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
₹15.10
0.41%
NAV as on 16 Jan 25, 12:00 AM
low to moderate risk
short duration
debt
NAV as on 16 Jan 25, 12:00 AM
low to moderate risk
short duration
debt
7.55%p.a.
Last 1Y
5.62%p.a.
Last 3Y
5.68%p.a.
Last 5Y
6.21%p.a.
Since Inception
About Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Mar 2018, Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal is Short Duration fund of its category with 365.39 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal delivered 7.5% annual returns during the last year. It has delivered 6.2% average annual returns since the fund was launched.
- Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal 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 through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 years.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
7.32% Govt Stock 2030
10.93%
6.79% Govt Stock 2034
4.85%
7.37% Govt Stock 2028
4.23%
7.1% Govt Stock 2034
2.82%
Indian Railway Finance Corporation Limited
2.77%
Rural Electrification Corporation Limited
2.77%
Ncd Small Industries Development Bank Of India
2.76%
Embassy Office Parks Reit
2.76%
National Bank For Agriculture And Rural Development
2.75%
Rec Limited 7.34%
2.69%
Fund Managers
- Basant Bafna (Jan 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal SIP Calculator
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
NRI Mutual Fund Tax on Mirae Asset Short Duration Reinvestment of Income Distribution cum capital withdrawal
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 Short Duration Reinvestment of Income Distribution cum capital withdrawal?
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 Short Duration Reinvestment of Income Distribution cum capital withdrawal
- 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
Similar Funds
Funds
3Y Return
SBI Short Term Debt Fund Retail Plan Growth
low to moderate risk | debt
6.0%
SBI Short Term Debt Fund Retail Fortnightly Payout of Income Distribution cum cap
low to moderate risk | debt
6.0%
SBI Short Term Debt Fund Growth
low to moderate risk | debt
6.0%
Frequently Asked Questions
Explore Other Mirae Funds
Funds
3Y Return
Mirae Asset Large Cap Fund Growth
very high risk | equity
11.6%
Mirae Asset Large Cap Fund Payout of Income Distribution cum capital withdrawal
very high risk | equity
11.3%
Mirae Asset Large Cap Fund Reinvestment of Income Distribution cum capital withdrawal
very high risk | equity
11.3%
Copyright | 2021 @ SBNRI | All Rights Reserved