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

INVEST VIA NRE/NRO

Axis Equity Saver Fund Plan Growth for NRI [20.70]

Min Investment

500

Fund Size

900.23 Cr

Expense Ratio

2.3%

Exit Load

1%

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

20.70

0.00%

NAV as on 20 Jun 24, 12:00 AM

moderately high risk

equity savings

equity

NAV as on 20 Jun 24, 12:00 AM

moderately high risk

equity savings

equity

17.68%p.a.

Last 1Y

9.61%p.a.

Last 3Y

9.75%p.a.

Last 5Y

8.36%p.a.

Since Inception

About Axis Equity Saver Fund Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Equity Saver Fund Plan Growth scheme from Axis Asset Management Company Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Aug 2015, Axis Equity Saver Fund Plan Growth is Equity Savings fund of its category with 900.23 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.

  • Axis Equity Saver Fund Plan Growth delivered 17.7% annual returns during the last year. It has delivered 8.4% average annual returns since the fund was launched.
  • Axis Equity Saver Fund Plan 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 provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

Top 10 Holdings

Reliance Industries Ltd

7.94%

7.25% Govt Stock 2063

5.62%

Bank Nifty Index June 2024 Future

4.79%

HDFC Bank Ltd

4.73%

Future on Reliance Industries Ltd

4.69%

Hdfc Bank Limited June 2024 Future

4.68%

Larsen & Toubro Ltd

4.02%

Shriram Finance Ltd. 8.75%

2.76%

India (Republic of)

2.76%

Tata Consultancy Services Ltd

2.52%

Fund Managers

  1. Devang Shah (Apr 2024 - Present)
  2. Hitesh Das (Jan 2023 - Present)
  3. Hardik Shah (Feb 2023 - Present)
  4. Mayank Hyanki (May 2024 - Present)

Key Information

View Scheme Document

Axis Equity Saver Fund Plan 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 Saver Fund Plan 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 Saver Fund Plan 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 Saver Fund Plan 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