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
₹3639.42
0.02%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
6.79%p.a.
Last 1Y
5.53%p.a.
Last 3Y
4.81%p.a.
Last 5Y
6.81%p.a.
Since Inception
About Canara Robeco Ultra Short Term Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Canara Robeco Ultra Short Term Fund Plan Growth scheme from Canara Robeco Asset Management Co. Ltd.. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jul 2008, Canara Robeco Ultra Short Term Fund Plan Growth is Ultra Short Duration fund of its category with 613.52 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Canara Robeco Ultra Short Term Fund Plan Growth delivered 6.8% annual returns during the last year. It has delivered 6.8% average annual returns since the fund was launched.
- Canara Robeco Ultra Short Term Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. However, there is no assurance that the objective of the Fund will be realised.
Top 10 Holdings
Power Finance Corporation Limited
7.31%
National Bank For Agriculture And Rural Development
6.81%
Kotak Mahindra Prime Limited
4.08%
Bajaj Finance Limited
4.08%
Bajaj Housing Finance Limited
4.08%
Sundaram Finance Limited
4.07%
364 DTB 05122024
4.06%
Indian Oil Corporation Limited
4.06%
Small Industries Development Bank Of India
4.05%
LIC Housing Finance Limited
4.04%
Fund Managers
- Avnish Jain (Apr 2022 - Present)
- Kunal Jain (Sep 2024 - Present)
Key Information
View Scheme Document
Canara Robeco Ultra Short Term Fund Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Canara Robeco Ultra Short Term Fund Plan Growth
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 |
How can NRIs invest in Canara Robeco Ultra Short Term Fund Plan Growth?
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:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Canara Robeco Ultra Short Term Fund Plan Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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