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
₹49.91
-4.37%
NAV as on 16 Jan 25, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
large & mid cap
equity
17.36%p.a.
Last 1Y
13.99%p.a.
Last 3Y
19.37%p.a.
Last 5Y
19.95%p.a.
Since Inception
About Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl is Large & Mid-Cap fund of its category with 38,680.34 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl wdrl delivered 17.4% annual returns during the last year. It has delivered 19.9% average annual returns since the fund was launched.
- Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl 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 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
5.29%
Axis Bank Ltd
4.12%
State Bank of India
3.50%
Larsen & Toubro Ltd
3.20%
ICICI Bank Ltd
2.25%
Infosys Ltd
2.17%
Kotak Mahindra Bank Ltd
2.05%
Tata Consultancy Services Ltd
2.00%
Wipro Ltd
1.90%
Gland Pharma Ltd
1.66%
Fund Managers
- Neelesh Surana (Jul 2010 - Present)
- Ankit Jain (Jan 2019 - Present)
Key Information
View Scheme Document
Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl wdrl SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl 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 Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl 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 Mirae Asset Large & Midcap Fund Reinvestment of Income Distribution cum cptl 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
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Frequently Asked Questions
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