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
₹1383.50
-1.15%
NAV as on 07 Sep 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 07 Sep 24, 12:00 AM
very high risk
mid cap
equity
51.44%p.a.
Last 1Y
25.24%p.a.
Last 3Y
26.97%p.a.
Last 5Y
25.01%p.a.
Since Inception
About Sundaram Mid Cap Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Sundaram Mid Cap Growth scheme from Sundaram Asset Management Company Ltd. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Jul 2002, Sundaram Mid Cap Growth is Mid-Cap fund of its category with 12,465.38 Cr fund under management as on Sep 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Sundaram Mid Cap Growth delivered 51.4% annual returns during the last year. It has delivered 25.0% average annual returns since the fund was launched.
- Sundaram Mid Cap 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 objective of the scheme is to achieve capital appreciation by investing predominantly in stocks that are termed as mid caps.
Top 10 Holdings
Kalyan Jewellers India Ltd
3.86%
Cummins India Ltd
3.83%
The Federal Bank Ltd
3.23%
Tube Investments of India Ltd Ordinary Shares
3.22%
Trent Ltd
2.92%
Power Finance Corp Ltd
2.44%
Coromandel International Ltd
2.37%
Indian Bank
2.19%
Lupin Ltd
2.13%
Oberoi Realty Ltd
2.08%
Fund Managers
- S. Bharath (Feb 2021 - Present)
- Ratish Varier (Feb 2021 - Present)
Key Information
View Scheme Document
Sundaram Mid Cap Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Sundaram Mid Cap 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 Sundaram Mid Cap 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 Sundaram Mid Cap 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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