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
₹26.53
0.53%
NAV as on 30 Apr 24, 12:00 AM
very high risk
dividend yield
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
dividend yield
equity
53.88%p.a.
Last 1Y
23.39%p.a.
Last 3Y
21.07%p.a.
Last 5Y
18.94%p.a.
Since Inception
About LIC MF Dividend Yield Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Dividend Yield Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Dividend Yield mutual fund scheme that predominantly invests in Dividend Yield stocks of companies. Launched on Dec 2018, LIC MF Dividend Yield Fund Growth is Dividend Yield fund of its category with 129.23 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Dividend Yield funds.
- LIC MF Dividend Yield Fund Growth delivered 53.9% annual returns during the last year. It has delivered 18.9% average annual returns since the fund was launched.
- LIC MF Dividend Yield 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 provide long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments. However there can be no assurance that the investment objective under the scheme will be realized.
Top 10 Holdings
Infosys Ltd
5.10%
ICICI Bank Ltd
4.69%
Tata Consultancy Services Ltd
3.68%
Power Finance Corp Ltd
3.28%
Bharat Electronics Ltd
3.11%
NTPC Ltd
2.99%
Maruti Suzuki India Ltd
2.97%
Mahindra & Mahindra Ltd
2.97%
State Bank of India
2.91%
Larsen & Toubro Ltd
2.76%
Fund Managers
- Dikshit Mittal (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF Dividend Yield Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on LIC MF Dividend Yield 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 LIC MF Dividend Yield 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 LIC MF Dividend Yield 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
Similar Funds
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3Y Return
SBI Dividend Yield Fund Growth
very high risk | equity
0.0%
HDFC Dividend Yield Fund Growth
very high risk | equity
28.1%
ICICI Prudential Dividend Yield Equity Fund Growth
very high risk | equity
32.4%
Frequently Asked Questions
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