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
₹1363.76
0.02%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
money market
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
money market
debt
7.77%p.a.
Last 1Y
6.48%p.a.
Last 3Y
5.93%p.a.
Last 5Y
6.05%p.a.
Since Inception
About Axis Money Market Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Money Market Fund Growth scheme from Axis Asset Management Company Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Aug 2019, Axis Money Market Fund Growth is Money Market fund of its category with 17,548.8 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Axis Money Market Fund Growth delivered 7.8% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
- Axis Money Market 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 of money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HDFC Bank Ltd.
1.87%
182 DTB 18102024
1.67%
India (Republic of)
1.11%
Small Industries Development Bank of India
1.11%
364 DTB 21112024
0.99%
07.89 GJ Sdl 2025
0.86%
08.03 GJ Sdl 2025
0.84%
Union Bank of India
0.84%
IDFC First Bank Ltd.
0.83%
08.25 MH Sdl 2025
0.80%
Fund Managers
- Devang Shah (Aug 2019 - Present)
- Aditya Pagaria (Aug 2019 - Present)
- Sachin Jain (Nov 2021 - Present)
Key Information
View Scheme Document
Axis Money Market 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 Money Market 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 Money Market 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 Money Market 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
HDFC Money Market Growth
low to moderate risk | debt
6.4%
ICICI Prudential Money Market Fund Growth
low to moderate risk | debt
6.5%
Tata Money Market Fund Growth
low to moderate risk | debt
6.5%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved