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

INVEST VIA NRE/NRO

Axis Multi Asset Allocation Fund Growth for NRI [36.67]

Min Investment

100

Fund Size

1,197.41 Cr

Expense Ratio

2.1%

Exit Load

1%

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

36.67

0.26%

NAV as on 20 Jun 24, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

multi asset allocation

equity

20.47%p.a.

Last 1Y

10.05%p.a.

Last 3Y

12.94%p.a.

Last 5Y

9.60%p.a.

Since Inception

About Axis Multi Asset Allocation Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Multi Asset Allocation Fund Growth scheme from Axis Asset Management Company Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Aug 2010, Axis Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 1,197.41 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • Axis Multi Asset Allocation Fund Growth delivered 20.5% annual returns during the last year. It has delivered 9.6% average annual returns since the fund was launched.
  • Axis Multi Asset Allocation Fund 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 Scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold Exchange Traded Funds.

Top 10 Holdings

Axis Gold ETF

8.75%

Axis Silver ETF

4.90%

ICICI Bank Ltd

4.29%

HDFC Bank Ltd

4.10%

Reliance Industries Ltd

2.94%

Tata Consultancy Services Ltd

2.47%

Larsen & Toubro Ltd

2.41%

State Bank of India

2.13%

7.25% Govt Stock 2063

2.11%

Blue Star Ltd

2.07%

Fund Managers

  1. Devang Shah (Apr 2024 - Present)
  2. Ashish Naik (Jun 2016 - Present)
  3. Hardik Shah (Apr 2024 - Present)
  4. Pratik Tibrewal (Apr 2023 - Present)
  5. Jayesh Sundar (Sep 2023 - Present)

Key Information

View Scheme Document

Axis Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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