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
₹17.77
-0.95%
NAV as on 18 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 18 Nov 24, 12:00 AM
very high risk
equity other
equity
29.90%p.a.
Last 1Y
8.71%p.a.
Last 3Y
0.00%p.a.
Last 5Y
16.77%p.a.
Since Inception
About Axis Innovation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Innovation 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 Innovation Fund Growth is Equity - Other fund of its category with 1,225.58 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Axis Innovation Fund Growth delivered 29.9% annual returns during the last year. It has delivered 16.8% average annual returns since the fund was launched.
- Axis Innovation 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 equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).
Top 10 Holdings
ICICI Bank Ltd
3.32%
Info Edge (India) Ltd
3.26%
Zomato Ltd
3.25%
Torrent Power Ltd
3.09%
HDFC Bank Ltd
2.88%
Linde India Ltd
2.77%
Siemens Ltd
2.56%
Dixon Technologies (India) Ltd
2.52%
Pidilite Industries Ltd
2.36%
Divi's Laboratories Ltd
2.26%
Fund Managers
- Ashish Naik (Dec 2020 - Present)
- Mayank Hyanki (Apr 2024 - Present)
- Krishnaa N (Mar 2024 - Present)
Key Information
View Scheme Document
Axis Innovation Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Axis Innovation 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 Innovation 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 Innovation 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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