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

INVEST VIA NRE/NRO

Axis NASDAQ 100 Fund of Fund Growth for NRI [17.66]

Min Investment

100

Fund Size

166.54 Cr

Expense Ratio

0.7%

Exit Load

1%

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

17.66

0.35%

NAV as on 19 Jun 24, 12:00 AM

very high risk

global other

fof

NAV as on 19 Jun 24, 12:00 AM

very high risk

global other

fof

33.87%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

35.59%p.a.

Since Inception

About Axis NASDAQ 100 Fund of Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis NASDAQ 100 Fund of Fund Growth scheme from Axis Asset Management Company Limited. It is a Global - Other mutual fund scheme that predominantly invests in Global - Other stocks of companies. Launched on Nov 2022, Axis NASDAQ 100 Fund of Fund Growth is Global - Other fund of its category with 166.54 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Global - Other funds.

  • Axis NASDAQ 100 Fund of Fund Growth delivered 33.9% annual returns during the last year. It has delivered 35.6% average annual returns since the fund was launched.
  • Axis NASDAQ 100 Fund of Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in fof

Fund Objective

Investment objective To replicate the performance of the Nasdaq 100 TRI by investing ETFs whose primary objective is to track/replicate the performance of the Nasdaq 100 TRI, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Top 1 Holdings

iShares NASDAQ 100 ETF USD Acc

97.79%

Fund Managers

  1. Krishnaa N (Mar 2024 - Present)

Key Information

View Scheme Document

Axis NASDAQ 100 Fund of 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 NASDAQ 100 Fund of 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 NASDAQ 100 Fund of 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 NASDAQ 100 Fund of 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