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
₹111.56
1.11%
NAV as on 02 Dec 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 02 Dec 24, 12:00 AM
very high risk
mid cap
equity
35.72%p.a.
Last 1Y
16.89%p.a.
Last 3Y
23.08%p.a.
Last 5Y
19.03%p.a.
Since Inception
About Axis Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Midcap Fund Growth scheme from Axis Asset Management Company Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Feb 2011, Axis Midcap Fund Growth is Mid-Cap fund of its category with 30,008.06 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Axis Midcap Fund Growth delivered 35.7% annual returns during the last year. It has delivered 19.0% average annual returns since the fund was launched.
- Axis Midcap Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
Top 10 Holdings
Trent Ltd
3.64%
Indian Hotels Co Ltd
2.80%
Fortis Healthcare Ltd
2.77%
Persistent Systems Ltd
2.69%
Sona BLW Precision Forgings Ltd
2.26%
PI Industries Ltd
2.24%
Cummins India Ltd
2.18%
Coromandel International Ltd
2.17%
Supreme Industries Ltd
2.12%
Cholamandalam Investment and Finance Co Ltd
2.00%
Fund Managers
- Shreyash Devalkar (Nov 2016 - Present)
- Nitin Arora (Aug 2023 - Present)
- Krishnaa N (Mar 2024 - Present)
Key Information
View Scheme Document
Axis Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Midcap Fund Growth
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 |
How can NRIs invest in Axis Midcap 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 Axis Midcap 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
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Frequently Asked Questions
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