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
₹37.55
0.75%
NAV as on 16 Nov 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 16 Nov 24, 12:00 AM
very high risk
large & mid cap
equity
36.11%p.a.
Last 1Y
14.09%p.a.
Last 3Y
18.85%p.a.
Last 5Y
14.96%p.a.
Since Inception
About LIC MF Large & Mid Cap Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Large & Mid Cap Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on Feb 2015, LIC MF Large & Mid Cap Growth is Large & Mid-Cap fund of its category with 3,082.73 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- LIC MF Large & Mid Cap Growth delivered 36.1% annual returns during the last year. It has delivered 15.0% average annual returns since the fund was launched.
- LIC MF Large & Mid Cap 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 generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Top 10 Holdings
ICICI Bank Ltd
4.80%
HDFC Bank Ltd
4.76%
Trent Ltd
3.57%
Shakti Pumps (India) Ltd
3.27%
Garware Hi-Tech Films Ltd
2.67%
REC Ltd
2.65%
Shriram Finance Ltd
2.11%
ZF Commercial Vehicle Control Systems India Ltd
2.04%
Bharat Bijlee Ltd
1.99%
Tata Consultancy Services Ltd
1.90%
Fund Managers
- Yogesh Patil (Sep 2020 - Present)
- Dikshit Mittal (Jun 2023 - Present)
Key Information
View Scheme Document
LIC MF Large & Mid Cap Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF Large & Mid Cap 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 Large & Mid Cap 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 Large & Mid Cap 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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