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
₹1037.09
0.41%
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
7.51%p.a.
Last 1Y
5.91%p.a.
Last 3Y
6.01%p.a.
Last 5Y
6.33%p.a.
Since Inception
About Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl 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 Monthly Reinvst of Inc Dis cum Cap Wdrl is Banking & PSU fund of its category with 12,964.37 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl delivered 7.5% annual returns during the last year. It has delivered 6.3% average annual returns since the fund was launched.
- Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
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.
Top 10 Holdings
7.1% Govt Stock 2034
7.18%
Export Import Bank Of India
6.72%
Indian Railway Finance Corporation Limited
5.13%
7.18% Govt Stock 2033
5.02%
Rural Electrification Corporation Limited
4.82%
Small Industries Development Bank Of India
4.72%
HDFC Bank Limited
3.93%
National Bank For Agriculture And Rural Development
3.58%
National Bank For Agriculture And Rural Development
3.06%
National Housing Bank
2.91%
Fund Managers
- Aditya Pagaria (Aug 2016 - Present)
- Hardik Shah (Jul 2023 - Present)
Key Information
View Scheme Document
Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl SIP Calculator
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NRI Mutual Fund Tax on Axis Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl
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 Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl?
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 Banking & PSU Debt Fund Monthly Reinvst of Inc Dis cum Cap Wdrl
- 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
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3Y Return
Axis Banking & PSU Debt Fund Weekly Reinvst of Inc Dis cum Cap Wdrl
moderate risk | debt
5.9%
Axis Banking & PSU Debt Fund Growth
moderate risk | debt
5.9%
Axis Banking & PSU Debt Fund Daily Reinvst of Inc Dis cum Cap Wdrl
moderate risk | debt
5.3%
Frequently Asked Questions
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