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
₹29.10
-4.04%
NAV as on 16 Jan 25, 12:00 AM
very high risk
dividend yield
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
dividend yield
equity
33.29%p.a.
Last 1Y
21.03%p.a.
Last 3Y
22.93%p.a.
Last 5Y
20.67%p.a.
Since Inception
About LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl 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 Reinvestment of Income Distribution cum Cap wdrl is Dividend Yield fund of its category with 463.64 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Dividend Yield funds.
- LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl delivered 33.3% annual returns during the last year. It has delivered 20.7% average annual returns since the fund was launched.
- LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl 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
HDFC Bank Ltd
4.84%
Kotak Mahindra Bank Ltd
3.17%
Tata Consultancy Services Ltd
3.07%
ICICI Bank Ltd
2.87%
Power Finance Corp Ltd
2.64%
Garware Hi-Tech Films Ltd
2.44%
Saregama India Ltd
1.92%
Bank of Baroda
1.89%
Shriram Finance Ltd
1.84%
ISGEC Heavy Engineering Ltd
1.84%
Fund Managers
- Karan Doshi (Jul 2024 - Present)
- Dikshit Mittal (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl SIP Calculator
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NRI Mutual Fund Tax on LIC MF Dividend Yield Fund Reinvestment of Income Distribution cum Cap wdrl
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 Reinvestment of Income Distribution cum Cap wdrl?
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 Reinvestment of Income Distribution cum Cap wdrl
- 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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