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
₹397.11
1.48%
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
41.86%p.a.
Last 1Y
24.51%p.a.
Last 3Y
24.64%p.a.
Last 5Y
19.79%p.a.
Since Inception
About HSBC Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Midcap Fund 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 Aug 2004, HSBC Midcap Fund Growth is Mid-Cap fund of its category with 11,767.99 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.
- HSBC Midcap Fund Growth delivered 41.9% annual returns during the last year. It has delivered 19.8% average annual returns since the fund was launched.
- HSBC 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 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
Suzlon Energy Ltd
5.14%
CG Power & Industrial Solutions Ltd
4.32%
Trent Ltd
3.85%
Dixon Technologies (India) Ltd
3.64%
JSW Energy Ltd
3.63%
HDFC Asset Management Co Ltd
3.52%
PB Fintech Ltd
3.40%
Zomato Ltd
3.01%
Cummins India Ltd
2.89%
Godrej Properties Ltd
2.87%
Fund Managers
- Venugopal Manghat (Oct 2023 - Present)
- Cheenu Gupta (Nov 2022 - Present)
- Sonal Gupta (Oct 2023 - Present)
Key Information
View Scheme Document
HSBC Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on HSBC 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 HSBC 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 HSBC 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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