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

INVEST VIA NRE/NRO

Axis Nifty IT Index Fund Growth for NRI [11.87]

Min Investment

100

Fund Size

104.49 Cr

Expense Ratio

1.0%

Exit Load

0.25%

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

11.87

0.75%

NAV as on 22 Jun 24, 12:00 AM

very high risk

index funds

equity

NAV as on 22 Jun 24, 12:00 AM

very high risk

index funds

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

9.32%p.a.

Since Inception

About Axis Nifty IT Index Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Nifty IT Index Fund Growth scheme from Axis Asset Management Company Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Jul 2023, Axis Nifty IT Index Fund Growth is Index Funds fund of its category with 104.49 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.

  • Axis Nifty IT Index Fund Growth delivered 0.0% annual returns during the last year. It has delivered 9.3% average annual returns since the fund was launched.
  • Axis Nifty IT Index 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 returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Top 10 Holdings

Infosys Ltd

26.81%

Tata Consultancy Services Ltd

25.08%

Tech Mahindra Ltd

10.44%

HCL Technologies Ltd

9.45%

Wipro Ltd

8.29%

LTIMindtree Ltd

5.79%

Persistent Systems Ltd

4.72%

Coforge Ltd

4.08%

Mphasis Ltd

2.54%

L&T Technology Services Ltd

1.65%

Fund Managers

  1. Kartik Kumar (Apr 2024 - Present)
  2. Hitesh Das (Jul 2023 - Present)

Key Information

View Scheme Document

Axis Nifty IT Index 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 Nifty IT Index 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 Nifty IT Index 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 Nifty IT Index 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