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
₹86.06
0.05%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
32.81%p.a.
Last 1Y
12.00%p.a.
Last 3Y
14.15%p.a.
Last 5Y
16.17%p.a.
Since Inception
About Axis ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis ELSS Tax Saver Fund Growth scheme from Axis Asset Management Company Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2009, Axis ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 35,473.88 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Axis ELSS Tax Saver Fund Growth delivered 32.8% annual returns during the last year. It has delivered 16.2% average annual returns since the fund was launched.
- Axis ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
Torrent Power Ltd
6.62%
Bajaj Finance Ltd
6.21%
Tata Consultancy Services Ltd
5.97%
Avenue Supermarts Ltd
5.69%
HDFC Bank Ltd
4.50%
Pidilite Industries Ltd
4.34%
Nestle India Ltd
3.59%
Info Edge (India) Ltd
3.38%
Cholamandalam Investment and Finance Co Ltd
2.95%
PI Industries Ltd
2.92%
Fund Managers
- Shreyash Devalkar (Aug 2023 - Present)
- Ashish Naik (Aug 2023 - Present)
Key Information
View Scheme Document
Axis ELSS Tax Saver Fund Growth SIP Calculator
If invested
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For a period of
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This Fund
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NRI Mutual Fund Tax on Axis ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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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