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
₹15.65
-0.46%
NAV as on 17 Dec 24, 12:00 AM
high risk
retirement
debt
NAV as on 17 Dec 24, 12:00 AM
high risk
retirement
debt
13.98%p.a.
Last 1Y
7.31%p.a.
Last 3Y
0.00%p.a.
Last 5Y
9.31%p.a.
Since Inception
About Axis Retirement Fund - Conservative Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Retirement Fund - Conservative Plan Growth scheme from Axis Asset Management Company Limited. It is a Retirement mutual fund scheme that predominantly invests in Retirement stocks of companies. Launched on Dec 2019, Axis Retirement Fund - Conservative Plan Growth is Retirement fund of its category with 73.62 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Retirement funds.
- Axis Retirement Fund - Conservative Plan Growth delivered 14.0% annual returns during the last year. It has delivered 9.3% average annual returns since the fund was launched.
- Axis Retirement Fund - Conservative Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals. However, there can be no assurance that the investment objective of the Scheme will be achieved. To generate regular income through investments predominantly in debt and money market instruments and to generate long term capital appreciation by investing certain portion of the portfolio in equity and equity related securities. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Top 10 Holdings
7.18% Govt Stock 2037
27.82%
7.25% Govt Stock 2063
9.04%
7.34% Govt Stock 2064
7.05%
7.3% Govt Stock 2053
7.02%
Power Finance Corporation Limited
5.71%
Reliance Industries Ltd
2.97%
Infosys Ltd
2.47%
Power Grid Corp Of India Ltd
2.38%
Mahindra & Mahindra Ltd
2.36%
Apollo Hospitals Enterprise Ltd
2.23%
Fund Managers
- Devang Shah (Apr 2024 - Present)
- Nitin Arora (May 2023 - Present)
- Hardik Shah (Apr 2024 - Present)
- Jayesh Sundar (Jan 2024 - Present)
- Krishnaa N (Mar 2024 - Present)
Key Information
View Scheme Document
Axis Retirement Fund - Conservative Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Retirement Fund - Conservative Plan 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 Retirement Fund - Conservative Plan 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 Retirement Fund - Conservative Plan 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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