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

INVEST VIA NRE/NRO

Axis Overnight Fund Growth for NRI [1281.53]

Min Investment

500

Fund Size

7,800.28 Cr

Expense Ratio

0.1%

Exit Load

0%

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

1281.53

0.02%

NAV as on 22 Jun 24, 12:00 AM

low risk

overnight

liquid

NAV as on 22 Jun 24, 12:00 AM

low risk

overnight

liquid

6.80%p.a.

Last 1Y

5.41%p.a.

Last 3Y

4.76%p.a.

Last 5Y

4.78%p.a.

Since Inception

About Axis Overnight Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Overnight Fund Growth scheme from Axis Asset Management Company Limited. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Mar 2019, Axis Overnight Fund Growth is Overnight fund of its category with 7,800.28 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.

  • Axis Overnight Fund Growth delivered 6.8% annual returns during the last year. It has delivered 4.8% average annual returns since the fund was launched.
  • Axis Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in liquid

Fund Objective

The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Top 7 Holdings

Clearing Corporation Of India Ltd

93.72%

India (Republic of)

2.24%

182 DTB 06062024

1.44%

India (Republic of)

1.33%

India (Republic of)

1.06%

Net Receivables / (Payables)

0.17%

India (Republic of)

0.05%

Fund Managers

  1. Aditya Pagaria (Mar 2019 - Present)
  2. Sachin Jain (Nov 2021 - Present)

Key Information

View Scheme Document

Axis Overnight 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 Overnight 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 Overnight 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 Overnight 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