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
₹28.90
-0.01%
NAV as on 16 Nov 24, 12:00 AM
moderate risk
short duration
debt
NAV as on 16 Nov 24, 12:00 AM
moderate risk
short duration
debt
8.07%p.a.
Last 1Y
5.92%p.a.
Last 3Y
6.34%p.a.
Last 5Y
7.49%p.a.
Since Inception
About Axis Short Duration Fund Retail Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Short Duration Fund Retail Growth scheme from Axis Asset Management Company Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Mar 2010, Axis Short Duration Fund Retail Growth is Short Duration fund of its category with 9,462.95 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- Axis Short Duration Fund Retail Growth delivered 8.1% annual returns during the last year. It has delivered 7.5% average annual returns since the fund was launched.
- Axis Short Duration Fund Retail Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
07.32 Goi 2030
11.31%
7.10%Goi 08/04/2034
10.18%
National Bank For Agriculture And Rural Development
2.10%
India Grid Trust
2.02%
National Bank For Agriculture And Rural Development
1.95%
Rural Electrification Corporation Limited
1.86%
Small Industries Development Bank Of India
1.80%
Power Finance Corporation Ltd.
1.59%
National Bank For Agriculture And Rural Development
1.59%
PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3
1.36%
Fund Managers
- Devang Shah (Nov 2012 - Present)
- Aditya Pagaria (Jul 2023 - Present)
Key Information
View Scheme Document
Axis Short Duration Fund Retail Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Short Duration Fund Retail 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 Short Duration Fund Retail 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 Short Duration Fund Retail 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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