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

INVEST VIA NRE/NRO

LIC MF Flexi Cap Fund Growth for NRI [100.16]

Min Investment

5,000

Fund Size

1,403.94 Cr

Expense Ratio

2.3%

Exit Load

1%

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

100.16

-0.59%

NAV as on 04 Nov 24, 12:00 AM

very high risk

flexi cap

equity

NAV as on 04 Nov 24, 12:00 AM

very high risk

flexi cap

equity

31.56%p.a.

Last 1Y

13.33%p.a.

Last 3Y

15.05%p.a.

Last 5Y

10.45%p.a.

Since Inception

About LIC MF Flexi Cap Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the LIC MF Flexi Cap Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Flexi Cap mutual fund scheme that predominantly invests in Flexi Cap stocks of companies. Launched on Feb 1999, LIC MF Flexi Cap Fund Growth is Flexi Cap fund of its category with 1,403.94 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Flexi Cap funds.

  • LIC MF Flexi Cap Fund Growth delivered 31.6% annual returns during the last year. It has delivered 10.4% average annual returns since the fund was launched.
  • LIC MF Flexi Cap 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 main investment objective of the scheme is to provide capital growth by investing across Large, Mid & Small Cap stocks. The investment portfolio of the scheme will be constantly monitored and reviewed to optimise capital growth. However, there is no assurance that the investment objective of the Schemes will be realized.

Top 10 Holdings

HDFC Bank Ltd

6.58%

Hindustan Unilever Ltd

3.58%

Piramal Pharma Ltd

3.37%

Sudarshan Chemical Industries Ltd

2.95%

VA Tech Wabag Ltd

2.75%

Maruti Suzuki India Ltd

2.74%

Tech Mahindra Ltd

2.55%

Tata Power Co Ltd

2.32%

JTL Industries Ltd

2.09%

Shriram Finance Ltd

1.98%

Fund Managers

  1. Nikhil Rungta (Jul 2024 - Present)
  2. Jaiprakash Toshniwal (Jul 2023 - Present)

Key Information

View Scheme Document

LIC MF Flexi Cap 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 LIC MF Flexi Cap 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 LIC MF Flexi Cap 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 LIC MF Flexi Cap 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