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

INVEST VIA NRE/NRO

Axis Children's Gift No Lock in Growth for NRI [24.06]

Min Investment

5,000

Fund Size

822.9 Cr

Expense Ratio

2.3%

Exit Load

3%

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

24.06

0.27%

NAV as on 20 Jun 24, 12:00 AM

very high risk

children

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

children

equity

18.31%p.a.

Last 1Y

10.01%p.a.

Last 3Y

12.14%p.a.

Last 5Y

10.26%p.a.

Since Inception

About Axis Children's Gift No Lock in Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Children's Gift No Lock in Growth scheme from Axis Asset Management Company Limited. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Dec 2015, Axis Children's Gift No Lock in Growth is Children fund of its category with 822.9 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.

  • Axis Children's Gift No Lock in Growth delivered 18.3% annual returns during the last year. It has delivered 10.3% average annual returns since the fund was launched.
  • Axis Children's Gift No Lock in Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related 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

ICICI Bank Ltd

5.22%

HDFC Bank Ltd

4.78%

7.25% Govt Stock 2063

4.30%

Reliance Industries Ltd

4.11%

7.18% Govt Stock 2037

3.68%

7.3% Govt Stock 2053

3.10%

Infosys Ltd

3.01%

Tata Consultancy Services Ltd

2.87%

Mahindra & Mahindra Ltd

2.64%

7.23% Govt Stock 2039

2.47%

Fund Managers

  1. Devang Shah (Apr 2024 - Present)
  2. Ashish Naik (Jul 2016 - Present)
  3. Hardik Shah (Feb 2023 - Present)
  4. Jayesh Sundar (Sep 2023 - Present)

Key Information

View Scheme Document

Axis Children's Gift No Lock in 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 Children's Gift No Lock in 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 Children's Gift No Lock in 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 Children's Gift No Lock in 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