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
₹4326.31
0.02%
NAV as on 01 May 24, 12:00 AM
moderate risk
money market
debt
NAV as on 01 May 24, 12:00 AM
moderate risk
money market
debt
7.56%p.a.
Last 1Y
5.79%p.a.
Last 3Y
6.05%p.a.
Last 5Y
6.70%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Tata Money Market Fund Growth scheme from Tata Asset Management Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on May 2003, Tata Money Market Fund Growth is Money Market fund of its category with 17,990.31 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
The investment objective is to generate returns with reasonable liquidity to the unitholders by investing in money market instruments.
Punjab National Bank
3.94%
India (Republic of)
3.84%
LIC Housing Finance Ltd.
3.78%
HDFC Bank Ltd.
3.01%
Punjab & Sind Bank
2.60%
India (Republic of)
2.32%
India (Republic of)
2.16%
Union Bank of India
2.08%
Small Industries Development Bank of India
1.83%
HDFC Bank Ltd.
1.59%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
5.3%
moderate risk | debt
5.8%
moderate risk | liquid
5.8%