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
₹39.72
0.30%
NAV as on 23 Apr 24, 12:00 AM
very high risk
mid cap
equity
NAV as on 23 Apr 24, 12:00 AM
very high risk
mid cap
equity
45.28%p.a.
Last 1Y
23.95%p.a.
Last 3Y
0.00%p.a.
Last 5Y
38.84%p.a.
Since Inception
About Union Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Midcap Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Mar 2020, Union Midcap Fund Growth is Mid-Cap fund of its category with 1,064.7 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.
- Union Midcap Fund Growth delivered 45.3% annual returns during the last year. It has delivered 38.8% average annual returns since the fund was launched.
- Union 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 achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.
Top 10 Holdings
Shriram Finance Ltd
3.06%
Cummins India Ltd
2.40%
Persistent Systems Ltd
2.12%
Max Healthcare Institute Ltd Ordinary Shares
2.12%
Indian Bank
2.11%
Zydus Lifesciences Ltd
2.07%
Thermax Ltd
2.06%
Phoenix Mills Ltd
2.00%
Voltas Ltd
2.00%
Dixon Technologies (India) Ltd
1.87%
Fund Managers
- Hardick Bora (Mar 2020 - Present)
- Sanjay Bembalkar (Jan 2023 - Present)
- Gaurav Chopra (Jan 2023 - Present)
Key Information
View Scheme Document
Union Midcap Fund Growth SIP Calculator
If invested
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For a period of
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Fixed Deposit
NRI Mutual Fund Tax on Union 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 Union 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 Union 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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23.8%
Axis Midcap Fund Growth
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20.1%
Frequently Asked Questions
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