NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Axis Arbitrage Growth for NRI [17.48]

Min Investment

500

Fund Size

4,938.62 Cr

Expense Ratio

1.0%

Exit Load

0.25%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

17.48

0.04%

NAV as on 22 Jun 24, 12:00 AM

low risk

arbitrage fund

equity

NAV as on 22 Jun 24, 12:00 AM

low risk

arbitrage fund

equity

7.79%p.a.

Last 1Y

5.70%p.a.

Last 3Y

5.21%p.a.

Last 5Y

5.80%p.a.

Since Inception

About Axis Arbitrage Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Arbitrage Growth scheme from Axis Asset Management Company Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Aug 2014, Axis Arbitrage Growth is Arbitrage Fund fund of its category with 4,938.62 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.

  • Axis Arbitrage Growth delivered 7.8% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
  • Axis Arbitrage 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 income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Top 10 Holdings

Axis Money Market Dir Gr

9.04%

Hdfc Bank Limited June 2024 Future

6.10%

HDFC Bank Ltd

6.08%

Future on Reliance Industries Ltd

4.06%

Reliance Industries Ltd

4.03%

Future on Vodafone Idea Ltd

3.10%

Vodafone Idea Ltd

3.07%

Future on Bharat Electronics Ltd

2.99%

Bharat Electronics Ltd

2.97%

Future on Bank of Baroda

2.72%

Fund Managers

  1. Devang Shah (Aug 2014 - Present)
  2. Sachin Jain (Nov 2021 - Present)
  3. Ashish Naik (May 2022 - Present)
  4. Karthik Kumar (Jul 2023 - Present)

Key Information

View Scheme Document

Axis Arbitrage Growth SIP Calculator

If invested

5,000

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 Arbitrage Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Axis Arbitrage 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 Arbitrage 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

Frequently Asked Questions