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
₹134.08
0.08%
NAV as on 30 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
39.12%p.a.
Last 1Y
18.99%p.a.
Last 3Y
20.30%p.a.
Last 5Y
20.47%p.a.
Since Inception
About Mirae Asset Large & Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Large & Midcap Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on Jul 2010, Mirae Asset Large & Midcap Fund Growth is Large & Mid-Cap fund of its category with 33,618.78 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- Mirae Asset Large & Midcap Fund Growth delivered 39.1% annual returns during the last year. It has delivered 20.5% average annual returns since the fund was launched.
- Mirae Asset Large & 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
The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction.The Scheme does not guarantee or assure any returns.
Top 10 Holdings
HDFC Bank Ltd
5.59%
State Bank of India
3.59%
ICICI Bank Ltd
3.12%
Larsen & Toubro Ltd
3.09%
Reliance Industries Ltd
2.98%
Axis Bank Ltd
2.70%
Kotak Mahindra Bank Ltd
2.48%
NTPC Ltd
2.27%
Delhivery Ltd
1.88%
Gujarat State Petronet Ltd
1.85%
Fund Managers
- Neelesh Surana (Jul 2010 - Present)
- Ankit Jain (Jan 2019 - Present)
Key Information
View Scheme Document
Mirae Asset Large & Midcap Fund Growth 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 Mirae Asset Large & 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 Mirae Asset Large & 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 Mirae Asset Large & 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
Similar Funds
Funds
3Y Return
SBI Large & Midcap Fund Growth
very high risk | equity
22.6%
Canara Robeco Emerging Equities Growth
very high risk | equity
19.1%
Kotak Equity Opportunities Fund Growth
very high risk | equity
22.8%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved