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
₹10.02
-1.62%
NAV as on 17 Dec 24, 12:00 AM
very high risk
value
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
value
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-0.33%p.a.
Since Inception
About Axis Nifty500 Value 50 Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Nifty500 Value 50 Index Fund Growth scheme from Axis Asset Management Company Limited. It is a Value mutual fund scheme that predominantly invests in Value stocks of companies. Launched on Oct 2024, Axis Nifty500 Value 50 Index Fund Growth is Value fund of its category with 75.54 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Value funds.
- Axis Nifty500 Value 50 Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered -0.3% average annual returns since the fund was launched.
- Axis Nifty500 Value 50 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 correspond to the Nifty500 Value 50 TRI subject to tracking error.
Top 10 Holdings
State Bank of India
5.45%
Grasim Industries Ltd
5.08%
NTPC Ltd
5.03%
Power Grid Corp Of India Ltd
5.00%
Coal India Ltd
4.82%
Hindalco Industries Ltd
4.81%
Vedanta Ltd
4.75%
Oil & Natural Gas Corp Ltd
4.71%
Tata Steel Ltd
4.63%
Indian Oil Corp Ltd
3.68%
Fund Managers
- Karthik Kumar (Oct 2024 - Present)
Key Information
View Scheme Document
Axis Nifty500 Value 50 Index Fund Growth SIP Calculator
If invested
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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 Nifty500 Value 50 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 Nifty500 Value 50 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 Nifty500 Value 50 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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