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
₹1277.88
0.06%
NAV as on 16 Feb 26, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 16 Feb 26, 12:00 AM
low to moderate risk
ultra short duration
debt
6.02%p.a.
Last 1Y
6.32%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.25%p.a.
Since Inception
About ITI Ultra Short Duration Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ITI Ultra Short Duration Fund - Growth scheme from ITI Asset Management Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on May 2021, ITI Ultra Short Duration Fund - Growth is Ultra Short Duration fund of its category with 213.63 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- ITI Ultra Short Duration Fund - Growth delivered 6.0% annual returns during the last year. It has delivered 5.3% average annual returns since the fund was launched.
- ITI Ultra Short 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 regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
Net Receivables
0.40%
Repo/CBLO
37.48%
Power Grid Corporation of India Ltd SR-LII STRPP B Bonds 8.32 23/12/2025
7.38%
BHARAT PETROLEUM CORPORATION LTD. SR I 6.11 LOA 06JL25 FVRS10LAC
1.36%
REC LIMITED SR 204B 5.81 BD 31DC25 FVRS10LAC
8.63%
POWER FINANCE CORPORATION LTD. SR BS217B STRPP I 7.15 BD 08SP25 FVRS10LAC
2.94%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VII 7.47 BD 25NV25 FVRS10LAC
8.18%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23H 7.58 LOA 31JL26 FVRS1LAC
8.96%
Others Class A2 AIF
0.30%
SUNDARAM FINANCE LIMITED SR X4 7.89 NCD 22SP25 FVRS1LAC
4.70%
Fund Managers
- Laukik Bagwe (Feb 2025 - Present)
Key Information
View Scheme Document
ITI Ultra Short Duration Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on ITI Ultra Short 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 ITI Ultra Short 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 ITI Ultra Short 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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