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
₹20.09
-0.79%
NAV as on 17 Dec 24, 12:00 AM
very high risk
retirement
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
retirement
equity
29.36%p.a.
Last 1Y
12.87%p.a.
Last 3Y
0.00%p.a.
Last 5Y
14.58%p.a.
Since Inception
About Axis Retirement Fund - Dynamic Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Retirement Fund - Dynamic 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 - Dynamic Plan Growth is Retirement fund of its category with 385.46 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 - Dynamic Plan Growth delivered 29.4% annual returns during the last year. It has delivered 14.6% average annual returns since the fund was launched.
- Axis Retirement Fund - Dynamic Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
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. The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset allocation. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Top 10 Holdings
ICICI Bank Ltd
5.63%
HDFC Bank Ltd
4.80%
7.3% Govt Stock 2053
4.01%
Reliance Industries Ltd
3.87%
Infosys Ltd
3.54%
7.25% Govt Stock 2063
2.38%
Tata Consultancy Services Ltd
2.28%
Bajaj Finance Ltd
2.25%
Torrent Power Ltd
2.24%
Info Edge (India) Ltd
2.17%
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 - Dynamic Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Retirement Fund - Dynamic 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 - Dynamic 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 - Dynamic 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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Frequently Asked Questions
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