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
₹1363.19
0.02%
NAV as on 12 Nov 24, 12:00 AM
low to moderate risk
money market
debt
NAV as on 12 Nov 24, 12:00 AM
low to moderate risk
money market
debt
7.79%p.a.
Last 1Y
6.46%p.a.
Last 3Y
5.94%p.a.
Last 5Y
6.05%p.a.
Since Inception
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.
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.
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%
View Scheme Document
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
low to moderate risk | debt
6.4%
low to moderate risk | debt
6.5%
low to moderate risk | debt
5.2%