Axis Global Innovation Fund of Fund Direct Growth

Axis Global Innovation Fund of Fund Direct Growth is an equity fund. This fund was started on 28 May, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Axis Global Innovation Fund of Fund Direct Growth has ₹519 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.9.
   

Axis Global Innovation Fund of Fund Direct Growth has given a CAGR return of 9.46% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.47% and 20.74% respectively.

Axis Global Innovation Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Derivatives, Communication, Consumer Cyclical, Health, Industrial, Financial Services, Utilities, Real Estate. Its top holdings are Schroder ISF Global Innov XUSDAcc

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To provide long term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha, a fund that aims to provide capital growth by investing in equity and equity related securities of companies worldwide. The Scheme may also invest a part of corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time.However, there can be no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Global Innovation Fund of Fund Direct Growth has no lock in period.