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

INVEST VIA NRE/NRO

JM Low Duration Fund Growth for NRI [35.52]

Min Investment

1,000

Fund Size

232.88 Cr

Expense Ratio

0.7%

Exit Load

0%

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

35.52

0.04%

NAV as on 09 Dec 24, 12:00 AM

low to moderate risk

low duration

debt

NAV as on 09 Dec 24, 12:00 AM

low to moderate risk

low duration

debt

7.43%p.a.

Last 1Y

5.94%p.a.

Last 3Y

9.25%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 232.88 Cr fund under management as on Dec 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 7.4% 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

8.55%

Larsen And Toubro Limited

6.44%

Cholamandalam Investment And Finance Company Limited

6.42%

Power Finance Corporation Ltd.

6.41%

7.37% Govt Stock 2028

4.82%

360 One Prime Limited

4.30%

Small Industries Development Bank Of India

4.30%

Godrej Industries Limited

4.27%

LIC Housing Finance Ltd

4.27%

Export Import Bank Of India

3.45%

Fund Managers

  1. Gurvinder Wasan (Apr 2022 - Present)
  2. Naghma Khoja (Apr 2024 - Present)
  3. Ruchi Fozdar (Apr 2024 - Present)

Key Information

View Scheme Document

JM Low Duration 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 Low Duration 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 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

Frequently Asked Questions