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


Axis Multicap Fund Growth for NRI [16.40]

Min Investment


Fund Size

5,473.59 Cr

Expense Ratio


Exit Load


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



NAV as on 20 Jun 24, 12:00 AM

very high risk

multi cap


NAV as on 20 Jun 24, 12:00 AM

very high risk

multi cap



Last 1Y


Last 3Y


Last 5Y


Since Inception

About Axis Multicap Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Multicap Fund Growth scheme from Axis Asset Management Company Limited. It is a Multi-Cap mutual fund scheme that predominantly invests in Multi-Cap stocks of companies. Launched on Dec 2021, Axis Multicap Fund Growth is Multi-Cap fund of its category with 5,473.59 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Multi-Cap funds.

  • Axis Multicap Fund Growth delivered 50.5% annual returns during the last year. It has delivered 18.9% average annual returns since the fund was launched.
  • Axis Multicap 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 by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

ICICI Bank Ltd


Blue Star Ltd


Brigade Enterprises Ltd


Mahindra & Mahindra Ltd


HDFC Bank Ltd


Cholamandalam Investment and Finance Co Ltd


Persistent Systems Ltd


Reliance Industries Ltd


Minda Corp Ltd


Fortis Healthcare Ltd


Fund Managers

  1. Shreyash Devalkar (Mar 2023 - Present)
  2. Sachin Jain (Dec 2021 - Present)
  3. Hitesh Das (May 2023 - Present)
  4. Nitin Arora (May 2023 - Present)

Key Information

View Scheme Document

Axis Multicap Fund Growth SIP Calculator

If invested


per month

For a period of

Investment of 0 could have been


0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Axis Multicap 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 Multicap 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 Multicap 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