NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Axis Corporate Bond Fund Growth for NRI [16.27]

Min Investment

100

Fund Size

5,899.7 Cr

Expense Ratio

0.9%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

16.27

0.05%

NAV as on 10 Dec 24, 12:00 AM

moderate risk

corporate bond

debt

NAV as on 10 Dec 24, 12:00 AM

moderate risk

corporate bond

debt

8.52%p.a.

Last 1Y

6.13%p.a.

Last 3Y

6.78%p.a.

Last 5Y

6.76%p.a.

Since Inception

About Axis Corporate Bond Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Corporate Bond Fund Growth scheme from Axis Asset Management Company Limited. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Jul 2017, Axis Corporate Bond Fund Growth is Corporate Bond fund of its category with 5,899.7 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.

  • Axis Corporate Bond Fund Growth delivered 8.5% annual returns during the last year. It has delivered 6.8% average annual returns since the fund was launched.
  • Axis Corporate Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized.

Top 10 Holdings

7.1% Govt Stock 2034

7.15%

7.18% Govt Stock 2033

3.37%

7.26% Govt Stock 2033

2.69%

Small Industries Development Bank Of India

2.55%

Summit Digitel Infrastructure Limited

2.33%

Power Finance Corp Ltd. 7.6%

2.31%

7.32% Govt Stock 2030

2.23%

Mahindra & Mahindra Financial Services Ltd

2.21%

Kohima Mariani Transmission Limited

2.00%

7.93% Govt Stock 2033

1.84%

Fund Managers

  1. Devang Shah (Jul 2017 - Present)
  2. Hardik Shah (Jan 2022 - Present)

Key Information

View Scheme Document

Axis Corporate Bond Fund Growth SIP Calculator

If invested

5,000

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 Corporate Bond Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Axis Corporate Bond 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 Corporate Bond 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

Frequently Asked Questions