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
₹34.44
-0.02%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
short duration
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
short duration
debt
7.79%p.a.
Last 1Y
5.73%p.a.
Last 3Y
6.02%p.a.
Last 5Y
7.40%p.a.
Since Inception
About SBI Short Term Debt Fund Retail Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Short Term Debt Fund Retail Plan Growth scheme from SBI Funds Management Ltd. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Jul 2007, SBI Short Term Debt Fund Retail Plan Growth is Short Duration fund of its category with 13,303.37 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- SBI Short Term Debt Fund Retail Plan Growth delivered 7.8% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- SBI Short Term Debt Fund Retail 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 an opportunity to generate regular income through investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.
Top 10 Holdings
7.1% Govt Stock 2034
11.28%
7.18% Govt Stock 2033
5.68%
L&T Metro Rail (Hyderabad) Limited
4.46%
7.32% Govt Stock 2030
3.85%
National Bank For Agriculture And Rural Development
3.78%
Power Finance Corporation Ltd.
3.40%
Tata Communications Limited
3.01%
Jamnagar Utilities And Power Private Limited
2.96%
National Bank For Agriculture And Rural Development
2.51%
Mindspace Business Parks Reit
2.27%
Fund Managers
- Rajeev Radhakrishnan (Jun 2008 - Present)
- Mansi Sajeja (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Short Term Debt Fund Retail Plan Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Short Term Debt Fund Retail 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 Short Term Debt Fund Retail 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 Short Term Debt Fund Retail 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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