹22,096 31 Jan 25 ₹26,124 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month -6.5% 3 Month -9.6% 6 Month -12.4% 1 Year 8.8% 3 Year 20.8% 5 Year 19% 10 Year 15 Year Since launch 23.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 32% 2022 40.4% 2021 4.8% 2020 37.5% 2019 11.8% 2018 -0.3% 2017 -15.4% 2016 40.8% 2015 11.3% 2014 11.2% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 3.94 Yr. Ratish Varier 24 Feb 21 3.94 Yr. Data below for Sundaram Mid Cap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 19.29% Consumer Cyclical 18.76% Industrials 15.94% Health Care 11.01% Basic Materials 8.84% Technology 6.63% Consumer Defensive 3.71% Real Estate 3.39% Communication Services 3.14% Utility 1.99% Energy 1.57% Asset Allocation
Asset Class Value Cash 5.73% Equity 94.27% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL4% ₹461 Cr 6,016,821
↓ -74,341 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | 5004803% ₹404 Cr 1,233,900
↑ 4,682 Sundaram Liquid Dir Gr
Investment Fund | -3% ₹402 Cr 1,789,035
↑ 439,026 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK3% ₹385 Cr 19,247,362
↓ -764,035 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 06 | 5002513% ₹356 Cr 500,408
↓ -17,368 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | 5063953% ₹328 Cr 1,747,182 Lupin Ltd (Healthcare)
Equity, Since 31 Jan 23 | 5002573% ₹327 Cr 1,388,200 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 Jan 22 | OBEROIRLTY3% ₹321 Cr 1,389,543 Persistent Systems Ltd (Technology)
Equity, Since 30 Apr 22 | PERSISTENT2% ₹313 Cr 484,892 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | 5328432% ₹286 Cr 3,977,349
↓ -566,282 10. UTI Money Market Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 23 in Money Market category. Return for 2024 was 7.7% , 2023 was 7.4% and 2022 was 4.9% . UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (21 Feb 25) ₹2,994.48 ↑ 0.59 (0.02 %) Net Assets (Cr) ₹17,810 on 31 Jan 25 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.27 Sharpe Ratio 3.51 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 6 Months 1 Day Modified Duration 6 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹10,575 31 Jan 22 ₹10,985 31 Jan 23 ₹11,550 31 Jan 24 ₹12,419 31 Jan 25 ₹13,375 Returns for UTI Money Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 25 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.7% 1 Year 7.7% 3 Year 6.8% 5 Year 6% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.7% 2022 7.4% 2021 4.9% 2020 3.7% 2019 6% 2018 8% 2017 7.8% 2016 6.7% 2015 7.7% 2014 8.4% Fund Manager information for UTI Money Market Fund
Name Since Tenure Anurag Mittal 1 Dec 21 3.17 Yr. Amit Sharma 7 Jul 17 7.58 Yr. Data below for UTI Money Market Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 96.29% Debt 3.47% Other 0.24% Debt Sector Allocation
Sector Value Cash Equivalent 73.47% Corporate 24% Government 2.3% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 18102024
Sovereign Bonds | -6% ₹1,026 Cr 10,350,000,000 182 D Tbill Mat - 14/02/2025
Sovereign Bonds | -2% ₹298 Cr 3,000,000,000 182 DTB 27062025
Sovereign Bonds | -1% ₹194 Cr 2,000,000,000
↑ 2,000,000,000 Cd - Union Bank Of India - 02/04/25
Debentures | -1% ₹172 Cr 1,750,000,000
↓ -250,000,000 India (Republic of)
- | -1% ₹172 Cr 1,750,000,000 Axis Bank Ltd.
Debentures | -1% ₹141 Cr 1,500,000,000 08.09 Ts SDL 2025
Sovereign Bonds | -1% ₹135 Cr 1,350,000,000 7.52% GJ Sdl 08/03/2025
Sovereign Bonds | -1% ₹100 Cr 1,000,000,000 08.08 CG Sdl 2025
Sovereign Bonds | -1% ₹100 Cr 1,000,000,000 HDFC Bank Ltd.
Debentures | -0% ₹71 Cr 750,000,000
↓ -250,000,000
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