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
₹9.45
0.61%
NAV as on 26 Nov 22, 12:00 AM
very high risk
mid cap
equity
NAV as on 26 Nov 22, 12:00 AM
very high risk
mid cap
equity
-4.39%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-4.59%p.a.
Since Inception
About HSBC Mid Cap Fund - Plan - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Mid Cap Fund - Plan - Growth scheme from HSBC Asset Management(India)Private Ltd. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Sep 2021, HSBC Mid Cap Fund - Plan - Growth is Mid-Cap fund of its category with 1,082.16 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- HSBC Mid Cap Fund - Plan - Growth delivered -4.4% annual returns during the last year. It has delivered -4.6% average annual returns since the fund was launched.
- HSBC Mid Cap Fund - Plan - 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 seek to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved
Top 10 Holdings
The Federal Bank Ltd
3.65%
APL Apollo Tubes Ltd
3.49%
ICICI Bank Ltd
3.36%
Cholamandalam Investment and Finance Co Ltd
3.28%
Multi Commodity Exchange of India Ltd
3.12%
PI Industries Ltd
3.00%
Ashok Leyland Ltd
2.83%
ABB India Ltd
2.82%
Indian Hotels Co Ltd
2.78%
Carborundum Universal Ltd
2.74%
Fund Managers
- Ankur Arora (Sep 2021 - Present)
Key Information
View Scheme Document
HSBC Mid Cap Fund - Plan - Growth SIP Calculator
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For a period of
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Fixed Deposit
NRI Mutual Fund Tax on HSBC Mid Cap Fund - Plan - 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 HSBC Mid Cap Fund - Plan - 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 HSBC Mid Cap Fund - Plan - 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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