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
₹1549.87
0.02%
NAV as on 05 Oct 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 05 Oct 24, 12:00 AM
low to moderate risk
low duration
debt
7.02%p.a.
Last 1Y
5.52%p.a.
Last 3Y
5.39%p.a.
Last 5Y
5.90%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Low Duration Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Feb 2017, Mahindra Manulife Low Duration Fund Growth is Low Duration fund of its category with 565.96 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
The investment objective of the Scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
National Bank For Agriculture And Rural Development
6.15%
Godrej Industries Limited
5.00%
Shriram Finance Limited
4.42%
Rural Electrification Corporation Limited
4.41%
Small Industries Development Bank Of India
4.40%
Export Import Bank Of India
4.35%
360 One Prime Limited
4.24%
Bharti Telecom Limited
3.55%
Rec Limited
3.52%
8.34% Govt Stock 2033
2.72%
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
low to moderate risk | debt
6.2%
low to moderate risk | debt
5.8%
low to moderate risk | debt
5.7%