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
₹16.77
0.30%
NAV as on 16 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 16 Dec 24, 12:00 AM
very high risk
equity other
equity
26.76%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
31.58%p.a.
Since Inception
About Axis Business Cycles Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Business Cycles Fund Growth scheme from Axis Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Feb 2023, Axis Business Cycles Fund Growth is Equity - Other fund of its category with 2,611.73 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Axis Business Cycles Fund Growth delivered 26.8% annual returns during the last year. It has delivered 31.6% average annual returns since the fund was launched.
- Axis Business Cycles 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 provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HDFC Bank Ltd
5.67%
ICICI Bank Ltd
5.45%
Larsen & Toubro Ltd
2.96%
Bharti Airtel Ltd
2.82%
UltraTech Cement Ltd
2.64%
InterGlobe Aviation Ltd
2.39%
Tata Consultancy Services Ltd
2.32%
Reliance Industries Ltd
2.21%
Infosys Ltd
2.20%
Mahindra & Mahindra Ltd
1.93%
Fund Managers
- Ashish Naik (Feb 2023 - Present)
- Mayank Hyanki (Apr 2024 - Present)
Key Information
View Scheme Document
Axis Business Cycles Fund Growth SIP Calculator
If invested
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For a period of
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Fixed Deposit
NRI Mutual Fund Tax on Axis Business Cycles 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 Business Cycles 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 Business Cycles 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
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Frequently Asked Questions
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