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

INVEST VIA NRE/NRO

Axis Retirement Savings Fund - Dynamic Plan Growth for NRI [18.39]

Min Investment

5,000

Fund Size

346.79 Cr

Expense Ratio

2.4%

Exit Load

0%

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

18.39

0.11%

NAV as on 20 Jun 24, 12:00 AM

very high risk

retirement

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

retirement

equity

30.43%p.a.

Last 1Y

12.84%p.a.

Last 3Y

0.00%p.a.

Last 5Y

13.38%p.a.

Since Inception

About Axis Retirement Savings Fund - Dynamic Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Retirement Savings Fund - Dynamic 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 - Dynamic Plan Growth is Retirement fund of its category with 346.79 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 - Dynamic Plan Growth delivered 30.4% annual returns during the last year. It has delivered 13.4% average annual returns since the fund was launched.
  • Axis Retirement Savings Fund - Dynamic Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

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. The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset allocation. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.

Top 10 Holdings

ICICI Bank Ltd

6.04%

Reliance Industries Ltd

4.78%

HDFC Bank Ltd

3.64%

Torrent Power Ltd

3.39%

Pidilite Industries Ltd

3.01%

7.23% Govt Stock 2039

2.93%

7.32% Govt Stock 2030

2.92%

Tata Consultancy Services Ltd

2.88%

7.18% Govt Stock 2037

2.62%

Bajaj Finance Ltd

2.56%

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 - Dynamic 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 - Dynamic 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 - Dynamic 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 - Dynamic 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