NRI from all over the world (including 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
₹3415.07
0.02%
NAV as on 18 Dec 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 18 Dec 24, 12:00 AM
low to moderate risk
low duration
debt
7.21%p.a.
Last 1Y
5.93%p.a.
Last 3Y
5.80%p.a.
Last 5Y
7.16%p.a.
Since Inception
About Nippon India Low Duration Fund Retail Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Nippon India Low Duration Fund Retail Growth scheme from Nippon Life India Asset Management Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Mar 2007, Nippon India Low Duration Fund Retail Growth is Low Duration fund of its category with 9,003.76 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Nippon India Low Duration Fund Retail Growth delivered 7.2% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
- Nippon India Low Duration Fund Retail 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 optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
Top 10 Holdings
National Bank For Agriculture And Rural Development
2.61%
Shriram Finance Limited
2.41%
Indinfravit Trust
1.86%
Highways Infrastructure Trust
1.83%
NAOMI 05 2024
1.75%
Bharti Telecom Limited 8.65%
1.72%
Rural Electrification Corporation Limited
1.71%
Small Industries Development Bank Of India
1.66%
India Grid Trust
1.61%
Hinduja Leyland Finance Limited
1.60%
Fund Managers
- Vivek Sharma (Feb 2020 - Present)
- Kinjal Desai (May 2018 - Present)
Key Information
View Scheme Document
Nippon India Low Duration Fund Retail Growth SIP Calculator
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NRI Mutual Fund Tax on Nippon India Low Duration Fund Retail 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 Nippon India Low Duration Fund Retail 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 Nippon India Low Duration Fund Retail 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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