NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹17.27
0.09%
NAV as on 30 Apr 24, 12:00 AM
low risk
arbitrage fund
equity
NAV as on 30 Apr 24, 12:00 AM
low risk
arbitrage fund
equity
7.52%p.a.
Last 1Y
5.51%p.a.
Last 3Y
5.13%p.a.
Last 5Y
5.77%p.a.
Since Inception
About Axis Arbitrage Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Arbitrage Growth scheme from Axis Asset Management Company Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Aug 2014, Axis Arbitrage Growth is Arbitrage Fund fund of its category with 3,931.16 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.
- Axis Arbitrage Growth delivered 7.5% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
- Axis Arbitrage Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Top 10 Holdings
Axis Money Market Dir Gr
11.22%
Hdfc Bank Limited April 2024 Future
7.24%
HDFC Bank Ltd
7.17%
Future on Reliance Industries Ltd
6.01%
Reliance Industries Ltd
5.97%
Vedanta Limited April 2024 Future
3.38%
Vedanta Ltd
3.36%
Future on Tata Consultancy Services Ltd
2.90%
Tata Consultancy Services Ltd
2.88%
Future on Aurobindo Pharma Ltd
2.20%
Fund Managers
- Devang Shah (Aug 2014 - Present)
- Sachin Jain (Nov 2021 - Present)
- Ashish Naik (May 2022 - Present)
- Karthik Kumar (Jul 2023 - Present)
Key Information
View Scheme Document
Axis Arbitrage Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Arbitrage Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Axis Arbitrage 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 Axis Arbitrage 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
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5.8%
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5.8%
ICICI Prudential Equity Arbitrage Fund Growth
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5.5%
Frequently Asked Questions
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