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
₹58.65
-0.18%
NAV as on 17 Nov 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 17 Nov 24, 12:00 AM
moderate risk
medium to long duration
debt
8.37%p.a.
Last 1Y
4.75%p.a.
Last 3Y
5.15%p.a.
Last 5Y
6.16%p.a.
Since Inception
About JM Medium to Long Dur Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the JM Medium to Long Dur Fund - Growth scheme from JM Financial Asset Management Limited. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Apr 1995, JM Medium to Long Dur Fund - Growth is Medium to Long Duration fund of its category with 27.7 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- JM Medium to Long Dur Fund - Growth delivered 8.4% annual returns during the last year. It has delivered 6.2% average annual returns since the fund was launched.
- JM Medium to Long Dur 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 through investment in debt instruments and related securities besides preservation of capital.
Top 6 Holdings
7.18% Govt Stock 2037
39.47%
7.1% Govt Stock 2034
33.86%
7.37% Govt Stock 2028
7.15%
7.23% Govt Stock 2039
1.81%
7.18% Govt Stock 2033
1.79%
Corporate Debt Market Development Fund - Class A2 Units
0.22%
Fund Managers
- Gurvinder Wasan (Apr 2022 - Present)
- Naghma Khoja (Apr 2024 - Present)
- Ruchi Fozdar (Apr 2024 - Present)
Key Information
View Scheme Document
JM Medium to Long Dur Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on JM Medium to Long Dur 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 Medium to Long Dur 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 Medium to Long Dur 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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