Axis Global Innovation Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV: ₹ 9.9 as on 31-05-2023
Fund Performance
371 people have invested ₹ 16.7L in Axis Global Innovation Fund of Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 44.91% return, outperforming Axis Global Innovation Fund of Fund Direct Growth by 33.35%
Axis Global Innovation Fund of Fund Direct Growth expense ratio is slightly on the lower side within the category (global - other). Its expense ratio is 1.16% which is lower than the category average expense ratio of 1.17%
Over the last 3 months, Axis Global Innovation Fund of Fund Direct Growth has experienced a 8.7% drop in AUM moving from 1.16K Cr to 1.06K Cr
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 Vinayak Jayanath. The fund could potentially beat inflation in the long-run.
Key parameters
1) Axis Global Innovation Fund of Fund Direct Growth has a NAV of ₹9.94 as on 31-05-2023.
2) Axis Global Innovation Fund of Fund Direct Growth has ₹1065 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
3) The fund has an expense ratio 1.16 %.
Axis Global Innovation Fund of Fund Direct Growth Overview
 | 1.16% |
 Benchmark | MSCI ACWI NR LCL |
 | ₹1065 Cr |
 | 28 May, 2021 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 10.21% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
85%
Mid cap
10.6%
Small cap
0.8%
Sector Allocation
Tech
38.7%
Industrial
14%
Consumer Cyclical
12%
Health
11.6%
Communication
7.9%
Financial Services
7.6%
Energy
3%
Basic Materials
2.1%
Real Estate
1.9%
Consumer Defensive
1%
Utilities
0.2%
Top Holdings of Axis Global Innovation Fund of Fund Direct Growth as on (31-May-23)
Debt Holdings2
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Schroder ISF Global Disruption XUSDAcc | 96.82% | -3.1% | |
Clearing Corporation Of India Ltd | 3.76% | 0% |
Peer Analysis
Axis Global Innovation Fund of Fund Direct Growth Fund Manager
Vinayak Jayanath
Fund Manager of Axis Global Innovation Fund of Fund Direct Growth, since 17 January 2023
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
Fund Allocations
This fund has an allocation of 96.4% in Equity, 0% in Debt and 3.6% in Cash related instruments
AUM size ₹1065 Cr
This fund has AUM of ₹1065 Cr which is more than its category average of ₹ 445 Cr
Expense Ratio 1.16%
This fund has an expense ratio of 1.16% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of Axis Global Innovation Fund of Fund Direct Growth is ₹9.94 as on 31-May-2023.
Existing (Absolute + CAGR) as on 31-May-2023.
Axis Global Innovation Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.96% | 4.96% |
6 Month Returns | 12.57% | 12.57% |
1 Year Returns | 11.56% | 11.56% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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1.16% as on May 2023
₹1065 Cr as on May 2023
Tech(37.33%), Industrial(13.53%), Consumer Cyclical(11.52%) as on May 2023
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 May 2023
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 May 2023
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 | - | - | - |
As on May 2023
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 | 21.3 | - | - |
As on May 2023
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.
Vinayak Jayanath is the fund manager of Axis Global Innovation Fund of Fund Direct Growth
The Exit load of Axis Global Innovation Fund of Fund Direct Growth is 1%