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
₹1228.95
0.04%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
floating rate
debt
9.40%p.a.
Last 1Y
6.71%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.51%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 232.97 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Axis Floater Fund Growth delivered 9.4% annual returns during the last year. It has delivered 6.5% 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
7.34% Govt Stock 2064
28.96%
7.3% Govt Stock 2053
15.52%
7.23% Govt Stock 2039
11.03%
6.79% Govt Stock 2034
8.56%
7.18% Govt Stock 2037
6.57%
7.1% Govt Stock 2034
6.54%
7.3% Govt Stock 2028
4.00%
Pipeline Infrastructure Ltd. 7.96%
2.18%
Pipeline Infrastructure Pvt Ltd.
2.17%
Muthoot Finance Limited
2.16%
Fund Managers
- Aditya Pagaria (Jul 2021 - Present)
- Hardik Shah (Jan 2022 - Present)
Key Information
View Scheme Document
Axis Floater Fund Growth SIP Calculator
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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 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 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
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Frequently Asked Questions
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