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
₹2483.59
0.01%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
ultra short duration
debt
7.14%p.a.
Last 1Y
5.15%p.a.
Last 3Y
5.30%p.a.
Last 5Y
7.06%p.a.
Since Inception
About Invesco India Ultra Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Invesco India Ultra Short Duration Fund Growth scheme from Invesco Asset Management (India) Private Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Dec 2010, Invesco India Ultra Short Duration Fund Growth is Ultra Short Duration fund of its category with 614.38 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Invesco India Ultra Short Duration Fund Growth delivered 7.1% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- Invesco India Ultra Short Duration Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To primarily generate accrual income by investing in a portfolio of short term Money Market and Debt Instruments.
Top 10 Holdings
India (Republic of)
5.84%
Power Grid Corporation Of India Limited
4.31%
Jamnagar Utilities & Power Private Limited
4.31%
National Bank For Agriculture And Rural Development
4.26%
182 DTB 22082024
4.18%
Kotak Mahindra Bank Ltd.
4.15%
Bharti Hexacom Limited
3.42%
LIC Housing Finance Ltd
3.42%
PNb Housing Finance Limited
2.57%
The Tata Power Company Limited
2.57%
Fund Managers
- Krishna Cheemalapati (Jan 2020 - Present)
- Vikas Garg (Jul 2021 - Present)
Key Information
View Scheme Document
Invesco India Ultra Short Duration Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Invesco India Ultra Short Duration Fund 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 Invesco India Ultra Short Duration Fund 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 Invesco India Ultra Short Duration Fund 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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