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

INVEST VIA NRE/NRO

JM Short Duration Fund Growth for NRI [11.50]

Min Investment

1,000

Fund Size

125.65 Cr

Expense Ratio

1.1%

Exit Load

0%

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

11.50

0.06%

NAV as on 09 Dec 24, 12:00 AM

moderate risk

short duration

debt

NAV as on 09 Dec 24, 12:00 AM

moderate risk

short duration

debt

7.46%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 125.65 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 7.5% 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

7.96%

HDFC Bank Limited

7.10%

7.32% Govt Stock 2030

6.46%

LIC Housing Finance Limited

6.33%

7.37% Govt Stock 2028

6.04%

Small Industries Development Bank Of India

5.95%

7.17% Govt Stock 2030

5.60%

Sikka Ports & Terminals Limited

4.67%

7.1% Govt Stock 2029

3.99%

Rural Electrification Corporation Limited

3.98%

Fund Managers

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

Key Information

View Scheme Document

JM Short 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 Short 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 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

Frequently Asked Questions