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
₹16.11
0.37%
NAV as on 29 Apr 24, 12:00 AM
very high risk
equity other
equity
NAV as on 29 Apr 24, 12:00 AM
very high risk
equity other
equity
35.26%p.a.
Last 1Y
14.19%p.a.
Last 3Y
0.00%p.a.
Last 5Y
14.44%p.a.
Since Inception
About Axis Special Situations Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Special Situations Fund Growth scheme from Axis Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Dec 2020, Axis Special Situations Fund Growth is Equity - Other fund of its category with 1,202.39 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Axis Special Situations Fund Growth delivered 35.3% annual returns during the last year. It has delivered 14.4% average annual returns since the fund was launched.
- Axis Special Situations 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 generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
ICICI Bank Ltd
4.79%
Linde India Ltd
4.14%
Zomato Ltd
4.06%
Info Edge (India) Ltd
3.96%
Torrent Power Ltd
3.79%
Bajaj Finance Ltd
2.94%
Pidilite Industries Ltd
2.73%
Sona BLW Precision Forgings Ltd
2.50%
HDFC Bank Ltd
2.45%
Siemens Ltd
2.45%
Fund Managers
- Ashish Naik (Dec 2020 - Present)
- Mayank Hyanki (Apr 2024 - Present)
- Krishnaa N (Mar 2024 - Present)
Key Information
View Scheme Document
Axis Special Situations Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Special Situations 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 Special Situations 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 Special Situations 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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