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
₹2454.04
0.01%
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
liquid
liquid
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
liquid
liquid
6.55%p.a.
Last 1Y
4.55%p.a.
Last 3Y
5.32%p.a.
Last 5Y
7.12%p.a.
Since Inception
About IDBI Liquid Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the IDBI Liquid Growth scheme from IDBI Asset Management Limited. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Jul 2010, IDBI Liquid Growth is Liquid fund of its category with 526.83 Cr fund under management as on Jul 2023. The expense ratio of this fund is less than that of most other Fund category Liquid funds.
- IDBI Liquid Growth delivered 6.5% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- IDBI Liquid Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 6 Holdings
Treps
40.74%
91 DTB 13072023
18.82%
91 DTB 10082023
17.01%
91 DTB 20072023
14.23%
91 DTB 03082023
9.46%
Net Receivable / Payable
0.25%
Fund Managers
- Raju Sharma (May 2017 - Present)
Key Information
View Scheme Document
IDBI Liquid Growth SIP Calculator
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
NRI Mutual Fund Tax on IDBI Liquid 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 IDBI Liquid 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 IDBI Liquid 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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