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
₹21.73
-0.29%
NAV as on 16 Dec 24, 12:00 AM
very high risk
index funds
equity
NAV as on 16 Dec 24, 12:00 AM
very high risk
index funds
equity
18.94%p.a.
Last 1Y
13.65%p.a.
Last 3Y
16.15%p.a.
Last 5Y
15.85%p.a.
Since Inception
About Axis Nifty 100 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Nifty 100 Index Fund Growth scheme from Axis Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Oct 2019, Axis Nifty 100 Index Fund Growth is Index Funds fund of its category with 1,662.06 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- Axis Nifty 100 Index Fund Growth delivered 18.9% annual returns during the last year. It has delivered 15.8% average annual returns since the fund was launched.
- Axis Nifty 100 Index 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 provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HDFC Bank Ltd
9.89%
ICICI Bank Ltd
6.84%
Reliance Industries Ltd
6.79%
Infosys Ltd
4.76%
ITC Ltd
3.42%
Bharti Airtel Ltd
3.25%
Larsen & Toubro Ltd
3.20%
Tata Consultancy Services Ltd
3.05%
Axis Bank Ltd
2.48%
State Bank of India
2.37%
Fund Managers
- Ashish Naik (Oct 2019 - Present)
- Karthik Kumar (Aug 2023 - Present)
Key Information
View Scheme Document
Axis Nifty 100 Index Fund Growth SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Axis Nifty 100 Index 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 Nifty 100 Index 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 Nifty 100 Index 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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