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
₹23.84
0.00%
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
short duration
debt
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
short duration
debt
6.21%p.a.
Last 1Y
7.25%p.a.
Last 3Y
6.30%p.a.
Last 5Y
7.30%p.a.
Since Inception
About IDBI Short Term Bond Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the IDBI Short Term Bond Growth scheme from IDBI Asset Management Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Mar 2011, IDBI Short Term Bond Growth is Short Duration fund of its category with 25.49 Cr fund under management as on Jul 2023. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- IDBI Short Term Bond Growth delivered 6.2% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- IDBI Short Term Bond 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 investment objective of the Scheme is to provide investors with regular income by investing in debt and money market instruments, such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 3 Holdings
India (Republic of)
55.44%
Rec Limited
10.20%
7.06% Govt Stock 2028
9.80%
Fund Managers
- Raju Sharma (Sep 2022 - Present)
Key Information
View Scheme Document
IDBI Short Term Bond 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 Short Term Bond 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 Short Term Bond 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 Short Term Bond 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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