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
₹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
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.
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.
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%
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
moderate risk | debt
6.4%
moderate risk | debt
6.4%
moderate risk | debt
6.2%