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
₹2072.68
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
low duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
low duration
debt
6.81%p.a.
Last 1Y
5.01%p.a.
Last 3Y
5.18%p.a.
Last 5Y
4.60%p.a.
Since Inception
About Mirae Asset Low Duration Fund - Low Duration Plan Growth for NRIs
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 493.94 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Mirae Asset Low Duration Fund - Low Duration Plan Growth delivered 6.8% annual returns during the last year. It has delivered 4.6% average annual returns since the fund was launched.
- Mirae Asset Low Duration Fund - Low Duration Plan 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 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.
Top 10 Holdings
Punjab National Bank
3.98%
8.25% Govt Stock 2033
3.44%
Power Finance Corporation Limited
3.36%
Indian Bank
3.16%
Ongc Petro Additions Limited
2.53%
Small Industries Development Bank Of India
2.53%
Bajaj Housing Finance Limited
2.53%
National Bank For Agriculture And Rural Development
2.51%
Embassy Office Parks Reit
2.51%
National Bank For Agriculture And Rural Development
2.48%
Fund Managers
- Basant Bafna (Feb 2024 - Present)
Key Information
View Scheme Document
Mirae Asset Low Duration Fund - Low Duration Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Low Duration Fund - Low Duration Plan Growth
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 Mirae Asset Low Duration Fund - Low Duration Plan 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 Mirae Asset Low Duration Fund - Low Duration Plan 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
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Frequently Asked Questions
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