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
₹20.60
-0.53%
NAV as on 17 Dec 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
NAV as on 17 Dec 24, 12:00 AM
moderately high risk
dynamic asset allocation
equity
21.03%p.a.
Last 1Y
12.99%p.a.
Last 3Y
12.72%p.a.
Last 5Y
10.19%p.a.
Since Inception
About Axis Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Balanced Advantage Fund Growth scheme from Axis Asset Management Company Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Aug 2017, Axis Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 2,547.26 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- Axis Balanced Advantage Fund Growth delivered 21.0% annual returns during the last year. It has delivered 10.2% average annual returns since the fund was launched.
- Axis Balanced Advantage 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
To achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. 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
7.25% Govt Stock 2063
7.10%
HDFC Bank Ltd
6.06%
Reliance Industries Ltd
5.09%
Infosys Ltd
4.12%
ICICI Bank Ltd
4.00%
Mahindra & Mahindra Ltd
3.29%
7.34% Govt Stock 2064
2.75%
Bharti Airtel Ltd
2.53%
State Bank of India
2.29%
Sun Pharmaceuticals Industries Ltd
2.24%
Fund Managers
- Devang Shah (Apr 2024 - Present)
- Hardik Shah (Jan 2022 - Present)
- Jayesh Sundar (Sep 2023 - Present)
Key Information
View Scheme Document
Axis Balanced Advantage Fund Growth SIP Calculator
If invested
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 Axis Balanced Advantage Fund 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 Balanced Advantage 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 Axis Balanced Advantage 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
Similar Funds
Funds
3Y Return
DSP Dynamic Asset Allocation Fund Growth
moderately high risk | equity
10.3%
HSBC Balanced Advantage Fund Growth
moderately high risk | equity
12.4%
Invesco India Balanced Advantage Fund Growth
moderately high risk | equity
14.2%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved