NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

JM Liquid Fund Growth for NRI [68.18]

Min Investment

1,000

Fund Size

3,171.58 Cr

Expense Ratio

0.3%

Exit Load

0.007%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

68.18

0.02%

NAV as on 06 Nov 24, 12:00 AM

low to moderate risk

liquid

liquid

NAV as on 06 Nov 24, 12:00 AM

low to moderate risk

liquid

liquid

7.28%p.a.

Last 1Y

6.17%p.a.

Last 3Y

5.20%p.a.

Last 5Y

7.41%p.a.

Since Inception

About JM Liquid Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the JM Liquid Fund Growth scheme from JM Financial Asset Management Limited. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Dec 1997, JM Liquid Fund Growth is Liquid fund of its category with 3,171.58 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Liquid funds.

  • JM Liquid Fund Growth delivered 7.3% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
  • JM Liquid Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in liquid

Fund Objective

To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only. Investors are required to read all the scheme related information carefully and also note that there can be no assurance that the investment objectives of the scheme will be realized. The scheme does not guarantee/ indicate any returns.

Top 10 Holdings

Canara Bank Cd**

7.65%

Treps-Triparty Repo

6.04%

Hdfc Bank Ltd.Cd**

5.49%

Punjab National Bank Cd**

4.69%

Kotak Mahindra Bank.Cd**

3.90%

91 DTB 05122024

3.27%

Icici Bank Ltd.Cd**

3.13%

Bank Of Baroda Cd**

3.13%

Axis Bank Ltd.Cd**

3.13%

Sidbi Ltd.Cd**

3.13%

Fund Managers

  1. Gurvinder Wasan (Apr 2024 - Present)
  2. Naghma Khoja (Oct 2021 - Present)
  3. Ruchi Fozdar (Apr 2024 - Present)

Key Information

View Scheme Document

JM Liquid Fund Growth SIP Calculator

If invested

5,000

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 JM Liquid Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in JM Liquid 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 JM Liquid 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

Frequently Asked Questions