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
₹24.33
0.05%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
government bond
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
government bond
debt
10.25%p.a.
Last 1Y
6.06%p.a.
Last 3Y
6.78%p.a.
Last 5Y
7.21%p.a.
Since Inception
About Axis Gilt Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Gilt Fund Growth scheme from Axis Asset Management Company Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Jan 2012, Axis Gilt Fund Growth is Government Bond fund of its category with 696.1 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- Axis Gilt Fund Growth delivered 10.3% annual returns during the last year. It has delivered 7.2% average annual returns since the fund was launched.
- Axis Gilt 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
The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Top 10 Holdings
7.34% Govt Stock 2064
20.87%
7.09% Govt Stock 2054
19.51%
7.1% Govt Stock 2034
13.87%
7.3% Govt Stock 2053
9.65%
7.18% Govt Stock 2033
8.48%
7.23% Govt Stock 2039
7.38%
7.32% Govt Stock 2030
4.41%
India (Republic of) 6.92%
3.59%
Maharashtra (Government of) 7.45%
1.59%
7.18% Govt Stock 2037
1.03%
Fund Managers
- Devang Shah (Nov 2012 - Present)
- Sachin Jain (Feb 2023 - Present)
Key Information
View Scheme Document
Axis Gilt Fund 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 Gilt 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 Gilt 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 Gilt 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
Similar Funds
Funds
3Y Return
ICICI Prudential Gilt Fund Growth
moderate risk | debt
6.2%
HDFC Gilt Fund Growth
moderate risk | gilt
5.4%
Aditya Birla Sun Life Government Securities Fund Plan Growth Payout
moderate risk | debt
5.7%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved