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
₹1266.62
0.02%
NAV as on 09 Dec 24, 12:00 AM
low risk
overnight
liquid
NAV as on 09 Dec 24, 12:00 AM
low risk
overnight
liquid
6.61%p.a.
Last 1Y
5.86%p.a.
Last 3Y
4.82%p.a.
Last 5Y
4.81%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the JM Overnight Fund Growth scheme from JM Financial Asset Management Limited. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Dec 2019, JM Overnight Fund Growth is Overnight fund of its category with 245.04 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document 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.
Treps-Triparty Repo
99.64%
Net Current Assets
0.36%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
low risk | liquid
5.8%
low risk | liquid
5.8%
low risk | liquid
5.9%