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
₹14.64
0.89%
NAV as on 01 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 01 Dec 24, 12:00 AM
very high risk
index funds
equity
27.01%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
17.69%p.a.
Since Inception
About DSP Nifty Midcap 150 Quality 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Nifty Midcap 150 Quality 50 Index Fund Growth scheme from DSP Asset Managers Private Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Aug 2022, DSP Nifty Midcap 150 Quality 50 Index Fund Growth is Index Funds fund of its category with 346.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- DSP Nifty Midcap 150 Quality 50 Index Fund Growth delivered 27.0% annual returns during the last year. It has delivered 17.7% average annual returns since the fund was launched.
- DSP Nifty Midcap 150 Quality 50 Index 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 investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Midcap 150 Quality 50 Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
Persistent Systems Ltd
4.28%
HDFC Asset Management Co Ltd
3.45%
Procter & Gamble Hygiene and Health Care Ltd
3.44%
Page Industries Ltd
3.23%
Coforge Ltd
3.22%
Tube Investments of India Ltd Ordinary Shares
3.22%
Tata Elxsi Ltd
2.99%
PI Industries Ltd
2.98%
Cummins India Ltd
2.79%
Oracle Financial Services Software Ltd
2.76%
Fund Managers
- Anil Ghelani (Aug 2022 - Present)
- Diipesh Shah (Aug 2022 - Present)
Key Information
View Scheme Document
DSP Nifty Midcap 150 Quality 50 Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on DSP Nifty Midcap 150 Quality 50 Index 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 Nifty Midcap 150 Quality 50 Index 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 Nifty Midcap 150 Quality 50 Index 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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