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
₹35.39
0.00%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
low duration
debt
6.93%p.a.
Last 1Y
5.23%p.a.
Last 3Y
5.89%p.a.
Last 5Y
7.16%p.a.
Since Inception
About Bandhan Low Duration Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bandhan Low Duration Fund Plan Growth scheme from Bandhan Asset Management Company Limited. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Jan 2006, Bandhan Low Duration Fund Plan Growth is Low Duration fund of its category with 5,077.1 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Bandhan Low Duration Fund Plan Growth delivered 6.9% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
- Bandhan Low Duration Fund Plan 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 Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.
Top 10 Holdings
182 DTB 25072024
6.69%
HDFC Bank Limited
5.35%
Bajaj Housing Finance Limited
4.16%
Small Industries Development Bank Of India
3.87%
National Bank For Agriculture And Rural Development
3.39%
Rural Electrification Corporation Limited
3.31%
National Bank For Agriculture And Rural Development
3.30%
National Bank For Agriculture And Rural Development
3.19%
Small Industries Development Bank Of India
3.19%
Rec Limited
2.62%
Fund Managers
- Harshal Joshi (Jul 2021 - Present)
- Sreejith Balasubramanian (Aug 2023 - Present)
Key Information
View Scheme Document
Bandhan Low Duration Fund Plan Growth SIP Calculator
If invested
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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 Bandhan Low Duration Fund Plan 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 Bandhan Low Duration Fund Plan 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 Bandhan Low Duration Fund Plan 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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