Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Let’s take a look at the top mutual funds to invest this year. Be it long-term, short-term, tax saving or your emergency needs. We have you covered.
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Sundaram Asset Management Company Ltd manages assets worth 31,935 crores and was set up on 26 February 1996. It’s current offering of mutual fund schemes includes 141 equity,182 debt and 36 hybrid funds.See top Sundaram Asset Management Company Ltd funds
Sundaram AMC was established in 1996. It is a fully owned subsidiary of NBFCs – Sundaram Finance Limited (SFL). With about 3.3 million investors and an overall 23 years of expertise in fund management it has become one of the largest financial institution in India.
Diversified
Top Ranked
₹ 1,346 Cr
Fund Size
11.3%
3Y returns
Liquid
Top Ranked
₹ 2,743 Cr
Fund Size
5.7%
3Y returns
Liquid
Top Ranked
₹ 2,743 Cr
Fund Size
5.7%
3Y returns
Corporate Bond
Top Ranked
₹ 1,240 Cr
Fund Size
9%
3Y returns
Liquid
Top Ranked
₹ 2,743 Cr
Fund Size
5.8%
3Y returns
NRI can invest in mutual funds in India as long as they adhere to the Foreign Exchange Act. However, mutual fund asset management companies in India accept only local currency, based on the fact that the NRI has to open an NRO or NRE account with an Indian bank. The investment can start once the account is activated whether as a direct investment or indirect through a power of attorney
Any mutual fund held by an investor remains unchanged after the change in the residential status of the investor. Once an investor becomes an NRI for India, he/ she must ensure to:
Lastly, many AMCs do not allow an NRI to purchase/ switch mutual funds. Hence it is important to update the KYC compliance.
In order to redeem Sundaram Mutual funds and withdraw money, you need to fill the redemption form and submit it. The easier option for NRI is to apply online through the Website and money will be transferred to the bank account linked to your registration.
Generally, an NRI is allowed to invest in mutual funds like Indian residents. However, for the USA and Canadian residents, there are few restrictions. There are only a few fund houses that accept investments from NRIs based in the US and Canada
Taxation for NRIs investing in Indian Mutual Funds is the same as taxation of resident Indians. The only difference is that for NRIs, there is a TDS of 15% for short term (< 1 year) and 10% for long term (> 1 year) in the case of Equities and a TDS of 30% for short term (< 3 years) and 20% post indexation benefit for long term (> 3 years) in case of Debt/Gold funds at the time of redemptions.
There are several investment options for NRI in India like the ones for Indian residents, some of those options are:
NRI is not allowed to hold bank savings accounts as this facility is available only to Indian Residents. NRI is entitled to hold a Non-resident Ordinary Account (NRO), Non-Resident External Account (NRE), or Foreign Currency Non-resident Account (FCNR)
You can check your Sundaram Mutual Fund balance online from Sundaram mutual fund website. Once you open the website click on the Investor corner and from the investor corner you can request a statement. You will have to verify your account by email address and provide some other details in order to generate the statement
Sundaram Mutual Fund announced changes in the Registrar & Transfer Agent as of 11 November 2019. The R&TA changed from Sundaram BNP Paribas Fund Services Limited to Karvy Fintech Private Limited for the schemes of Sundaram Mutual Fund
Sundaram Asset Management Company has over 20 years of experience in fund management and is fully owned by one of India’s oldest and most respected NBFCs – Sundaram Finance Limited. The Company was jointly promoted by Sundaram Finance Ltd and Stewart Newton Holdings (Mauritius) Ltd in 1996. It earned its reputation in the market by satisfying and fulfilling the needs of its customer by providing a huge variety of schemes to choose from. It also provides tax-saving schemes like Tax Saver- a long term investment growth fund that offers tax benefits and has a 3- year lock
Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.