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
₹5741.14
0.06%
NAV as on 16 Dec 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 16 Dec 24, 12:00 AM
moderate risk
ultra short duration
debt
7.44%p.a.
Last 1Y
6.22%p.a.
Last 3Y
5.59%p.a.
Last 5Y
7.06%p.a.
Since Inception
About SBI Magnum Ultra Short Duration Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Ultra Short Duration Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on May 1999, SBI Magnum Ultra Short Duration Fund Plan Growth is Ultra Short Duration fund of its category with 12,426.01 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- SBI Magnum Ultra Short Duration Fund Plan Growth delivered 7.4% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- SBI Magnum Ultra Short Duration Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Top 10 Holdings
7.3% Govt Stock 2028
9.12%
LIC Housing Finance Ltd
3.99%
National Bank For Agriculture And Rural Development
3.38%
India Universal Trust Al1
3.22%
Power Finance Corporation Limited
3.09%
Hdb Financial Services Limited
2.78%
Larsen & Toubro Ltd.
2.41%
National Bank For Agriculture And Rural Development
2.41%
Rec Limited
1.94%
182 DTB 020125
1.80%
Fund Managers
- Arun R. (Jun 2021 - Present)
- Ardhendu Bhattacharya (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Ultra Short Duration Fund Plan Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Ultra Short Duration Fund Plan 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 SBI Magnum Ultra Short Duration Fund Plan 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 Magnum Ultra Short Duration Fund Plan 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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