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
₹2525.58
0.02%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
liquid
liquid
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
liquid
liquid
7.29%p.a.
Last 1Y
5.52%p.a.
Last 3Y
5.18%p.a.
Last 5Y
6.24%p.a.
Since Inception
About Mirae Asset Liquid Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Liquid Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Jan 2009, Mirae Asset Liquid Fund Growth is Liquid fund of its category with 6,871.66 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Liquid funds.
- Mirae Asset Liquid Fund Growth delivered 7.3% annual returns during the last year. It has delivered 6.2% average annual returns since the fund was launched.
- Mirae Asset Liquid Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.
Top 10 Holdings
Treps
6.00%
India (Republic of)
5.49%
Net Receivables / (Payables)
4.47%
India (Republic of)
3.46%
State Bank Of India
2.91%
Bank Of Baroda
2.70%
Canara Bank
2.46%
Small Industries Development Bank Of India
2.46%
Godrej Consumer Products Ltd.
1.98%
91 DTB 02052024
1.98%
Fund Managers
- Abhishek Iyer (Dec 2020 - Present)
Key Information
View Scheme Document
Mirae Asset Liquid Fund Growth SIP Calculator
If invested
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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 Mirae Asset Liquid 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 Mirae Asset Liquid 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 Mirae Asset Liquid 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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