Axis Income Advantage Fund of Funds Direct Growth
NAV as on 25-04-2025
₹ 14.53
Inception Returns
7.4%
/yr
Historical NAV & Returns
About Axis Income Advantage Fund of Funds Direct Growth
Axis Income Advantage Fund of Funds Direct Growth is a hybrid fund. This fund was started on 28 January, 2020. The fund is managed by Hardik Shah, Devang Shah. This fund gives you the benefit of diversification.
Key Parameters
- Axis Income Advantage Fund of Funds Direct Growth has ₹170 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Income Advantage Fund of Funds Direct Growth has given a CAGR return of 7.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.10%, 7.89% and 7.36% respectively.
Holdings
Axis Income Advantage Fund of Funds Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Financial Services, Corporate, Basic Materials, Energy, Consumer Cyclical, Tech, Consumer Defensive, Industrial, Utilities, Health, Communication, Real Estate.
Taxation
As it is a fund of funds mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Axis Income Advantage Fund of Funds Direct Growth
To generate optimal returns over medium term by investing primarily in debt oriented mutual fund schemes.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Income Advantage Fund of Funds Direct Growth has no lock in period.
Axis Income Advantage Fund of Funds Direct Growth Overview
| Expense ratio | 0.23% |
Benchmark | Nifty Composite Debt Index TR INR |
| AUM | ₹170 Cr |
| Inception Date | 28 January, 2020 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 209.71% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (25-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 151.5 Cr as of Mar'25
- AUM increased by 8.9 Cr between Mar'25 and Feb'25
Top 3 Sectors in March were Government, Financial Services & Basic Materials
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 SBI Nifty 10 yr Benchmark G-Sec ETF | 3.29% | -51.7% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Axis Income Advantage Fund of Funds Direct Growth | 11.1% | 7.89% | 7.36% | 7.4% |
 ICICI Prudential Thematic Advantage Fund(FOF) Direct Plan Growth | 19.91% | 20.36% | 30.48% | 16.41% |
 Kotak Multi Asset Allocator Fund of Fund - Dynamic Direct Growth | 12.76% | 19.15% | 23.53% | 15.91% |
ICICI Prudential India Equity FOF Direct Growth | 12.6% | 20.75% | 30.82% | 24.31% |
Mutual Fund Insights
Axis Income Advantage Fund of Funds Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹170 Cr
Expense Ratio 0.23%
More funds from Axis
5Y CAGR
▲ 15.80
5Y CAGR
▲ 17.26
5Y CAGR
▲ 17.24
5Y CAGR
▲ 13.58
5Y CAGR
▲ 17.76
Frequently Asked Questions for Axis Income Advantage Fund of Funds Direct Growth
Axis Income Advantage Fund of Funds Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.02% | 2.02% |
6 Month Returns | 4.95% | 4.95% |
1 Year Returns | 11.1% | 11.1% |
3 Years Returns | 25.59% | 7.89% |
- 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.
AAA | 99.49 |
AA | 0.51 |