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
₹89.46
0.08%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity consumption
equity
24.98%p.a.
Last 1Y
15.77%p.a.
Last 3Y
19.32%p.a.
Last 5Y
17.83%p.a.
Since Inception
About Mirae Asset Great Consumer Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Great Consumer Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Mar 2011, Mirae Asset Great Consumer Growth is Equity - Consumption fund of its category with 4,118.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Mirae Asset Great Consumer Growth delivered 25.0% annual returns during the last year. It has delivered 17.8% average annual returns since the fund was launched.
- Mirae Asset Great Consumer 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 long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns.
Top 10 Holdings
Bharti Airtel Ltd
7.54%
Zomato Ltd
5.72%
ITC Ltd
5.46%
Trent Ltd
4.47%
Hindustan Unilever Ltd
4.42%
Maruti Suzuki India Ltd
4.38%
Asian Paints Ltd
4.21%
Titan Co Ltd
3.45%
Kalyan Jewellers India Ltd
2.97%
Jyothy Labs Ltd
2.77%
Fund Managers
- Ankit Jain (Oct 2016 - Present)
- Siddhant Chhabria (Jun 2021 - Present)
Key Information
View Scheme Document
Mirae Asset Great Consumer 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 Great Consumer 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 Great Consumer 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 Great Consumer 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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