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
₹14.10
0.02%
NAV as on 17 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
NAV as on 17 Nov 24, 12:00 AM
moderate risk
ultra short duration
debt
7.03%p.a.
Last 1Y
5.75%p.a.
Last 3Y
5.20%p.a.
Last 5Y
5.72%p.a.
Since Inception
About Axis Ultra Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Axis Ultra Short Duration 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 Duration Fund Growth is Ultra Short Duration fund of its category with 6,018.53 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Axis Ultra Short Duration Fund Growth delivered 7.0% annual returns during the last year. It has delivered 5.7% average annual returns since the fund was launched.
- Axis Ultra Short Duration 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
National Bank For Agriculture And Rural Development
4.80%
Bharti Telecom Limited
3.32%
Power Finance Corporation Limited
2.49%
LIC Housing Finance Limited
2.47%
ICICI Home Finance Company Limited
1.83%
08.36 MH Sdl 2026
1.71%
PTC - INDIA UNIVERSAL TRUST AL1-SERIES A1
1.66%
India Infradebt Limited
1.66%
Indusind Bank Ltd.
1.62%
Indostar Capital Finance Limited
1.41%
Fund Managers
- Sachin Jain (Sep 2020 - Present)
- Hardik Shah (Nov 2024 - Present)
Key Information
View Scheme Document
Axis Ultra Short Duration Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Axis Ultra Short Duration 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 Duration 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 Duration 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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Frequently Asked Questions
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