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

INVEST VIA NRE/NRO

Axis Floater Fund Growth for NRI [1191.43]

Min Investment

5,000

Fund Size

256.09 Cr

Expense Ratio

0.6%

Exit Load

0%

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

1191.43

-0.01%

NAV as on 14 Jul 24, 12:00 AM

moderate risk

floating rate

debt

NAV as on 14 Jul 24, 12:00 AM

moderate risk

floating rate

debt

8.26%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

6.06%p.a.

Since Inception

About Axis Floater Fund Growth for NRIs

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 256.09 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.

  • Axis Floater Fund Growth delivered 8.3% annual returns during the last year. It has delivered 6.1% average annual returns since the fund was launched.
  • Axis Floater 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

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.

Top 10 Holdings

7.26% Govt Stock 2033

27.67%

7.18% Govt Stock 2037

23.70%

7.3% Govt Stock 2053

12.06%

7.34% Govt Stock 2064

8.06%

7.46% Govt Stock 2073

4.51%

7.32% Govt Stock 2030

3.96%

7.72% Govt Stock 2028

3.62%

7.1% Govt Stock 2034

2.95%

Pipeline Infrastructure Ltd. 7.96%

1.97%

Pipeline Infrastructure Ltd. 7.96%

1.96%

Fund Managers

  1. Aditya Pagaria (Jul 2021 - Present)
  2. Hardik Shah (Jan 2022 - Present)

Key Information

View Scheme Document

Axis Floater 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 Floater 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 Floater 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 Floater 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