MidCap Financial Investment Corporation
MidCap Financial Investment Corporation (NASDAQ: MFIC) is trading at $8.77, about ₹841 at today's USD/INR rate, as of 28 Sep 2026, 3:50 PM ET, down 1.30% today. Indian residents can buy MidCap Financial Investment from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$8.72
Today's high
$8.84
52 week low
$8.72
52 week high
$12.50
MFIC opened at $8.84, closed previously at $8.88, and has traded between $8.72 and $12.50 over the past 52 weeks.
About
MidCap Financial Investment Corporation (MFIC) operates as an externally managed, non-diversified, closed-end investment fund, registered as a business development company (BDC) under the Investment Company Act of 1940. The firm specializes in providing private equity and debt capital to private middle-market companies, supporting initiatives such as leveraged buyouts, corporate acquisitions, recapitalizations, growth capital, and refinancing. MFIC offers a comprehensive range of financing instruments, including direct equity investments, preferred and common equity, warrants, and equity co-investments. Its debt solutions encompass mezzanine, first-lien secured, stretch senior, unitranche, second-lien secured, senior secured, unsecured, and subordinated loans. Beyond these core offerings, the fund also participates in Private Investments in Public Equity (PIPEs), acquires assets in the secondary market, and invests in structured products. While primarily focused on private ventures, MFIC may also allocate capital to thinly traded public company securities, cash equivalents, U.S. government debt, short-term high-quality debt, high-yield and distressed debt, and international investments, alongside collateralized loan obligations (CLOs) and credit-linked notes (CLNs). The company's investment focus is primarily within the United States, targeting a broad spectrum of industries. These include construction and building materials, diverse business services, manufacturing (plastics, rubber, chemicals, aerospace & defense), advertising, capital equipment, education, various technology sectors (cable television, telecommunications, high tech, automation), consumer goods and services (durable and non-durable products, retail, hospitality, food & beverage), energy (oil & gas, electricity, utilities), financial services, healthcare and pharmaceuticals, media (diversified, production, printing, publishing), wholesale, environmental services, and transportation (aviation, cargo, distribution). MFIC typically commits between $20 million and $250 million to each portfolio company, with investments generally structured to mature within five to ten years.
Key statistics
Avg. volume
563.36K
Market cap
$722.00M
P/E Ratio
-24.35
Price-to-sales ratio
2.78
Enterprise value
$2.42B
Free cash flow yield
76.48%
Debt-to-equity ratio
1.58
Return on equity
-2.39%
ROIC
3.29%
Beta
0.67
Dividend yield
14.95%
Last dividend
$1.38
Financial overview
Revenue
$274.39M
Earnings per share
$0.68
Free cash flow
$101.37M
Net profit margin
-11.40%
Gross margin
113.37%
EBITDA
$190.25M
Revenue growth
21.25%
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This is not an investment recommendation
How to buy MidCap Financial Investment from India
Indian residents can buy MidCap Financial Investment shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for MidCap Financial Investment and place an order
Find MidCap Financial Investment by name or by its ticker, MFIC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. MidCap Financial Investment trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your MidCap Financial Investment position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in MidCap Financial Investment from India
Trading and taxes when buying MidCap Financial Investment from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. MidCap Financial Investment’s current yield is 14.95%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy MidCap Financial Investment stock?
Yes. MidCap Financial Investment (MFIC) has been listed on NASDAQ since 2004, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one MidCap Financial Investment share cost in rupees?
One MidCap Financial Investment share is $8.77 — about ₹841 at a USD/INR rate of 95.93 on 27 Sep 2026. Both the MidCap Financial Investment price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying MidCap Financial Investment from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of MidCap Financial Investment?
Yes. One MidCap Financial Investment share is $8.77, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in MidCap Financial Investment.
How are gains on MidCap Financial Investment shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the MidCap Financial Investment price. Paasa issues a capital-gains statement for your return.
Does MidCap Financial Investment pay a dividend, and how is it taxed in India?
Yes. MidCap Financial Investment pays a dividend and the current yield is 14.95%; the last declared dividend was $1.38 per share, about ₹132.38. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade MidCap Financial Investment from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on MidCap Financial Investment shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare MidCap Financial Investment shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your MidCap Financial Investment holding, its cost and its closing value.
How do I sell MidCap Financial Investment and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.