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
₹3141.55
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
ultra short duration
debt
6.87%p.a.
Last 1Y
5.00%p.a.
Last 3Y
5.11%p.a.
Last 5Y
6.66%p.a.
Since Inception
About DSP Ultra Short Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Ultra Short Fund Plan Growth scheme from DSP Asset Managers Private Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jul 2006, DSP Ultra Short Fund Plan Growth is Ultra Short Duration fund of its category with 2,377.39 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- DSP Ultra Short Fund Plan Growth delivered 6.9% annual returns during the last year. It has delivered 6.7% average annual returns since the fund was launched.
- DSP Ultra Short 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
An Open ended income Scheme, seeking to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
7.35% Govt Stock 2024
3.36%
182 DTB 25072024
3.10%
Bank of Baroda
2.97%
Bajaj Housing Finance Limited
2.22%
LIC Housing Finance Ltd
2.20%
National Bank For Agriculture And Rural Development
2.17%
Kisetsu Saison Finance (India) Pvt Ltd.
2.07%
182 DTB 18072024
2.07%
Kotak Mahindra Bank Ltd.
2.04%
Punjab National Bank
1.99%
Fund Managers
- Kedar Karnik (Jul 2016 - Present)
- Karan Mundhra (May 2021 - Present)
Key Information
View Scheme Document
DSP Ultra Short Fund Plan Growth SIP Calculator
If invested
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For a period of
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NRI Mutual Fund Tax on DSP Ultra Short 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 DSP Ultra Short 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 DSP Ultra Short 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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