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

INVEST VIA NRE/NRO

Axis Business Cycles Fund Growth for NRI [15.72]

Min Investment

100

Fund Size

2,699.44 Cr

Expense Ratio

2.0%

Exit Load

1%

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

15.72

0.26%

NAV as on 20 Jun 24, 12:00 AM

very high risk

equity other

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

equity other

equity

38.87%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

37.17%p.a.

Since Inception

About Axis Business Cycles Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Business Cycles 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 Feb 2023, Axis Business Cycles Fund Growth is Equity - Other fund of its category with 2,699.44 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.

  • Axis Business Cycles Fund Growth delivered 38.9% annual returns during the last year. It has delivered 37.2% average annual returns since the fund was launched.
  • Axis Business Cycles 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 provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

HDFC Bank Ltd

5.22%

ICICI Bank Ltd

4.96%

Reliance Industries Ltd

4.63%

State Bank of India

3.20%

Tata Consultancy Services Ltd

3.12%

CreditAccess Grameen Ltd Ordinary Shares

2.53%

Jindal Steel & Power Ltd

2.41%

Bharat Electronics Ltd

2.39%

RHI Magnesita India Ltd

2.24%

Sona BLW Precision Forgings Ltd

2.21%

Fund Managers

  1. Ashish Naik (Feb 2023 - Present)
  2. Mayank Hyanki (Apr 2024 - Present)

Key Information

View Scheme Document

Axis Business Cycles Fund 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 Business Cycles Fund 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 Business Cycles 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 Business Cycles 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

Frequently Asked Questions