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
₹2424.68
0.02%
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 29 Jul 23, 12:00 AM
low to moderate risk
ultra short duration
debt
6.39%p.a.
Last 1Y
4.79%p.a.
Last 3Y
5.49%p.a.
Last 5Y
7.11%p.a.
Since Inception
About IDBI Ultra Short Term Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the IDBI Ultra Short Term Growth scheme from IDBI Asset Management Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Sep 2010, IDBI Ultra Short Term Growth is Ultra Short Duration fund of its category with 143.9 Cr fund under management as on Jul 2023. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- IDBI Ultra Short Term Growth delivered 6.4% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- IDBI Ultra Short Term 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 objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 5 Holdings
364 DTB 12102023
17.10%
India (Republic of)
16.88%
India (Republic of)
16.37%
91 DTB 10082023
6.92%
Udaipur Cement Wor
1.74%
Fund Managers
- Raju Sharma (Sep 2022 - Present)
Key Information
View Scheme Document
IDBI Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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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