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

INVEST VIA NRE/NRO

DSP Midcap Fund Growth for NRI [143.54]

Min Investment

100

Fund Size

20,237.46 Cr

Expense Ratio

1.7%

Exit Load

1%

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

143.54

-0.61%

NAV as on 04 Nov 24, 12:00 AM

very high risk

mid cap

equity

NAV as on 04 Nov 24, 12:00 AM

very high risk

mid cap

equity

38.41%p.a.

Last 1Y

15.31%p.a.

Last 3Y

20.63%p.a.

Last 5Y

16.03%p.a.

Since Inception

About DSP Midcap Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the DSP Midcap Fund Growth scheme from DSP Asset Managers Private Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Nov 2006, DSP Midcap Fund Growth is Mid-Cap fund of its category with 20,237.46 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.

  • DSP Midcap Fund Growth delivered 38.4% annual returns during the last year. It has delivered 16.0% average annual returns since the fund was launched.
  • DSP 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 primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of midcap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

Coforge Ltd

3.78%

AU Small Finance Bank Ltd

3.25%

Ipca Laboratories Ltd

3.19%

Bharat Forge Ltd

3.03%

Coromandel International Ltd

2.86%

Power Finance Corp Ltd

2.80%

Max Financial Services Ltd

2.62%

Phoenix Mills Ltd

2.62%

The Federal Bank Ltd

2.55%

Hero MotoCorp Ltd

2.43%

Fund Managers

  1. Vinit Sambre (Jul 2012 - Present)
  2. Abhishek Ghosh (Sep 2022 - Present)

Key Information

View Scheme Document

DSP Midcap Fund Growth SIP Calculator

If invested

5,000

per month

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 DSP 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 DSP 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 DSP 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