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

INVEST VIA NRE/NRO

Axis Value Fund Growth for NRI [17.12]

Min Investment

100

Fund Size

562.25 Cr

Expense Ratio

2.4%

Exit Load

1%

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

17.12

0.23%

NAV as on 20 Jun 24, 12:00 AM

very high risk

value

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

value

equity

48.61%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

19.60%p.a.

Since Inception

About Axis Value Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Axis Value Fund Growth scheme from Axis Asset Management Company Limited. It is a Value mutual fund scheme that predominantly invests in Value stocks of companies. Launched on Sep 2021, Axis Value Fund Growth is Value fund of its category with 562.25 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Value funds.

  • Axis Value Fund Growth delivered 48.6% annual returns during the last year. It has delivered 19.6% average annual returns since the fund was launched.
  • Axis Value 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

To generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

ICICI Bank Ltd

5.09%

Reliance Industries Ltd

4.51%

HDFC Bank Ltd

3.98%

Larsen & Toubro Ltd

3.19%

Mahindra & Mahindra Ltd

2.93%

Bharti Airtel Ltd

2.89%

State Bank of India

2.58%

NTPC Ltd

2.55%

Infosys Ltd

2.40%

Bharat Electronics Ltd

2.33%

Fund Managers

  1. Sachin Relekar (Apr 2024 - Present)
  2. Nitin Arora (May 2023 - Present)
  3. Krishnaa N (Mar 2024 - Present)

Key Information

View Scheme Document

Axis Value 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 Value 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 Value 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 Value 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