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
₹25.57
-5.08%
NAV as on 16 Jan 25, 12:00 AM
very high risk
mid cap
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
mid cap
equity
20.58%p.a.
Last 1Y
19.21%p.a.
Last 3Y
25.04%p.a.
Last 5Y
26.03%p.a.
Since Inception
About Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal is Mid-Cap fund of its category with 16,695.39 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal delivered 20.6% annual returns during the last year. It has delivered 26.0% average annual returns since the fund was launched.
- Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal 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
Indian Bank
2.93%
The Federal Bank Ltd
2.69%
Mphasis Ltd
2.52%
Lupin Ltd
2.39%
Delhivery Ltd
2.35%
Cummins India Ltd
2.34%
Oracle Financial Services Software Ltd
2.22%
Gland Pharma Ltd
2.20%
One97 Communications Ltd
2.19%
Indus Towers Ltd Ordinary Shares
2.13%
Fund Managers
- Ankit Jain (Jul 2019 - Present)
Key Information
View Scheme Document
Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Midcap Fund Reinvestment of Income Distribution cum capital withdrawal
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 Reinvestment of Income Distribution cum capital withdrawal?
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 Reinvestment of Income Distribution cum capital withdrawal
- 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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