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
₹35.34
0.01%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
low duration
debt
7.30%p.a.
Last 1Y
5.85%p.a.
Last 3Y
9.21%p.a.
Last 5Y
7.21%p.a.
Since Inception
About JM Low Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the JM Low Duration Fund Growth scheme from JM Financial Asset Management Limited. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Sep 2006, JM Low Duration Fund Growth is Low Duration fund of its category with 225.71 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- JM Low Duration Fund Growth delivered 7.3% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
- JM Low 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 generate stable long term returns with low risk strategy and capital appreciation/accretion besides preservation of capital through investments in Debt & Money Market instruments such that the Macaulay duration# of the portfolio is between 6 months - 12 months. 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
National Bank For Agriculture And Rural Development
8.81%
Larsen And Toubro Limited
6.65%
Power Finance Corporation Ltd.
6.62%
Cholamandalam Investment And Finance Company Limited
6.61%
7.37% Govt Stock 2028
4.97%
360 One Prime Limited
4.44%
Small Industries Development Bank Of India
4.43%
LIC Housing Finance Ltd
4.40%
Export Import Bank Of India
3.56%
Sikka Ports & Terminals Limited
3.06%
Fund Managers
- Gurvinder Wasan (Apr 2022 - Present)
- Naghma Khoja (Apr 2024 - Present)
- Ruchi Fozdar (Apr 2024 - Present)
Key Information
View Scheme Document
JM Low Duration Fund Growth SIP Calculator
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NRI Mutual Fund Tax on JM Low 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 JM Low 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 JM Low 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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6.0%
SBI Magnum Low Duration Fund Plan Growth
low to moderate risk | debt
5.9%
Frequently Asked Questions
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