Axis Global Innovation Fund of Fund Direct Growth

Axis Global Innovation Fund of Fund Direct Growth

NAV as on 09-05-2025

₹ 13.66

1.3%

1D

Inception Returns

8.2%

/yr

Historical NAV & Returns

Absolute
zero opening, trading, fund transfer fee
486 people have invested ₹ 31.1L in Axis Global Innovation Fund of Fund Direct Growth in the last three months

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 ₹467 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 8.22% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 11.15% and 17.32% respectively.

Holdings

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

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.

Axis Global Innovation Fund of Fund Direct Growth Overview

Expense ratio0.86%
Benchmark
MSCI ACWI NR LCL
AUM₹467 Cr
Inception Date28 May, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
84.63%
STCGIf held for less than 24 months - slab rates.
LTCGIf held for more than 24 months - 12.5% without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (09-May-25)

Period
This Fund
Global - Other Index
1 Month
18.37%
-
3 Months
-7.07%
-
1 Year
11.15%
-
3 Years
17.32%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 95.9%

  • Debt & Cash 4.1%

Large cap
0.6%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Tech
40%
Communication
15.9%
Consumer Cyclical
13.3%
Health
11.3%
Industrial
10.1%
Financial Services
7.2%
Utilities
1.1%
Real Estate
1%
  • Debt & Cash

Holdings
Weight%
1M Change
Schroder ISF Global Innov XUSDAcc
Schroder ISF Global Innov XUSDAcc
97.38%
-0.3%
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Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
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 8.22% since inception which is more than its category average return of 8.16%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.88% in Equity, 0% in Debt and 4.12% in Cash related instruments
AUM size ₹467 Cr

AUM size ₹467 Cr

This fund has AUM of ₹467 Cr which is less than its category average of ₹ 575 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 1.4%
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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 ₹13.66 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Axis Global Innovation Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
18.37%
18.37%
6 Month Returns
0%
0%
1 Year Returns
11.15%
11.15%
3 Years Returns
61.47%
17.32%
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.
0.86% as on April 2025
₹467 Cr as on April 2025
Tech(38.72%), Communication(15.93%), Consumer Cyclical(12.38%) as on April 2025
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 April 2025
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 April 2025
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
0.13
0.41
-
As on April 2025
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
14.76
16.9
-
As on April 2025
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 0.63 as on April 2025. 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%