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
₹28.89
-0.33%
NAV as on 17 Dec 24, 12:00 AM
very high risk
conservative allocation
hybrid (c)
NAV as on 17 Dec 24, 12:00 AM
very high risk
conservative allocation
hybrid (c)
8.69%p.a.
Last 1Y
5.82%p.a.
Last 3Y
8.27%p.a.
Last 5Y
7.62%p.a.
Since Inception
About Axis Conservative Hybrid Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Conservative Hybrid Fund Growth scheme from Axis Asset Management Company Limited. It is a Conservative Allocation mutual fund scheme that predominantly invests in Conservative Allocation stocks of companies. Launched on Jul 2010, Axis Conservative Hybrid Fund Growth is Conservative Allocation fund of its category with 297.57 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Conservative Allocation funds.
- Axis Conservative Hybrid Fund Growth delivered 8.7% annual returns during the last year. It has delivered 7.6% average annual returns since the fund was launched.
- Axis Conservative Hybrid Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (c)
Fund Objective
The scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk thorough active asset allocation.
Top 10 Holdings
Government Of India 6.92%
12.52%
HDFC Bank Limited
8.50%
7.18% Govt Stock 2033
7.23%
91 DTB 05122024
6.72%
7.34% Govt Stock 2064
5.25%
7.25% Govt Stock 2063
5.17%
Power Finance Corporation Ltd.
5.15%
Motherson Sumi Systems Limited
3.37%
India Grid TRust
3.31%
7.18% Govt Stock 2037
3.11%
Fund Managers
- Devang Shah (Jun 2016 - Present)
- Sachin Jain (Sep 2020 - Present)
- Jayesh Sundar (Sep 2023 - Present)
Key Information
View Scheme Document
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NRI Mutual Fund Tax on Axis Conservative Hybrid 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 Conservative Hybrid 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 Conservative Hybrid 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
Frequently Asked Questions
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