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
₹25.84
-0.65%
NAV as on 17 Dec 24, 12:00 AM
very high risk
children
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
children
equity
18.45%p.a.
Last 1Y
7.78%p.a.
Last 3Y
12.49%p.a.
Last 5Y
10.98%p.a.
Since Inception
About Axis Children's Lock in Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Children's Lock in Growth scheme from Axis Asset Management Company Limited. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Dec 2015, Axis Children's Lock in Growth is Children fund of its category with 897.24 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.
- Axis Children's Lock in Growth delivered 18.4% annual returns during the last year. It has delivered 11.0% average annual returns since the fund was launched.
- Axis Children's Lock in Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related 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
ICICI Bank Ltd
5.25%
HDFC Bank Ltd
5.08%
7.3% Govt Stock 2053
4.60%
Infosys Ltd
4.12%
7.25% Govt Stock 2063
3.98%
7.34% Govt Stock 2064
3.46%
Reliance Industries Ltd
3.39%
7.18% Govt Stock 2037
2.85%
Mahindra & Mahindra Ltd
2.77%
Fortis Healthcare Ltd
2.12%
Fund Managers
- Devang Shah (Apr 2024 - Present)
- Ashish Naik (Jul 2016 - Present)
- Hardik Shah (Feb 2023 - Present)
- Jayesh Sundar (Sep 2023 - Present)
Key Information
View Scheme Document
Axis Children's Lock in Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Children's Lock in 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 Children's Lock in 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 Children's Lock in 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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