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
₹24.72
-0.02%
NAV as on 17 Nov 24, 12:00 AM
very high risk
focused fund
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
focused fund
equity
23.04%p.a.
Last 1Y
6.02%p.a.
Last 3Y
16.33%p.a.
Last 5Y
18.56%p.a.
Since Inception
About Mirae Asset Focused Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Focused Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Focused Fund mutual fund scheme that predominantly invests in Focused Fund stocks of companies. Launched on May 2019, Mirae Asset Focused Fund Growth is Focused Fund fund of its category with 8,250.4 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Focused Fund funds.
- Mirae Asset Focused Fund Growth delivered 23.0% annual returns during the last year. It has delivered 18.6% average annual returns since the fund was launched.
- Mirae Asset Focused 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
To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
9.08%
Infosys Ltd
7.86%
ICICI Bank Ltd
7.14%
Axis Bank Ltd
5.35%
One97 Communications Ltd
4.35%
Sapphire Foods India Ltd
3.89%
Bharti Airtel Ltd
3.73%
FSN E-Commerce Ventures Ltd
3.43%
KPIT Technologies Ltd
3.25%
SKF India Ltd
3.18%
Fund Managers
- Gaurav Misra (May 2019 - Present)
Key Information
View Scheme Document
Mirae Asset Focused 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 Focused 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 Focused 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 Focused 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
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3Y Return
SBI Focused Equity Fund Growth
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7.7%
HDFC Focused 30 Fund Growth
very high risk | equity
22.0%
Axis Focused Fund Growth
very high risk | equity
2.1%
Frequently Asked Questions
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