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

INVEST VIA NRE/NRO

Axis Strategic Bond Fund Growth for NRI [25.59]

Min Investment

100

Fund Size

1,936.08 Cr

Expense Ratio

1.1%

Exit Load

1%

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

25.59

0.02%

NAV as on 20 Jun 24, 12:00 AM

moderately high risk

medium duration

debt

NAV as on 20 Jun 24, 12:00 AM

moderately high risk

medium duration

debt

7.30%p.a.

Last 1Y

6.01%p.a.

Last 3Y

7.17%p.a.

Last 5Y

7.98%p.a.

Since Inception

About Axis Strategic Bond Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Strategic Bond Fund Growth scheme from Axis Asset Management Company Limited. It is a Medium Duration mutual fund scheme that predominantly invests in Medium Duration stocks of companies. Launched on Mar 2012, Axis Strategic Bond Fund Growth is Medium Duration fund of its category with 1,936.08 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Medium Duration funds.

  • Axis Strategic Bond Fund Growth delivered 7.3% annual returns during the last year. It has delivered 8.0% average annual returns since the fund was launched.
  • Axis Strategic Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

Top 10 Holdings

7.18% Govt Stock 2033

12.61%

7.23% Govt Stock 2039

3.42%

Nirma Limited

3.11%

7.18% Govt Stock 2037

2.93%

DLF Cyber City Developers Limited 8.4%

2.84%

Aadhar Housing Finance Ltd. 8.65%

2.84%

7.26% Govt Stock 2033

2.81%

Rajasthan (Government of ) 7.52%

2.62%

Mahanagar Telephone Nigam Limited

2.62%

Tata Projects Limited

2.54%

Fund Managers

  1. Devang Shah (Nov 2012 - Present)
  2. Sachin Jain (Feb 2023 - Present)
  3. Akhil Thakker (Feb 2023 - Present)

Key Information

View Scheme Document

Axis Strategic Bond 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 Strategic Bond 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 Strategic Bond 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 Strategic Bond 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