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

INVEST VIA NRE/NRO

SBI Short Term Debt Fund Growth for NRI [29.35]

Min Investment

5,000

Fund Size

12,855.83 Cr

Expense Ratio

0.8%

Exit Load

0%

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

29.35

0.05%

NAV as on 26 May 24, 12:00 AM

low to moderate risk

short duration

debt

NAV as on 26 May 24, 12:00 AM

low to moderate risk

short duration

debt

6.53%p.a.

Last 1Y

5.11%p.a.

Last 3Y

6.33%p.a.

Last 5Y

0.00%p.a.

Since Inception

About SBI Short Term Debt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Short Term Debt Fund Growth scheme from SBI Funds Management Ltd. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Jul 2007, SBI Short Term Debt Fund Growth is Short Duration fund of its category with 12,855.83 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.

  • SBI Short Term Debt Fund Growth delivered 6.5% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
  • SBI Short Term Debt Fund 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 an opportunity to generate regular income through investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.

Top 10 Holdings

7.18% Govt Stock 2033

10.06%

L&T Metro Rail (Hyderabad) Limited

4.58%

7.23% Govt Stock 2039

4.13%

7.32% Govt Stock 2030

3.93%

Power Finance Corporation Ltd.

3.51%

Tata Communications Limited

3.11%

Jamnagar Utilities And Power Private Limited

3.04%

National Bank For Agriculture And Rural Development

2.59%

Mindspace Business Parks Reit

2.34%

Indian Railway Finance Corporation Limited

2.33%

Fund Managers

  1. Rajeev Radhakrishnan (Jun 2008 - Present)
  2. Mansi Sajeja (Dec 2023 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Short Term Debt Fund 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 Short Term Debt Fund 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 Short Term Debt Fund 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 Short Term Debt Fund 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