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
₹20.25
0.31%
NAV as on 17 Nov 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
mid cap
equity
40.49%p.a.
Last 1Y
17.75%p.a.
Last 3Y
0.00%p.a.
Last 5Y
22.87%p.a.
Since Inception
About ITI Mid Cap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the ITI Mid Cap Fund Growth scheme from ITI Asset Management Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Mar 2021, ITI Mid Cap Fund Growth is Mid-Cap fund of its category with 1,109.96 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- ITI Mid Cap Fund Growth delivered 40.5% annual returns during the last year. It has delivered 22.9% average annual returns since the fund was launched.
- ITI Mid Cap 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 seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks. However, there can be no assurance that the investment objective of the scheme would be achieved.
Top 10 Holdings
Lupin Ltd
3.11%
Solar Industries India Ltd
2.45%
Mphasis Ltd
2.21%
Suzlon Energy Ltd
2.20%
Phoenix Mills Ltd
2.05%
National Aluminium Co Ltd
2.02%
Persistent Systems Ltd
1.94%
SJVN Ltd
1.91%
Aurobindo Pharma Ltd
1.81%
Indian Bank
1.78%
Fund Managers
- Dhimant Shah (Oct 2022 - Present)
- Rohan Korde (Apr 2022 - Present)
Key Information
View Scheme Document
ITI Mid Cap 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
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Fixed Deposit
NRI Mutual Fund Tax on ITI Mid Cap 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 ITI Mid Cap 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 ITI Mid Cap 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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20.3%
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Frequently Asked Questions
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