Axis Global Innovation Fund of Fund Direct Growth

Axis Global Innovation Fund of Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 02-12-2024

₹ 13.79

1%

1D

Inception Returns

9.6%

/yr

About 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.

Key Parameters

  1. Axis Global Innovation Fund of Fund Direct Growth has ₹498 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Axis Global Innovation Fund of Fund Direct Growth has given a CAGR return of 9.57% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 28.52% and 8.89% respectively.

Holdings

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

Taxation

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis Global Innovation Fund of Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
433 people have invested ₹ 1.1Cr in Axis Global Innovation Fund of Fund Direct Growth in the last three months

Axis Global Innovation Fund of Fund Direct Growth Overview

Expense ratio0.86%
Benchmark
MSCI ACWI NR LCL
AUM₹498 Cr
Inception Date28 May, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
84.63%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Dec-24)

Period
Axis Global Innovation Fund of Fund Direct Growth
Global - Other Index
1M
4.1%
-
3M
4.5%
-
6M
10.1%
-
1Y
28.5%
-
3Y
8.9%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 95.8%

  • Debt & Cash 4.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Tech
41.1%
Communication
13.9%
Health
12.1%
Consumer Cyclical
11.5%
Industrial
11.4%
Financial Services
6.1%
Utilities
1.1%
Real Estate
1%
Energy
0.8%
Consumer Defensive
0.6%
Basic Materials
0.3%
  • Debt & Cash

Holdings
Weight%
1M Change
Schroder ISF Global Disruption XUSDAcc
Schroder ISF Global Disruption XUSDAcc
96.56%
-3.3%
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Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Axis Global Innovation Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.57% since inception which is more than its category average return of 8.92%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.76% in Equity, 0% in Debt and 4.24% in Cash related instruments
AUM size ₹498 Cr

AUM size ₹498 Cr

This fund has AUM of ₹498 Cr which is less than its category average of ₹ 521 Cr
Expense Ratio 0.86%

Expense Ratio 0.86%

This fund has an expense ratio of 0.86% which is less than its category average expense ratio of 1.44%

Frequently Asked Questions for Axis Global Innovation Fund of Fund Direct Growth

The current NAV of Axis Global Innovation Fund of Fund Direct Growth is ₹13.79 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Axis Global Innovation Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.08%
4.08%
6 Month Returns
10.06%
10.06%
1 Year Returns
28.52%
28.52%
3 Years Returns
29.12%
8.89%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.86% as on November 2024
₹498 Cr as on November 2024
Tech(39.62%), Communication(14.27%), Consumer Cyclical(11.79%) as on November 2024
The alpha ratio for the Axis Global Innovation Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Global Innovation Fund of Fund Direct Growth
-
-
-
As on November 2024
The alpha for Axis Global Innovation Fund of Fund Direct Growth is calculated against MSCI ACWI NR LCL. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Global Innovation Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Global Innovation Fund of Fund Direct Growth
-
-
-
As on November 2024
The Beta for Axis Global Innovation Fund of Fund Direct Growth is calculated with MSCI ACWI NR LCL. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Global Innovation Fund of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Global Innovation Fund of Fund Direct Growth
1.79
0.17
-
As on November 2024
The sharpe ratio for Axis Global Innovation Fund of Fund Direct Growth is calculated with MSCI ACWI NR LCL. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Global Innovation Fund of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Global Innovation Fund of Fund Direct Growth
9.79
18.28
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.24 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Axis Global Innovation Fund of Fund Direct Growth is 1%