Axis Global Equity Alpha Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV: ₹ 16.1 as on 30-04-2024
About the Fund
Axis Global Equity Alpha Fund of Fund Direct Growth is an equity fund. This fund was started on 24 September, 2020. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Global Equity Alpha Fund of Fund Direct Growth has ₹922 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 1.1.
Fund Performance
500 people have invested ₹ 33.2L in Axis Global Equity Alpha Fund of Fund Direct Growth in the last three months
Overview
 | 1.09% |
 Benchmark | MSCI World (Net Total Return) |
 | ₹922 Cr |
 | 24 September, 2020 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 28.27% |
Axis Global Equity Alpha Fund of Fund Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
86.2%
Mid cap
8%
Small cap
1.1%
Sector Allocation
Tech
28.6%
Financial Services
16.5%
Health
15.2%
Communication
14.4%
Consumer Cyclical
8.8%
Industrial
7.1%
Energy
5%
Consumer Defensive
4.5%
Top Holdings of Axis Global Equity Alpha Fund of Fund Direct Growth as on (30-Apr-24)
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Schroder ISF Global Eq Alp X1 Acc USD | 97.09% | -0.9% |
INDmoney Rank
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IND ranking is not available for this fund.
Pros
3Y returns in the top 25% of the category
Cons
No bad points found for this fund.
Peer Analysis
Axis Global Equity Alpha Fund of Fund Direct Growth 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 14.15% since inception which is more than its category average return of 6.93%
Fund Allocations
This fund has an allocation of 95.28% in Equity, 0% in Debt and 4.72% in Cash related instruments
AUM size ₹922 Cr
This fund has AUM of ₹922 Cr which is more than its category average of ₹ 511 Cr
Expense Ratio 1.09%
This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Axis Global Equity Alpha Fund of Fund Direct Growth is ₹16.1 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
Axis Global Equity Alpha Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.94% | -2.94% |
6 Month Returns | 20.29% | 20.29% |
1 Year Returns | 22.71% | 22.71% |
3 Years Returns | 29.97% | 9.13% |
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.
1.09% as on April 2024
₹922 Cr as on April 2024
Tech(27.21%), Financial Services(15.72%), Health(14.48%) as on April 2024
The alpha ratio for the Axis Global Equity Alpha Fund of Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Global Equity Alpha Fund of Fund Direct Growth | - | - | - |
As on April 2024
The alpha for Axis Global Equity Alpha Fund of Fund Direct Growth is calculated against MSCI World (Net Total Return). 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 Equity Alpha Fund of Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Global Equity Alpha Fund of Fund Direct Growth | - | - | - |
As on April 2024
The Beta for Axis Global Equity Alpha Fund of Fund Direct Growth is calculated with MSCI World (Net Total Return). 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 Equity Alpha 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 Equity Alpha Fund of Fund Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for Axis Global Equity Alpha Fund of Fund Direct Growth is calculated with MSCI World (Net Total Return). 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 Equity Alpha 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 Equity Alpha Fund of Fund Direct Growth | 12.76 | 13.55 | - |
As on April 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 Equity Alpha Fund of Fund Direct Growth is 1%