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

INVEST VIA NRE/NRO

SBI Overnight Fund Plan Growth for NRI [3996.66]

Min Investment

5,000

Fund Size

18,742.65 Cr

Expense Ratio

0.1%

Exit Load

0%

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

3996.66

0.03%

NAV as on 03 Nov 24, 12:00 AM

low risk

overnight

liquid

NAV as on 03 Nov 24, 12:00 AM

low risk

overnight

liquid

6.63%p.a.

Last 1Y

5.74%p.a.

Last 3Y

4.77%p.a.

Last 5Y

6.47%p.a.

Since Inception

About SBI Overnight Fund Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Overnight Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Oct 2002, SBI Overnight Fund Plan Growth is Overnight fund of its category with 18,742.65 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.

  • SBI Overnight Fund Plan Growth delivered 6.6% annual returns during the last year. It has delivered 6.5% average annual returns since the fund was launched.
  • SBI Overnight Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in liquid

Fund Objective

To provide the investors an opportunity to invest in overnight securities maturing on the next business day

Top 4 Holdings

Treps

61.93%

Reverse Repo

34.79%

91 Day T-Bill 31.10.24

3.18%

Net Receivable / Payable

0.10%

Fund Managers

  1. R. Arun (Apr 2012 - Present)

Key Information

View Scheme Document

SBI Overnight 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 Overnight 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 Overnight 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 Overnight 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