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
₹1093.41
0.00%
NAV as on 16 Jan 25, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 16 Jan 25, 12:00 AM
moderate risk
ultra short duration
debt
7.28%p.a.
Last 1Y
5.80%p.a.
Last 3Y
5.05%p.a.
Last 5Y
5.02%p.a.
Since Inception
About LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl scheme from LIC Mutual Fund Asset Management Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Nov 2019, LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl is Ultra Short Duration fund of its category with 345.69 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl delivered 7.3% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Top 4 Holdings
National Bank For Agriculture And Rural Development
9.80%
182 DTB 15052025
1.80%
182 Days Tbill Red 23-05-2025
1.79%
SBI CDMDF--A2
0.27%
Fund Managers
- Rahul Singh (Nov 2019 - Present)
Key Information
View Scheme Document
LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl SIP Calculator
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NRI Mutual Fund Tax on LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl
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 LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl?
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 LIC MF Ultra Short Duration Fund Daily Reinvestment of Income Dis cum Cap Wdrl
- 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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