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
₹1248.22
0.02%
NAV as on 16 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 16 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
7.65%p.a.
Last 1Y
6.33%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.53%p.a.
Since Inception
About Mirae Asset Ultra Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Ultra Short Duration Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Oct 2020, Mirae Asset Ultra Short Duration Fund Growth is Ultra Short Duration fund of its category with 1,584.59 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Mirae Asset Ultra Short Duration Fund Growth delivered 7.7% annual returns during the last year. It has delivered 5.5% average annual returns since the fund was launched.
- Mirae Asset Ultra Short Duration Fund 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 generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.There is no assurance or guarantee that the investment objective of the scheme will be realized.
Top 10 Holdings
Rural Electrification Corporation Limited
5.06%
LIC Housing Finance Limited
3.14%
Small Industries Development Bank Of India
3.14%
National Bank For Agriculture And Rural Development
3.14%
National Bank For Agriculture And Rural Development
2.86%
182 DTB 28112024
2.83%
Ongc Petro Additions Limited
2.53%
364 DTB 28112024
2.20%
364 DTB 12122024
2.00%
HDFC Bank Limited
1.89%
Fund Managers
- Basant Bafna (Jan 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Ultra Short Duration Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Ultra Short Duration Fund 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 Ultra Short Duration Fund 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 Ultra Short Duration Fund 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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