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
₹1274.59
0.03%
NAV as on 05 Oct 24, 12:00 AM
low risk
overnight
liquid
NAV as on 05 Oct 24, 12:00 AM
low risk
overnight
liquid
6.68%p.a.
Last 1Y
5.68%p.a.
Last 3Y
4.75%p.a.
Last 5Y
4.76%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Overnight Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Jul 2019, Mahindra Manulife Overnight Fund Growth is Overnight fund of its category with 70.84 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
The primary objective of the Scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day including TREPS (Tri-Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Reverse Repo
92.49%
India (Republic of)
4.23%
364 DTB 03102024
2.81%
Net Receivables / (Payables)
0.25%
Triparty Repo
0.22%
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 risk | liquid
5.7%
low risk | liquid
5.6%
low risk | liquid
5.7%