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
₹25.18
0.81%
NAV as on 30 Apr 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
mid cap
equity
51.48%p.a.
Last 1Y
20.89%p.a.
Last 3Y
18.73%p.a.
Last 5Y
12.55%p.a.
Since Inception
About LIC MF Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Midcap Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Jan 2017, LIC MF Midcap Fund Growth is Mid-Cap fund of its category with 242.21 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- LIC MF Midcap Fund Growth delivered 51.5% annual returns during the last year. It has delivered 12.6% average annual returns since the fund was launched.
- LIC MF 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 objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.
Top 10 Holdings
Trent Ltd
3.79%
UNO Minda Ltd
3.65%
ICICI Bank Ltd
3.12%
Bharat Electronics Ltd
2.77%
PI Industries Ltd
2.76%
The Federal Bank Ltd
2.69%
Alkem Laboratories Ltd
2.65%
Coforge Ltd
2.60%
Power Finance Corp Ltd
2.41%
Indian Hotels Co Ltd
2.35%
Fund Managers
- Karan Doshi (Jul 2023 - Present)
- Dikshit Mittal (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF 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 LIC MF 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 LIC MF 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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29.7%
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23.8%
Axis Midcap Fund Growth
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20.1%
Frequently Asked Questions
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