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
₹11.02
-0.19%
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
NAV as on 17 Nov 24, 12:00 AM
high risk
multi asset allocation
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
13.09%p.a.
Since Inception
About Mirae Asset Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Multi Asset Allocation Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Jan 2024, Mirae Asset Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 1,704.72 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Mirae Asset Multi Asset Allocation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 13.1% average annual returns since the fund was launched.
- Mirae Asset Multi Asset Allocation 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 in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives. However, there is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
Mirae Asset Gold ETF
11.29%
7.1% Govt Stock 2034
4.68%
HDFC Bank Ltd
4.32%
Mirae Asset Silver ETF
2.73%
ICICI Bank Ltd
2.58%
State Bank of India
2.24%
Infosys Ltd
2.21%
Bharti Airtel Ltd
2.15%
Reliance Industries Ltd
1.90%
Larsen & Toubro Ltd
1.72%
Fund Managers
- Amit Modani (Jan 2024 - Present)
- Harshad Borawake (Jan 2024 - Present)
- Siddharth Srivastava (Jan 2024 - Present)
- Ritesh Patel (Jan 2024 - Present)
Key Information
View Scheme Document
Mirae Asset Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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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