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

INVEST VIA NRE/NRO

Mirae Asset Equity Savings Fund Growth for NRI [19.49]

Min Investment

5,000

Fund Size

1,353.36 Cr

Expense Ratio

1.3%

Exit Load

1%

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

19.49

0.10%

NAV as on 08 Dec 24, 12:00 AM

moderately high risk

equity savings

equity

NAV as on 08 Dec 24, 12:00 AM

moderately high risk

equity savings

equity

14.53%p.a.

Last 1Y

10.34%p.a.

Last 3Y

12.12%p.a.

Last 5Y

11.59%p.a.

Since Inception

About Mirae Asset Equity Savings Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Equity Savings Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Dec 2018, Mirae Asset Equity Savings Fund Growth is Equity Savings fund of its category with 1,353.36 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.

  • Mirae Asset Equity Savings Fund Growth delivered 14.5% annual returns during the last year. It has delivered 11.6% average annual returns since the fund was launched.
  • Mirae Asset Equity Savings 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 provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. The Scheme does not assure or guarantee any returns.

Top 10 Holdings

Tata Consultancy Services Ltd

3.82%

Future on Tata Consultancy Services Ltd

3.01%

HDFC Bank Ltd

2.86%

ICICI Bank Ltd

2.62%

7.18% Govt Stock 2033

2.04%

7.32% Govt Stock 2030

1.89%

State Bank of India

1.89%

7.38% Govt Stock 2027

1.88%

LIC Housing Finance Limited

1.85%

Rural Electrification Corporation Limited

1.85%

Fund Managers

  1. Mahendra Jajoo (Dec 2018 - Present)
  2. Bharti Sawant (Dec 2020 - Present)
  3. Vrijesh Kasera (Oct 2019 - Present)
  4. Harshad Borawake (Oct 2019 - Present)

Key Information

View Scheme Document

Mirae Asset Equity Savings 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 Mirae Asset Equity Savings 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 Mirae Asset Equity Savings 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 Mirae Asset Equity Savings 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