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

INVEST VIA NRE/NRO

Axis Equity Hybrid Fund Growth for NRI [18.95]

Min Investment

500

Fund Size

1,575.04 Cr

Expense Ratio

2.1%

Exit Load

1%

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

18.95

0.16%

NAV as on 20 Jun 24, 12:00 AM

very high risk

aggressive allocation

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

aggressive allocation

equity

20.47%p.a.

Last 1Y

10.86%p.a.

Last 3Y

12.68%p.a.

Last 5Y

10.72%p.a.

Since Inception

About Axis Equity Hybrid Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Equity Hybrid Fund Growth scheme from Axis Asset Management Company Limited. It is a Aggressive Allocation mutual fund scheme that predominantly invests in Aggressive Allocation stocks of companies. Launched on Aug 2018, Axis Equity Hybrid Fund Growth is Aggressive Allocation fund of its category with 1,575.04 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Aggressive Allocation funds.

  • Axis Equity Hybrid Fund Growth delivered 20.5% annual returns during the last year. It has delivered 10.7% average annual returns since the fund was launched.
  • Axis Equity Hybrid 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 generate long term capital appreciation along with current income by investing in a mix of Equity and Equity related Instruments, debt Instruments 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

ICICI Bank Ltd

6.24%

HDFC Bank Ltd

4.92%

7.18% Govt Stock 2037

3.84%

7.25% Govt Stock 2063

3.53%

Reliance Industries Ltd

3.02%

Infosys Ltd

2.85%

Mahindra & Mahindra Ltd

2.83%

Tata Consultancy Services Ltd

2.70%

Bharti Airtel Ltd

2.67%

PI Industries Ltd

2.39%

Fund Managers

  1. Devang Shah (Apr 2024 - Present)
  2. Aditya Pagaria (Feb 2023 - Present)
  3. Ashish Naik (Aug 2018 - Present)
  4. Jayesh Sundar (Sep 2023 - Present)

Key Information

View Scheme Document

Axis Equity Hybrid 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 Equity Hybrid 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 Equity Hybrid 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 Equity Hybrid 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