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
₹2515.00
0.06%
NAV as on 09 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 09 Dec 24, 12:00 AM
moderate risk
banking & psu
debt
7.87%p.a.
Last 1Y
5.90%p.a.
Last 3Y
6.14%p.a.
Last 5Y
7.65%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Axis Banking & PSU Debt Fund Growth scheme from Axis Asset Management Company Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Jun 2012, Axis Banking & PSU Debt Fund Growth is Banking & PSU fund of its category with 13,122.37 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs). The scheme shall endeavor to generate optimum returns with low credit risk.
7.18% Govt Stock 2033
9.31%
Export Import Bank Of India
6.63%
Indian Railway Finance Corporation Limited
5.07%
Rural Electrification Corporation Limited
4.76%
Small Industries Development Bank Of India
4.66%
7.1% Govt Stock 2034
4.53%
HDFC Bank Limited
3.89%
National Bank For Agriculture And Rural Development
3.15%
National Bank For Agriculture And Rural Development
3.02%
National Housing Bank
2.87%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
6.0%
moderate risk | debt
6.0%
moderate risk | debt
6.3%