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
₹24.01
0.02%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
short duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
short duration
debt
5.70%p.a.
Last 1Y
11.75%p.a.
Last 3Y
3.52%p.a.
Last 5Y
5.89%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Bank of India Short Term Income Fund Growth scheme from Bank of India Investment Managers Private Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Dec 2008, Bank of India Short Term Income Fund Growth is Short Duration fund of its category with 71.73 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.
7.26% Govt Stock 2033
22.42%
7.38% Govt Stock 2027
11.93%
Power Finance Corporation Limited
11.14%
National Bank For Agriculture And Rural Development
8.32%
Rural Electrification Corporation Limited
5.61%
7.18% Govt Stock 2033
4.18%
Power Grid Corporation Of India Limited
2.76%
India (Republic of)
2.18%
Reliance Jio Infocomm Limited
1.34%
Corporate Debt Market Development Fund
0.32%
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
5.8%
moderate risk | debt
4.8%
moderate risk | debt
5.4%