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
₹14.31
0.01%
NAV as on 01 May 24, 12:00 AM
low to moderate risk
short duration
debt
NAV as on 01 May 24, 12:00 AM
low to moderate risk
short duration
debt
6.09%p.a.
Last 1Y
4.64%p.a.
Last 3Y
5.90%p.a.
Last 5Y
6.06%p.a.
Since Inception
About Mirae Asset Short Duration Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Short Duration Growth 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 Growth is Short Duration fund of its category with 335.66 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- Mirae Asset Short Duration Growth delivered 6.1% annual returns during the last year. It has delivered 6.1% average annual returns since the fund was launched.
- Mirae Asset Short Duration 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 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
7.06% Govt Stock 2028
7.53%
7.18% Govt Stock 2033
4.65%
Small Industries Development Bank Of India
4.33%
Muthoot Finance Limited
4.33%
Pipeline Infrastructure Ltd. 7.96%
3.80%
Bajaj Housing Finance Limited
3.77%
Bharti Telecom Limited
3.63%
Jamnagar Utilities And Power Private Limited
2.92%
Bharti Telecom Limited
2.91%
Motilal Oswal Finvest Limited
2.91%
Fund Managers
- Basant Bafna (Jan 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Short Duration Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Short Duration 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 Short Duration 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 Short Duration 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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