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
₹16.91
0.48%
NAV as on 17 Nov 24, 12:00 AM
very high risk
multi cap
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
multi cap
equity
38.95%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
21.22%p.a.
Since Inception
About Axis Multicap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Multicap Fund Growth scheme from Axis Asset Management Company Limited. It is a Multi-Cap mutual fund scheme that predominantly invests in Multi-Cap stocks of companies. Launched on Dec 2021, Axis Multicap Fund Growth is Multi-Cap fund of its category with 6,817.21 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi-Cap funds.
- Axis Multicap Fund Growth delivered 39.0% annual returns during the last year. It has delivered 21.2% average annual returns since the fund was launched.
- Axis Multicap 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 generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
ICICI Bank Ltd
4.31%
HDFC Bank Ltd
2.93%
Mahindra & Mahindra Ltd
2.76%
Blue Star Ltd
2.61%
Persistent Systems Ltd
2.56%
Cholamandalam Investment and Finance Co Ltd
2.51%
Minda Corp Ltd
2.50%
Brigade Enterprises Ltd
2.46%
Reliance Industries Ltd
2.39%
Infosys Ltd
2.17%
Fund Managers
- Shreyash Devalkar (Mar 2023 - Present)
- Sachin Jain (Dec 2021 - Present)
- Hitesh Das (May 2023 - Present)
- Nitin Arora (May 2023 - Present)
Key Information
View Scheme Document
Axis Multicap 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 Multicap 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 Multicap 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 Multicap 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
Nippon India Multi Cap Fund - Growth
very high risk | equity
22.6%
SBI Multicap Fund Growth
very high risk | equity
0.0%
HDFC Multi Cap Fund Growth
very high risk | equity
0.0%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved