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
₹3306.97
0.01%
NAV as on 17 Nov 24, 12:00 AM
moderate risk
low duration
debt
NAV as on 17 Nov 24, 12:00 AM
moderate risk
low duration
debt
7.28%p.a.
Last 1Y
5.81%p.a.
Last 3Y
5.23%p.a.
Last 5Y
6.11%p.a.
Since Inception
About Sundaram Low Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Low Duration Fund Growth scheme from Sundaram Asset Management Company Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Sep 2004, Sundaram Low Duration Fund Growth is Low Duration fund of its category with 381.67 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- Sundaram Low Duration Fund Growth delivered 7.3% annual returns during the last year. It has delivered 6.1% average annual returns since the fund was launched.
- Sundaram Low 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
To provide a level of income consistent with liquidity through investments made primarily in money market and debt securities.
Top 10 Holdings
Power Finance Corporation Limited
6.30%
National Housing Bank
5.06%
Canfin Homes Limited
3.82%
LIC Housing Finance Ltd
3.48%
Bharti Telecom Limited
3.05%
7.38% Govt Stock 2027
2.57%
Shriram Finance Limited
2.53%
PNb Housing Finance Limited
2.53%
Rural Electrification Corporation Limited
2.53%
JM Financial Products Limited 8.92%
2.52%
Fund Managers
- Dwijendra Srivastava (Jan 2022 - Present)
- Sandeep Agarwal (May 2022 - Present)
Key Information
View Scheme Document
Sundaram Low Duration Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Sundaram Low 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 Sundaram Low 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 Sundaram Low 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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