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
₹13.65
0.00%
NAV as on 16 Dec 24, 12:00 AM
very high risk
global other
equity
NAV as on 16 Dec 24, 12:00 AM
very high risk
global other
equity
28.17%p.a.
Last 1Y
7.46%p.a.
Last 3Y
0.00%p.a.
Last 5Y
8.09%p.a.
Since Inception
About Axis Global Innovation Fund of Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Global Innovation Fund of Fund Growth scheme from Axis Asset Management Company Limited. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on May 2021, Axis Global Innovation Fund of Fund Growth is Global - Other fund of its category with 497.9 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.
- Axis Global Innovation Fund of Fund Growth delivered 28.2% annual returns during the last year. It has delivered 8.1% average annual returns since the fund was launched.
- Axis Global Innovation Fund of Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To provide long term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha, a fund that aims to provide capital growth by investing in equity and equity related securities of companies worldwide. The Scheme may also invest a part of corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time.However, there can be no assurance that the investment objective of the Scheme will be realized.
Top 1 Holdings
Schroder ISF Global Disruption XUSDAcc
96.56%
Fund Managers
- Krishnaa N (Mar 2024 - Present)
Key Information
View Scheme Document
Axis Global Innovation Fund of Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Global Innovation Fund of 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 Global Innovation Fund of 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 Global Innovation Fund of 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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