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
₹1116.85
-0.08%
NAV as on 16 Jan 25, 12:00 AM
moderate risk
low duration
debt
NAV as on 16 Jan 25, 12:00 AM
moderate risk
low duration
debt
6.52%p.a.
Last 1Y
5.79%p.a.
Last 3Y
5.18%p.a.
Last 5Y
5.52%p.a.
Since Inception
About Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl Wdrl scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Feb 2017, Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl Wdrl is Low Duration fund of its category with 572.72 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl Wdrl delivered 6.5% annual returns during the last year. It has delivered 5.5% average annual returns since the fund was launched.
- Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl 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 provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 10 Holdings
National Bank For Agriculture And Rural Development
6.08%
Godrej Properties Limited
4.71%
Shriram Finance Limited
4.39%
Tata Realty And Infrastructure Limited
4.37%
Small Industries Development Bank Of India
4.36%
Rural Electrification Corporation Limited
4.36%
360 One Prime Limited
4.21%
Axis Bank Ltd.
4.08%
Bharti Telecom Limited
3.51%
Rec Limited
3.49%
Fund Managers
- Rahul Pal (Feb 2017 - Present)
Key Information
View Scheme Document
Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl Wdrl SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl 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 Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl 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 Mahindra Manulife Low Duration Fund Monthly Reinvestment of Income Dis cum Cptl 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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