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
₹1181.22
-0.34%
NAV as on 17 Nov 24, 12:00 AM
moderate risk
long duration
debt
NAV as on 17 Nov 24, 12:00 AM
moderate risk
long duration
debt
11.61%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
9.65%p.a.
Since Inception
About Axis Long Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Long Duration Fund Growth scheme from Axis Asset Management Company Limited. It is a Long Duration mutual fund scheme that predominantly invests in Long Duration stocks of companies. Launched on Dec 2022, Axis Long Duration Fund Growth is Long Duration fund of its category with 467.08 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Long Duration funds.
- Axis Long Duration Fund Growth delivered 11.6% annual returns during the last year. It has delivered 9.7% average annual returns since the fund was launched.
- Axis Long Duration 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 optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 5 Holdings
7.36% Govt Stock 2052
37.41%
7.34% Govt Stock 2064
32.91%
7.25% Govt Stock 2063
22.43%
7.30 Goi 19062053
1.69%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2
0.16%
Fund Managers
- Devang Shah (Dec 2022 - Present)
- Hardik Shah (Dec 2022 - Present)
Key Information
View Scheme Document
Axis Long Duration Fund Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Axis Long Duration 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 Long Duration 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 Long Duration 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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