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
₹1900.55
0.02%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
short duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
short duration
debt
5.21%p.a.
Last 1Y
3.78%p.a.
Last 3Y
4.08%p.a.
Last 5Y
6.25%p.a.
Since Inception
About Groww Short DurationFund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Short DurationFund Growth scheme from Groww Asset Management Ltd.. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Sep 2013, Groww Short DurationFund Growth is Short Duration fund of its category with 38.36 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- Groww Short DurationFund Growth delivered 5.2% annual returns during the last year. It has delivered 6.3% average annual returns since the fund was launched.
- Groww Short DurationFund 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 will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.
Top 10 Holdings
7.37% Govt Stock 2028
26.27%
08.07 Gj Sdl 2025mar
10.51%
07.65 MP Sdl 2027
7.36%
08.65 GJ Sdl 2028
5.46%
08.17 GJ Sdl 2028
4.03%
7.38% Govt Stock 2027
3.94%
07.69 KA Sdl 2027
2.63%
08.05 GJ Sdl 2025feb
2.63%
07.59 GJ Sdl 2027
2.62%
08.08 MH Sdl 2026
1.32%
Fund Managers
- Kaustubh Sule (May 2023 - Present)
Key Information
View Scheme Document
Groww Short DurationFund Growth SIP Calculator
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NRI Mutual Fund Tax on Groww Short DurationFund 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 Groww Short DurationFund 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 Groww Short DurationFund 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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