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

INVEST VIA NRE/NRO

Axis Equity ETFs FoF Growth for NRI [15.58]

Min Investment

5,000

Fund Size

19.11 Cr

Expense Ratio

0.3%

Exit Load

1%

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

15.58

0.17%

NAV as on 20 Jun 24, 12:00 AM

very high risk

fund of funds

fof

NAV as on 20 Jun 24, 12:00 AM

very high risk

fund of funds

fof

38.06%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

18.81%p.a.

Since Inception

About Axis Equity ETFs FoF Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Equity ETFs FoF Growth scheme from Axis Asset Management Company Limited. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Feb 2022, Axis Equity ETFs FoF Growth is Fund of Funds fund of its category with 19.11 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • Axis Equity ETFs FoF Growth delivered 38.1% annual returns during the last year. It has delivered 18.8% average annual returns since the fund was launched.
  • Axis Equity ETFs FoF Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in fof

Fund Objective

To provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 8 Holdings

SBI Nifty Next 50 ETF

23.48%

Nippon India ETF Nifty Midcap 150

16.78%

Axis NIFTY Bank ETF

16.78%

Axis NIFTY India Consumption ETF

14.83%

Axis NIFTY 50 ETF

13.04%

Axis NIFTY IT ETF

6.28%

Axis NIFTY Healthcare ETF

4.02%

CPSE ETF

1.03%

Fund Managers

  1. Shreyash Devalkar (Feb 2022 - Present)
  2. Karthik Kumar (Aug 2023 - Present)

Key Information

View Scheme Document

Axis Equity ETFs FoF 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 Equity ETFs FoF 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 Equity ETFs FoF 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 Equity ETFs FoF 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