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

INVEST VIA NRE/NRO

Axis Ultra Short Term Fund Growth for NRI [13.73]

Min Investment

5,000

Fund Size

5,056.94 Cr

Expense Ratio

1.2%

Exit Load

0%

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

13.73

0.02%

NAV as on 20 Jun 24, 12:00 AM

moderate risk

ultra short duration

debt

NAV as on 20 Jun 24, 12:00 AM

moderate risk

ultra short duration

debt

6.72%p.a.

Last 1Y

5.22%p.a.

Last 3Y

5.26%p.a.

Last 5Y

5.63%p.a.

Since Inception

About Axis Ultra Short Term Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Ultra Short Term Fund Growth scheme from Axis Asset Management Company Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Sep 2018, Axis Ultra Short Term Fund Growth is Ultra Short Duration fund of its category with 5,056.94 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.

  • Axis Ultra Short Term Fund Growth delivered 6.7% annual returns during the last year. It has delivered 5.6% average annual returns since the fund was launched.
  • Axis Ultra Short Term 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

The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.

Top 10 Holdings

Bank of Baroda

5.62%

Bharti Telecom Limited

3.88%

Union Bank of India

3.70%

LIC Housing Finance Ltd

2.88%

Kotak Mahindra Bank Ltd.

2.80%

Larsen And Toubro Limited

2.42%

Embassy Office Parks Reit

1.93%

Yarrow Infrastructure Private Limited

1.83%

Kotak Mahindra Bank Ltd.

1.81%

08.29 KL Sdl 2025

1.67%

Fund Managers

  1. Aditya Pagaria (Sep 2018 - Present)
  2. Sachin Jain (Sep 2020 - Present)

Key Information

View Scheme Document

Axis Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term 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