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
₹45.95
0.02%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
money market
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
money market
debt
7.44%p.a.
Last 1Y
5.55%p.a.
Last 3Y
5.90%p.a.
Last 5Y
7.10%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Franklin India Money Market Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Feb 2002, Franklin India Money Market Fund Growth is Money Market fund of its category with 1,445.96 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
364 DTB 05122024
7.72%
Punjab National Bank
6.09%
India (Republic of)
6.09%
Indian Bank
6.05%
Union Bank of India
4.55%
HDFC Bank Ltd.
3.04%
IDFC First Bank Ltd.
3.03%
Small Industries Development Bank of India
3.03%
Canara Bank
3.02%
India (Republic of)
1.53%
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
low to moderate risk | debt
5.8%
low to moderate risk | debt
4.5%
low to moderate risk | debt
5.3%