Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Equity
Direct
Global - Other
NAV: ₹ 11.99 as on 15-04-2024
Fund Performance
1 people have invested ₹ 100 in Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl in the last three months
About the 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 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
- Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹602 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.8.
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl Overview
 | 0.81% |
 Benchmark | MSCI ACWI NR LCL |
 | ₹602 Cr |
 | 28 May, 2021 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 28.2% |
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Dec-69)
Size breakup
Large cap
85.1%
Mid cap
10.5%
Sector Allocation
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-Mar-24)
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Schroder ISF Global Disruption XUSDAcc | 96.69% | -3.5% |
Peer Analysis
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 6.49% since inception which is less than its category average return of 6.74%
Fund Allocations
This fund has an allocation of 95.61% in Equity, 0% in Debt and 4.39% in Cash related instruments
AUM size ₹602 Cr
This fund has AUM of ₹602 Cr which is more than its category average of ₹ 494 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% 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 ₹11.99 as on 15-Apr-2024.
Existing (Absolute + CAGR) as on 15-Apr-2024.
Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | -1.07% | -1.07% |
6 Month Returns | 19.66% | 19.66% |
1 Year Returns | 25.55% | 25.55% |
3 Years Returns | 0% | 0% |
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.
0.81% as on March 2024
₹602 Cr as on March 2024
Tech(39.56%), Communication(13.17%), Health(11.72%) as on March 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 March 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 March 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 | 1.3 | - | - |
As on March 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 | 15.19 | - | - |
As on March 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.
The Exit load of Axis Global Innovation Fund of Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 1%