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
₹21.29
0.09%
NAV as on 16 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
NAV as on 16 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
15.71%p.a.
Last 1Y
7.39%p.a.
Last 3Y
9.72%p.a.
Last 5Y
8.62%p.a.
Since Inception
About Axis Equity Savings Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Equity Savings Fund Plan Growth scheme from Axis Asset Management Company Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Aug 2015, Axis Equity Savings Fund Plan Growth is Equity Savings fund of its category with 1,008.21 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- Axis Equity Savings Fund Plan Growth delivered 15.7% annual returns during the last year. It has delivered 8.6% average annual returns since the fund was launched.
- Axis Equity Savings Fund Plan 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 provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HDFC Bank Ltd
9.25%
Hdfc Bank Limited October 2024 Future
7.95%
7.25% Govt Stock 2063
6.72%
Reliance Industries Ltd
6.28%
Bank Nifty Index October 2024 Future
4.50%
Future on Reliance Industries Ltd
4.33%
Larsen & Toubro Ltd
3.38%
Tata Consultancy Services Ltd
2.92%
Hindustan Unilever Ltd
2.64%
ICICI Bank Ltd
2.50%
Fund Managers
- Devang Shah (Apr 2024 - Present)
- Hitesh Das (Jan 2023 - Present)
- Hardik Shah (Feb 2023 - Present)
- Mayank Hyanki (May 2024 - Present)
Key Information
View Scheme Document
Axis Equity Savings Fund Plan 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 Equity Savings Fund Plan 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 Savings Fund Plan 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 Savings Fund Plan 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
Similar Funds
Funds
3Y Return
SBI Equity Savings Growth
moderately high risk | equity
9.4%
HDFC Equity Savings Fund Growth
moderately high risk | hybrid (nc)
9.2%
Mirae Asset Equity Savings Fund Growth
moderately high risk | equity
8.6%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved