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

INVEST VIA NRE/NRO

Axis Gilt Fund Growth for NRI [23.52]

Min Investment

5,000

Fund Size

401.91 Cr

Expense Ratio

0.8%

Exit Load

0%

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

23.52

0.13%

NAV as on 22 Jun 24, 12:00 AM

moderate risk

government bond

debt

NAV as on 22 Jun 24, 12:00 AM

moderate risk

government bond

debt

8.63%p.a.

Last 1Y

5.58%p.a.

Last 3Y

7.10%p.a.

Last 5Y

7.10%p.a.

Since Inception

About Axis Gilt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Gilt Fund Growth scheme from Axis Asset Management Company Limited. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Jan 2012, Axis Gilt Fund Growth is Government Bond fund of its category with 401.91 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • Axis Gilt Fund Growth delivered 8.6% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
  • Axis Gilt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.

Top 10 Holdings

7.18% Govt Stock 2033

23.38%

7.3% Govt Stock 2053

23.06%

7.18% Govt Stock 2037

16.26%

7.32% Govt Stock 2030

12.89%

7.26% Govt Stock 2033

7.15%

7.25% Govt Stock 2063

4.29%

Uttar Pradesh (Government of) 7.48%

4.27%

Maharashtra (Government of) 7.45%

3.08%

7.34% Govt Stock 2064

2.89%

7.39 CG Sdl 2033

0.67%

Fund Managers

  1. Devang Shah (Nov 2012 - Present)
  2. Sachin Jain (Feb 2023 - Present)

Key Information

View Scheme Document

Axis Gilt 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 Gilt 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 Gilt 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 Gilt 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