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

INVEST VIA NRE/NRO

Axis ELSS Tax Saver Fund Growth for NRI [90.32]

Min Investment

500

Fund Size

34,895.64 Cr

Expense Ratio

1.5%

Exit Load

0%

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

90.32

-0.64%

NAV as on 22 Jun 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 22 Jun 24, 12:00 AM

very high risk

elss (tax savings)

elss

26.66%p.a.

Last 1Y

10.93%p.a.

Last 3Y

14.90%p.a.

Last 5Y

16.01%p.a.

Since Inception

About Axis ELSS Tax Saver Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis ELSS Tax Saver Fund Growth scheme from Axis Asset Management Company Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2009, Axis ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 34,895.64 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Axis ELSS Tax Saver Fund Growth delivered 26.7% annual returns during the last year. It has delivered 16.0% average annual returns since the fund was launched.
  • Axis ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

HDFC Bank Ltd

5.96%

Tata Consultancy Services Ltd

5.75%

Torrent Power Ltd

5.64%

Avenue Supermarts Ltd

5.03%

Bajaj Finance Ltd

5.02%

Divi's Laboratories Ltd

3.21%

Pidilite Industries Ltd

3.09%

Nestle India Ltd

3.02%

Cholamandalam Investment and Finance Co Ltd

2.98%

Mahindra & Mahindra Ltd

2.91%

Fund Managers

  1. Shreyash Devalkar (Aug 2023 - Present)
  2. Ashish Naik (Aug 2023 - Present)

Key Information

View Scheme Document

Axis ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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