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
₹12.65
0.13%
NAV as on 04 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 04 Nov 24, 12:00 AM
low to moderate risk
floating rate
debt
8.43%p.a.
Last 1Y
6.50%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.00%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Floating Rate Debt Fund Growth scheme from SBI Funds Management Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Oct 2020, SBI Floating Rate Debt Fund Growth is Floating Rate fund of its category with 1,182.37 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns
7.98% Govt Stock 2031
40.04%
Govt Stock 04102028
17.88%
6.79 Goi 2034
16.99%
Pipeline Infrastructure Pvt Ltd.
6.67%
National Bank For Agriculture And Rural Development
4.26%
SMFG India Home Finance Co Ltd.
3.40%
HDB Financial Services Ltd.
2.13%
Sikka Ports & Terminals Limited
2.13%
Corporate Debt Market Development Fund-A2
0.44%
Nagpur-Seoni Express Way Private Limited
0.29%
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
6.5%
low to moderate risk | debt
6.5%
low to moderate risk | debt
6.1%