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
₹3308.94
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
7.21%p.a.
Last 1Y
5.70%p.a.
Last 3Y
5.60%p.a.
Last 5Y
0.00%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Low Duration Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Jul 2007, SBI Magnum Low Duration Fund Plan Growth is Low Duration fund of its category with 11,623.79 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.
To provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
7.72% Govt Stock 2028
12.98%
National Housing Bank
3.28%
Larsen & Toubro Ltd.
3.01%
L&T Metro Rail (Hyderabad) Limited
2.77%
India Grid TRust
2.57%
Panatone Finvest Ltd
2.51%
7.37% Govt Stock 2028
2.51%
Rural Electrification Corporation Limited
2.36%
8.34% Govt Stock 2033
2.21%
PNb Housing Finance Limited
2.20%
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%