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
₹17.17
0.91%
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
69.79%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
37.04%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 825.47 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.
- JM Midcap Fund Growth delivered 69.8% annual returns during the last year. It has delivered 37.0% 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
Cummins India Ltd
3.61%
Bank of Maharashtra
3.21%
Bharat Forge Ltd
3.16%
Bharat Heavy Electricals Ltd
3.09%
Schaeffler India Ltd
2.74%
REC Ltd
2.73%
Glenmark Pharmaceuticals Ltd
2.71%
Voltas Ltd
2.66%
Hitachi Energy India Ltd Ordinary Shares
2.64%
Ipca Laboratories Ltd
2.59%
Fund Managers
- Satish Ramanathan (Nov 2022 - Present)
- Gurvinder Wasan (Dec 2022 - Present)
- Chaitanya Choksi (Nov 2022 - Present)
Key Information
View Scheme Document
JM Midcap Fund Growth SIP Calculator
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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 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 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
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Frequently Asked Questions
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