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
₹39.28
0.04%
NAV as on 03 Oct 24, 12:00 AM
moderate risk
money market
debt
NAV as on 03 Oct 24, 12:00 AM
moderate risk
money market
debt
7.22%p.a.
Last 1Y
5.84%p.a.
Last 3Y
5.46%p.a.
Last 5Y
7.00%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Savings Fund Plan Growth scheme from SBI Funds Management Ltd. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jul 2004, SBI Savings Fund Plan Growth is Money Market fund of its category with 27,865.96 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
To provide the investors an opportunity to invest in money market instruments.
Axis Bank Ltd.
4.34%
07.38% MP Sdl 2025
2.83%
India (Republic of)
2.60%
Panatone Finvest Ltd
2.10%
07.52 GJ Sgs 2025
1.78%
Punjab & Sind Bank
1.73%
IDBI Bank Ltd
1.73%
Union Bank of India
1.65%
08.12 AS Sdl 2025
1.44%
182 DTB 03102024
1.43%
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 | liquid
6.4%
moderate risk | debt
6.4%