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
₹2079.69
0.03%
NAV as on 16 May 24, 12:00 AM
moderate risk
low duration
debt
NAV as on 16 May 24, 12:00 AM
moderate risk
low duration
debt
6.81%p.a.
Last 1Y
5.09%p.a.
Last 3Y
5.18%p.a.
Last 5Y
4.62%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Low Duration Fund - Low Duration Plan Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Mar 2008, Mirae Asset Low Duration Fund - Low Duration Plan Growth is Low Duration fund of its category with 594.96 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.
India (Republic of)
4.10%
Punjab National Bank
3.98%
Power Finance Corporation Limited
3.35%
Indian Bank
3.15%
Embassy Office Parks Reit
3.00%
Ongc Petro Additions Limited
2.53%
Bajaj Housing Finance Limited
2.52%
Small Industries Development Bank Of India
2.52%
National Bank For Agriculture And Rural Development
2.50%
LIC Housing Finance Ltd
2.45%
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
moderate risk | debt
6.0%
moderate risk | debt
5.3%
moderate risk | debt
5.2%