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
₹14.40
0.02%
NAV as on 16 Oct 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 16 Oct 24, 12:00 AM
low to moderate risk
ultra short duration
debt
7.39%p.a.
Last 1Y
6.03%p.a.
Last 3Y
5.70%p.a.
Last 5Y
6.19%p.a.
Since Inception
About HDFC Ultra S/T Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HDFC Ultra S/T Fund Growth scheme from HDFC 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 Sep 2018, HDFC Ultra S/T Fund Growth is Ultra Short Duration fund of its category with 13,675.51 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- HDFC Ultra S/T Fund Growth delivered 7.4% annual returns during the last year. It has delivered 6.2% average annual returns since the fund was launched.
- HDFC Ultra S/T Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The fund seeks to generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
National Bank For Agriculture And Rural Development
4.21%
Embassy Office Parks Reit
3.51%
John Deere Financial India Private Limited
2.19%
Power Finance Corporation Limited
1.74%
AU Small Finance Bank Ltd.
1.70%
LIC Housing Finance Ltd
1.46%
182 DTB 30012025
1.43%
182 DTB 27022025
1.42%
Bharti Telecom Limited
1.35%
Power Finance Corporation Limited
1.30%
Fund Managers
- Anil Bamboli (Sep 2018 - Present)
- Praveen Jain (Aug 2024 - Present)
- Dhruv Muchhal (Jun 2023 - Present)
Key Information
View Scheme Document
HDFC Ultra S/T Fund Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on HDFC Ultra S/T Fund 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 HDFC Ultra S/T Fund 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 HDFC Ultra S/T Fund 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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