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
₹1160.02
-0.04%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
floating rate
debt
6.74%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.84%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Axis Floater Fund Growth scheme from Axis Asset Management Company Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Jul 2021, Axis Floater Fund Growth is Floating Rate fund of its category with 262.28 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
To generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
7.18% Govt Stock 2037
28.54%
7.26% Govt Stock 2033
26.82%
Chhattisgarh (Government of) 7.47%
9.54%
Uttar Pradesh (Government of) 7.48%
7.64%
7.3% Govt Stock 2053
5.74%
Chhattisgarh (Government of) 7.39%
5.69%
Pipeline Infrastructure Ltd. 7.96%
3.84%
7.69% Govt Stock 2028
3.53%
7.32% Govt Stock 2030
1.92%
Pipeline Infrastructure Ltd. 7.96%
1.91%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
moderate risk | debt
6.0%
moderate risk | debt
5.5%
moderate risk | debt
5.8%