NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹14.17
0.05%
NAV as on 09 Dec 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 09 Dec 24, 12:00 AM
moderate risk
ultra short duration
debt
7.06%p.a.
Last 1Y
5.83%p.a.
Last 3Y
5.21%p.a.
Last 5Y
5.73%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Axis Ultra Short Duration Fund Growth scheme from Axis Asset Management Company Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Sep 2018, Axis Ultra Short Duration Fund Growth is Ultra Short Duration fund of its category with 6,235.93 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.
Bharti Telecom Limited
3.21%
Power Finance Corporation Limited
2.40%
LIC Housing Finance Ltd
2.38%
ICICI Home Finance Company Limited
1.76%
08.36 MH Sdl 2026
1.65%
India Infradebt Limited
1.60%
Shriram Transport Finance Company Limited
1.60%
ICICI Bank Ltd.
1.57%
INDIA UNIVERSAL TRUST AL1
1.53%
Indostar Capital Finance Limited
1.36%
View Scheme Document
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
---|---|---|
Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
6.5%
moderate risk | debt
6.5%
moderate risk | debt
6.2%