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
₹15.42
-0.37%
NAV as on 11 Nov 24, 12:00 AM
very high risk
fund of funds
fof
NAV as on 11 Nov 24, 12:00 AM
very high risk
fund of funds
fof
29.28%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
17.76%p.a.
Since Inception
About Axis Equity ETFs FoF Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Equity ETFs FoF Growth scheme from Axis Asset Management Company Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Feb 2022, Axis Equity ETFs FoF Growth is Fund of Funds fund of its category with 24.26 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.
- Axis Equity ETFs FoF Growth delivered 29.3% annual returns during the last year. It has delivered 17.8% average annual returns since the fund was launched.
- Axis Equity ETFs FoF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in fof
Fund Objective
To provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 4 Holdings
ICICI Pru Nifty 100 Low Vol 30 ETF
24.52%
SBI NIFTY 200 Quality 30 ETF
24.12%
ICICI Pru Nifty 200 Momentum 30 ETF
24.06%
Motilal Oswal BSE Enhanced Value ETF
23.55%
Fund Managers
- Shreyash Devalkar (Feb 2022 - Present)
- Karthik Kumar (Aug 2023 - Present)
Key Information
View Scheme Document
Axis Equity ETFs FoF Growth SIP Calculator
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This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Axis Equity ETFs FoF 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 Equity ETFs FoF 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 Equity ETFs FoF 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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