NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

JM Midcap Fund Growth for NRI [19.82]

Min Investment

1,000

Fund Size

1,691.09 Cr

Expense Ratio

2.0%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

19.82

0.31%

NAV as on 09 Dec 24, 12:00 AM

very high risk

mid cap

equity

NAV as on 09 Dec 24, 12:00 AM

very high risk

mid cap

equity

40.21%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

38.15%p.a.

Since Inception

About JM Midcap Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the JM Midcap Fund Growth scheme from JM Financial Asset Management Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Nov 2022, JM Midcap Fund Growth is Mid-Cap fund of its category with 1,691.09 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.

  • JM Midcap Fund Growth delivered 40.2% annual returns during the last year. It has delivered 38.1% average annual returns since the fund was launched.
  • JM 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 provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.

Top 10 Holdings

Ipca Laboratories Ltd

3.57%

Max Healthcare Institute Ltd Ordinary Shares

3.12%

Tata Technologies Ltd

2.89%

Glenmark Pharmaceuticals Ltd

2.64%

Amber Enterprises India Ltd Ordinary Shares

2.56%

Biocon Ltd

2.56%

Fortis Healthcare Ltd

2.56%

Berger Paints India Ltd

2.54%

JSW Infrastructure Ltd

2.52%

The Federal Bank Ltd

2.48%

Fund Managers

  1. Satish Ramanathan (Nov 2022 - Present)
  2. Asit Bhandarkar (Oct 2024 - Present)
  3. Chaitanya Choksi (Nov 2022 - Present)
  4. Ruchi Fozdar (Oct 2024 - Present)

Key Information

View Scheme Document

JM Midcap Fund Growth SIP Calculator

If invested

5,000

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 JM Midcap Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in JM 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 JM 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

Frequently Asked Questions