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
₹152.99
-0.42%
NAV as on 15 Sep 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 15 Sep 24, 12:00 AM
very high risk
mid cap
equity
38.80%p.a.
Last 1Y
17.81%p.a.
Last 3Y
23.92%p.a.
Last 5Y
16.49%p.a.
Since Inception
About DSP Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Midcap Fund Growth scheme from DSP Asset Managers Private Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Nov 2006, DSP Midcap Fund Growth is Mid-Cap fund of its category with 20,068.84 Cr fund under management as on Sep 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- DSP Midcap Fund Growth delivered 38.8% annual returns during the last year. It has delivered 16.5% average annual returns since the fund was launched.
- DSP 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
The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of midcap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
Coforge Ltd
3.45%
Ipca Laboratories Ltd
3.23%
Bharat Forge Ltd
3.20%
Power Finance Corp Ltd
3.18%
Coromandel International Ltd
3.11%
AU Small Finance Bank Ltd
3.05%
Atul Ltd
2.77%
Phoenix Mills Ltd
2.69%
UNO Minda Ltd
2.57%
The Federal Bank Ltd
2.54%
Fund Managers
- Vinit Sambre (Jul 2012 - Present)
- Abhishek Ghosh (Sep 2022 - Present)
Key Information
View Scheme Document
DSP Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on DSP 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 DSP 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 DSP 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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