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
₹13.60
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
ultra short duration
debt
6.75%p.a.
Last 1Y
5.05%p.a.
Last 3Y
5.31%p.a.
Last 5Y
5.59%p.a.
Since Inception
About Axis Ultra Short Term Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Ultra Short Term Fund Growth scheme from Axis Asset Management Company Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Sep 2018, Axis Ultra Short Term Fund Growth is Ultra Short Duration fund of its category with 4,483.82 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Axis Ultra Short Term Fund Growth delivered 6.8% annual returns during the last year. It has delivered 5.6% average annual returns since the fund was launched.
- Axis Ultra Short Term Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.
Top 10 Holdings
Punjab National Bank
6.40%
Power Finance Corporation Limited
4.44%
182 DTB 29082024
4.35%
Godrej Industries Limited
3.90%
Bharti Telecom Limited
2.23%
Kotak Mahindra Prime Limited
2.20%
India (Republic of)
2.18%
Yarrow Infrastructure Private Limited
2.10%
Indusind Bank Ltd.
2.09%
Tata Realty And Infrastructure Limited
1.78%
Fund Managers
- Aditya Pagaria (Sep 2018 - Present)
- Sachin Jain (Sep 2020 - Present)
Key Information
View Scheme Document
Axis Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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
Similar Funds
Funds
3Y Return
ICICI Prudential Ultra Short Term Fund Growth
moderate risk | debt
5.6%
HDFC Ultra S/T Fund Growth
moderate risk | debt
5.4%
Aditya Birla Sun Life Savings Fund Fund Retail Growth
moderate risk | debt
5.8%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved