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

INVEST VIA NRE/NRO

Axis India Manufacturing Fund Growth for NRI [13.73]

Min Investment

500

Fund Size

5,193.03 Cr

Expense Ratio

1.8%

Exit Load

1%

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

13.73

-0.36%

NAV as on 22 Jun 24, 12:00 AM

very high risk

equity other

equity

NAV as on 22 Jun 24, 12:00 AM

very high risk

equity other

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

29.70%p.a.

Since Inception

About Axis India Manufacturing Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis India Manufacturing Fund Growth scheme from Axis Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Dec 2023, Axis India Manufacturing Fund Growth is Equity - Other fund of its category with 5,193.03 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.

  • Axis India Manufacturing Fund Growth delivered 0.0% annual returns during the last year. It has delivered 29.7% average annual returns since the fund was launched.
  • Axis India Manufacturing 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 provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

Mahindra & Mahindra Ltd

6.50%

Sun Pharmaceuticals Industries Ltd

4.58%

Reliance Industries Ltd

4.55%

Bharat Electronics Ltd

4.15%

Bajaj Auto Ltd

3.35%

Hindalco Industries Ltd

2.92%

Siemens Ltd

2.86%

Tata Motors Ltd

2.84%

Hindustan Aeronautics Ltd Ordinary Shares

2.68%

ABB India Ltd

2.38%

Fund Managers

  1. Shreyash Devalkar (Dec 2023 - Present)
  2. Nitin Arora (Dec 2023 - Present)

Key Information

View Scheme Document

Axis India Manufacturing 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 India Manufacturing 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 India Manufacturing 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 India Manufacturing 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