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

INVEST VIA NRE/NRO

Mirae Asset Great Consumer Growth for NRI [101.40]

Min Investment

5,000

Fund Size

4,233.21 Cr

Expense Ratio

1.8%

Exit Load

1%

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

101.40

-1.97%

NAV as on 03 Oct 24, 12:00 AM

very high risk

equity consumption

equity

NAV as on 03 Oct 24, 12:00 AM

very high risk

equity consumption

equity

48.14%p.a.

Last 1Y

23.47%p.a.

Last 3Y

24.05%p.a.

Last 5Y

18.88%p.a.

Since Inception

About Mirae Asset Great Consumer Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Great Consumer Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Mar 2011, Mirae Asset Great Consumer Growth is Equity - Consumption fund of its category with 4,233.21 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.

  • Mirae Asset Great Consumer Growth delivered 48.1% annual returns during the last year. It has delivered 18.9% average annual returns since the fund was launched.
  • Mirae Asset Great Consumer 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 generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns.

Top 10 Holdings

Bharti Airtel Ltd

7.23%

ITC Ltd

5.45%

Maruti Suzuki India Ltd

4.78%

Hindustan Unilever Ltd

4.72%

Trent Ltd

4.36%

Asian Paints Ltd

4.12%

Zomato Ltd

3.82%

Kalyan Jewellers India Ltd

3.34%

Titan Co Ltd

3.20%

Tata Motors Ltd

2.70%

Fund Managers

  1. Ankit Jain (Oct 2016 - Present)
  2. Siddhant Chhabria (Jun 2021 - Present)

Key Information

View Scheme Document

Mirae Asset Great Consumer 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 Great Consumer 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 Great Consumer 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 Great Consumer 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