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
₹31.79
0.51%
NAV as on 01 May 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 01 May 24, 12:00 AM
very high risk
mid cap
equity
50.63%p.a.
Last 1Y
24.22%p.a.
Last 3Y
0.00%p.a.
Last 5Y
26.46%p.a.
Since Inception
About Mirae Asset Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Midcap Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Jul 2019, Mirae Asset Midcap Fund Growth is Mid-Cap fund of its category with 14,251.7 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Mirae Asset Midcap Fund Growth delivered 50.6% annual returns during the last year. It has delivered 26.5% average annual returns since the fund was launched.
- Mirae Asset 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 provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
The Federal Bank Ltd
3.55%
Prestige Estates Projects Ltd
2.81%
Delhivery Ltd
2.65%
Tata Communications Ltd
2.59%
Indian Bank
2.55%
HDFC Asset Management Co Ltd
2.54%
Lupin Ltd
2.40%
NTPC Ltd
2.34%
LIC Housing Finance Ltd
2.29%
Fortis Healthcare Ltd
2.29%
Fund Managers
- Ankit Jain (Jul 2019 - Present)
Key Information
View Scheme Document
Mirae Asset Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset 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 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 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
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Frequently Asked Questions
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