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
₹26.84
-3.10%
NAV as on 16 Jan 25, 12:00 AM
very high risk
mid cap
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
mid cap
equity
30.05%p.a.
Last 1Y
19.81%p.a.
Last 3Y
23.36%p.a.
Last 5Y
13.69%p.a.
Since Inception
About LIC MF Midcap Fund Reinvestment of Income Distribution cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Midcap Fund Reinvestment of Income Distribution cum Cap Wdrl scheme from LIC Mutual Fund Asset Management Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Jan 2017, LIC MF Midcap Fund Reinvestment of Income Distribution cum Cap Wdrl is Mid-Cap fund of its category with 319.49 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- LIC MF Midcap Fund Reinvestment of Income Distribution cum Cap Wdrl delivered 30.1% annual returns during the last year. It has delivered 13.7% average annual returns since the fund was launched.
- LIC MF Midcap 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 objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.
Top 10 Holdings
Shakti Pumps (India) Ltd
4.73%
Trent Ltd
4.31%
UNO Minda Ltd
3.48%
The Federal Bank Ltd
2.86%
Bharat Electronics Ltd
2.44%
Indian Hotels Co Ltd
2.42%
Alkem Laboratories Ltd
2.29%
P N Gadgil Jewellers Ltd
2.22%
Voltas Ltd
2.21%
Info Edge (India) Ltd
2.12%
Fund Managers
- Karan Doshi (Jul 2023 - Present)
- Dikshit Mittal (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF Midcap Fund Reinvestment of Income Distribution cum Cap Wdrl SIP Calculator
If invested
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 LIC MF Midcap 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 Midcap 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 Midcap 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
Similar Funds
Funds
3Y Return
HDFC Mid-Cap Opportunities Fund Growth
very high risk | equity
28.5%
HDFC Mid-Cap Opportunities Fund Payout of Income Distribution cum Cptl Wdrl Opt
very high risk | equity
28.5%
Kotak Emerging Equity Scheme Growth
very high risk | equity
23.6%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved