NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹18.43
-0.05%
NAV as on 01 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 01 Dec 24, 12:00 AM
very high risk
equity other
equity
34.04%p.a.
Last 1Y
11.21%p.a.
Last 3Y
0.00%p.a.
Last 5Y
16.74%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the Axis Innovation Fund Growth scheme from Axis Asset Management Company Limited. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Dec 2020, Axis Innovation Fund Growth is Equity - Other fund of its category with 1,225.58 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
To generate long term capital appreciation by investing in equity & equity related securities of companies that are benefiting from innovative change (innovators, enablers, adaptors).
ICICI Bank Ltd
3.32%
Info Edge (India) Ltd
3.26%
Zomato Ltd
3.25%
Torrent Power Ltd
3.09%
HDFC Bank Ltd
2.88%
Linde India Ltd
2.77%
Siemens Ltd
2.56%
Dixon Technologies (India) Ltd
2.52%
Pidilite Industries Ltd
2.36%
Divi's Laboratories Ltd
2.26%
View Scheme Document
If invested
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
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
---|---|---|
Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.
Funds
3Y Return
very high risk | equity
26.1%
very high risk | equity
0.0%
very high risk | equity
22.2%