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

INVEST VIA NRE/NRO

Axis Retirement Savings Fund - Conservative Plan Growth for NRI [14.99]

Min Investment

5,000

Fund Size

74.96 Cr

Expense Ratio

2.1%

Exit Load

0%

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

14.99

-0.10%

NAV as on 22 Jun 24, 12:00 AM

high risk

retirement

debt

NAV as on 22 Jun 24, 12:00 AM

high risk

retirement

debt

17.33%p.a.

Last 1Y

7.80%p.a.

Last 3Y

0.00%p.a.

Last 5Y

8.95%p.a.

Since Inception

About Axis Retirement Savings Fund - Conservative Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Retirement Savings Fund - Conservative Plan Growth scheme from Axis Asset Management Company Limited. It is a Retirement mutual fund scheme that predominantly invests in Retirement stocks of companies. Launched on Dec 2019, Axis Retirement Savings Fund - Conservative Plan Growth is Retirement fund of its category with 74.96 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Retirement funds.

  • Axis Retirement Savings Fund - Conservative Plan Growth delivered 17.3% annual returns during the last year. It has delivered 8.9% average annual returns since the fund was launched.
  • Axis Retirement Savings Fund - Conservative Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals. However, there can be no assurance that the investment objective of the Scheme will be achieved. To generate regular income through investments predominantly in debt and money market instruments and to generate long term capital appreciation by investing certain portion of the portfolio in equity and equity related securities. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.

Top 10 Holdings

7.18% Govt Stock 2037

31.04%

7.32% Govt Stock 2030

10.15%

7.3% Govt Stock 2053

6.84%

Power Finance Corporation Limited

5.60%

Reliance Industries Ltd

3.94%

Tata Consultancy Services Ltd

2.72%

Sun Pharmaceuticals Industries Ltd

2.63%

Mahindra & Mahindra Ltd

2.29%

Power Grid Corp Of India Ltd

2.29%

Hero MotoCorp Ltd

2.16%

Fund Managers

  1. Devang Shah (Apr 2024 - Present)
  2. Nitin Arora (May 2023 - Present)
  3. Hardik Shah (Apr 2024 - Present)
  4. Jayesh Sundar (Jan 2024 - Present)
  5. Krishnaa N (Mar 2024 - Present)

Key Information

View Scheme Document

Axis Retirement Savings Fund - Conservative Plan 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 Retirement Savings Fund - Conservative Plan 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 Retirement Savings Fund - Conservative Plan 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 Retirement Savings Fund - Conservative Plan 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