NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Magnum Ultra Short Duration Fund Plan Growth for NRI [5699.01]

Min Investment

5,000

Fund Size

13,546.06 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

5699.01

0.08%

NAV as on 04 Nov 24, 12:00 AM

moderate risk

ultra short duration

debt

NAV as on 04 Nov 24, 12:00 AM

moderate risk

ultra short duration

debt

7.44%p.a.

Last 1Y

6.11%p.a.

Last 3Y

5.58%p.a.

Last 5Y

7.06%p.a.

Since Inception

About SBI Magnum Ultra Short Duration Fund Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Ultra Short Duration Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on May 1999, SBI Magnum Ultra Short Duration Fund Plan Growth is Ultra Short Duration fund of its category with 13,546.06 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.

  • SBI Magnum Ultra Short Duration Fund Plan Growth delivered 7.4% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
  • SBI Magnum Ultra Short Duration Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.

Top 10 Holdings

LIC Housing Finance Limited

3.65%

National Bank For Agriculture And Rural Development

3.48%

National Bank For Agriculture And Rural Development

3.09%

Power Finance Corporation Limited

2.83%

191 DTB 24102024

2.76%

Hdb Financial Services Limited

2.55%

Larsen & Toubro Ltd.

2.21%

91 Day T-Bill 31.10.24

2.04%

LIC Housing Finance Ltd

1.84%

Equitas Small Finance Bank Ltd.

1.83%

Fund Managers

  1. Arun R. (Jun 2021 - Present)
  2. Ardhendu Bhattacharya (Dec 2023 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Ultra Short Duration Fund Plan Growth SIP Calculator

If invested

5,000

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

NRI Mutual Fund Tax on SBI Magnum Ultra Short Duration Fund Plan Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI Magnum Ultra Short Duration Fund Plan 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 SBI Magnum Ultra Short Duration Fund Plan 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

Frequently Asked Questions