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
₹40.96
0.02%
NAV as on 09 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 09 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
7.17%p.a.
Last 1Y
6.00%p.a.
Last 3Y
5.47%p.a.
Last 5Y
7.22%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Kotak Savings Fund Growth scheme from Kotak Mahindra Asset Management Co Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Aug 2004, Kotak Savings Fund Growth is Ultra Short Duration fund of its category with 12,646.1 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
182 DTB 12122024
3.91%
364 Days T - Bill- 06/02/2025
3.10%
PTC - INDIA UNIVERSAL TRUST AL1-SERIES A1
3.06%
LIC Housing Finance Ltd
2.36%
Nirma Limited 0.083%
1.98%
IDFC First Bank Ltd.
1.93%
Bharti Telecom Limited
1.78%
182 DTB 23012025
1.55%
Small Industries Development Bank of India
1.54%
LIC Housing Finance Ltd
1.38%
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 to moderate risk | debt
6.1%
low to moderate risk | debt
5.7%
low to moderate risk | debt
5.7%