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
₹11.50
0.00%
NAV as on 17 Dec 24, 12:00 AM
moderate risk
short duration
debt
NAV as on 17 Dec 24, 12:00 AM
moderate risk
short duration
debt
7.13%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.26%p.a.
Since Inception
About JM Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the JM Short Duration Fund Growth scheme from JM Financial Asset Management Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Aug 2022, JM Short Duration Fund Growth is Short Duration fund of its category with 124 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- JM Short Duration Fund Growth delivered 7.1% annual returns during the last year. It has delivered 6.3% average annual returns since the fund was launched.
- JM Short 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
The Scheme will endeavor to generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments.
Top 10 Holdings
7.04% Govt Stock 2029
12.17%
HDFC Bank Limited
7.19%
7.32% Govt Stock 2030
6.58%
LIC Housing Finance Limited
6.41%
7.37% Govt Stock 2028
6.14%
Small Industries Development Bank Of India
6.02%
7.17% Govt Stock 2030
5.71%
Sikka Ports & Terminals Limited
4.74%
Power Finance Corp Ltd.
4.03%
Rural Electrification Corporation Limited
4.03%
Fund Managers
- Gurvinder Wasan (Aug 2022 - Present)
- Naghma Khoja (Apr 2024 - Present)
- Ruchi Fozdar (Apr 2024 - Present)
Key Information
View Scheme Document
JM Short Duration Fund Growth SIP Calculator
If invested
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For a period of
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NRI Mutual Fund Tax on JM Short 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 Short 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 Short 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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Frequently Asked Questions
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