NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Long Duration Fund Growth for NRI [11.91]

Min Investment

5,000

Fund Size

2,406.69 Cr

Expense Ratio

0.7%

Exit Load

0.25%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

11.91

-0.13%

NAV as on 13 Nov 24, 12:00 AM

moderately high risk

long duration

debt

NAV as on 13 Nov 24, 12:00 AM

moderately high risk

long duration

debt

12.29%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

9.65%p.a.

Since Inception

About SBI Long Duration Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Long Duration Fund Growth scheme from SBI Funds Management Ltd. It is a Long Duration mutual fund scheme that predominantly invests in Long Duration stocks of companies. Launched on Dec 2022, SBI Long Duration Fund Growth is Long Duration fund of its category with 2,406.69 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Long Duration funds.

  • SBI Long Duration Fund Growth delivered 12.3% annual returns during the last year. It has delivered 9.7% average annual returns since the fund was launched.
  • SBI Long 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 returns by investing in debt and money market instruments such that the Macaulay duration of the scheme portfolio is greater than 7 years. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Top 10 Holdings

7.3% Govt Stock 2053

51.46%

7.4% Govt Stock 2062

11.75%

6.8% Govt Stock 2060

10.72%

7.1% Govt Stock 2034

5.79%

7.36% Govt Stock 2052

5.72%

6.62% Govt Stock 2051

3.81%

7.09% Govt Stock 2054

2.88%

7.63% Govt Stock 2059

2.06%

7.19% Govt Stock 2060

0.97%

7.72% Govt Stock 2055

0.58%

Fund Managers

  1. Tejas Soman (Dec 2023 - Present)
  2. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Long Duration Fund Growth SIP Calculator

If invested

5,000

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 SBI Long Duration Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI Long 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 SBI Long 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

Frequently Asked Questions