Axis Global Innovation Fund of Fund Direct Growth

Equity
Direct
Global - Other
Axis Global Innovation Fund of Fund Direct Growth

About the Fund

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 ₹568 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Axis Global Innovation Fund of Fund Direct Growth has given a CAGR return of 10.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 32.22% and 8.80% respectively.

Holdings

Axis Global Innovation Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Derivatives, Communication, Health, Industrial, Consumer Cyclical, Financial Services, Energy, Consumer Defensive, Utilities, Real Estate, 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.

Fund Performance
zero opening, trading, fund transfer fee
433 people have invested ₹ 24.4L in Axis Global Innovation Fund of Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.72%
Benchmark
MSCI ACWI NR LCL
AUM₹568 Cr
Inception Date28 May, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
28.2%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 96.7%

  • Debt & Cash 3.3%

Large cap
84.2%

Mid cap
10.2%

Small cap
1.1%

Sector Allocation

May'24

Apr'24

Mar'24

Tech
41.7%
Communication
14.1%
Industrial
13%
Health
12.2%
Consumer Cyclical
9.6%
Financial Services
5.2%
Energy
1.7%
Utilities
0.8%
Consumer Defensive
0.8%
Real Estate
0.6%
Basic Materials
0.3%

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Schroder ISF Global Disruption XUSDAcc
Schroder ISF Global Disruption XUSDAcc
97.74%
-3.5%

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 10% since inception which is more than its category average return of 8.77%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.73% in Equity, 0% in Debt and 3.27% in Cash related instruments
AUM size ₹568 Cr

AUM size ₹568 Cr

This fund has AUM of ₹568 Cr which is more than its category average of ₹ 517 Cr
Expense Ratio 0.72%

Expense Ratio 0.72%

This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.43%

Frequently Asked Questions

The current NAV of Axis Global Innovation Fund of Fund Direct Growth is ₹13.46 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
Axis Global Innovation Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.65%
5.65%
6 Month Returns
21.37%
21.37%
1 Year Returns
32.22%
32.22%
3 Years Returns
28.8%
8.8%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.72% as on June 2024
₹568 Cr as on June 2024
Tech(42.16%), Communication(13.9%), Health(11.23%) as on June 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 June 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 June 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
1.24
0.22
-
As on June 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
16.06
18.45
-
As on June 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 0.32 as on June 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%