NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund


Axis Midcap Fund Growth for NRI [108.44]

Min Investment


Fund Size

27,747.62 Cr

Expense Ratio


Exit Load


SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671



NAV as on 20 Jun 24, 12:00 AM

very high risk

mid cap


NAV as on 20 Jun 24, 12:00 AM

very high risk

mid cap



Last 1Y


Last 3Y


Last 5Y


Since Inception

About Axis Midcap Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Midcap Fund Growth scheme from Axis Asset Management Company Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Feb 2011, Axis Midcap Fund Growth is Mid-Cap fund of its category with 27,747.62 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.

  • Axis Midcap Fund Growth delivered 45.9% annual returns during the last year. It has delivered 18.9% average annual returns since the fund was launched.
  • Axis 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

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Top 10 Holdings

Supreme Industries Ltd


Cummins India Ltd


Trent Ltd


Cholamandalam Investment and Finance Co Ltd


Indian Hotels Co Ltd


Schaeffler India Ltd


CG Power & Industrial Solutions Ltd


UNO Minda Ltd


ABB India Ltd


Sona BLW Precision Forgings Ltd


Fund Managers

  1. Shreyash Devalkar (Nov 2016 - Present)
  2. Nitin Arora (Aug 2023 - Present)
  3. Krishnaa N (Mar 2024 - Present)

Key Information

View Scheme Document

Axis Midcap Fund Growth SIP Calculator

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Fixed Deposit

NRI Mutual Fund Tax on Axis Midcap Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Axis 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 Axis 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

Frequently Asked Questions