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
₹9.28
0.32%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity consumption
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-5.40%p.a.
Since Inception
About Axis Consumption Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Consumption Fund Growth scheme from Axis Asset Management Company Limited. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Sep 2024, Axis Consumption Fund Growth is Equity - Consumption fund of its category with 4,461.44 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Axis Consumption Fund Growth delivered 0.0% annual returns during the last year. It has delivered -5.4% average annual returns since the fund was launched.
- Axis Consumption 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 from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors.
Top 10 Holdings
Bharti Airtel Ltd
8.55%
Bajaj Auto Ltd
5.79%
Mahindra & Mahindra Ltd
5.03%
Zomato Ltd
4.66%
Trent Ltd
4.24%
Hindustan Unilever Ltd
3.65%
ITC Ltd
3.48%
Varun Beverages Ltd
2.41%
Titan Co Ltd
2.23%
Indian Hotels Co Ltd
1.76%
Fund Managers
- Shreyash Devalkar (Sep 2024 - Present)
- Hitesh Das (Sep 2024 - Present)
- Krishnaa N (Sep 2024 - Present)
Key Information
View Scheme Document
Axis Consumption 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 Consumption 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 Consumption 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 Consumption 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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