Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl

Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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Equity
Direct
Global - Other
NAV: ₹ 12.78 as on 10-06-2024

About the Fund

Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl has ₹567 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 Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 8.30% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 26.26% and 8.33% respectively.

Holdings

Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Tech, Derivatives, Communication, Industrial, Health, Consumer Cyclical, Financial Services, Energy, Utilities, Consumer Defensive, 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 Reinvestment Inc Dist cum Cap Wdrl

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 Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1 people have invested ₹ 200 in Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl in the last three months

Overview

Expense ratio
Expense ratio
0.72%
Benchmark
Benchmark
MSCI ACWI NR LCL
AUM
AUM
₹567 Cr
Inception Date
Inception Date
28 May, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
28.2%

Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Dec-69)

  • Equity 95.3%

  • Debt & Cash 4.7%

Size breakup

Large cap
83.4%
Mid cap
10.4%
Small cap
0.5%
Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
41.4%
Communication
13.8%
Health
12.3%
Industrial
12.2%
Consumer Cyclical
10.4%
Financial Services
5.5%
Real Estate
1.7%
Energy
1.5%
Utilities
0.7%
Basic Materials
0.3%
Consumer Defensive
0.2%

Top Holdings of Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (31-May-24)

  • Debt & Cash

Debt Holdings1
Holdings
Weight%
1M Change
Schroder ISF Global Disruption XUSDAcc
Schroder ISF Global Disruption XUSDAcc
97.57%
-3%

Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 8.3% since inception which is more than its category average return of 7.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.26% in Equity, 0% in Debt and 4.74% in Cash related instruments
AUM size ₹567 Cr

AUM size ₹567 Cr

This fund has AUM of ₹567 Cr which is more than its category average of ₹ 503 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 1.4%

Frequently Asked Questions

The current NAV of Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹12.78 as on 10-Jun-2024.
Existing (Absolute + CAGR) as on 10-Jun-2024.
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
2.82%
2.82%
6 Month Returns
18.84%
18.84%
1 Year Returns
26.26%
26.26%
3 Years Returns
27.15%
8.33%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.72% as on May 2024
₹567 Cr as on May 2024
Tech(39.74%), Communication(13.44%), Industrial(12.4%) as on May 2024
The alpha ratio for the Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
1.12
0.2
-
As on May 2024
The sharpe ratio for Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
15.72
18.34
-
As on May 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 0.28 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 1%