Axis Global Innovation Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV as on 30-11-2024
₹ 13.66
1D
Inception Returns
9.3%
/yr
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
- Axis Global Innovation Fund of Fund Direct Growth has ₹498 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Axis Global Innovation Fund of Fund Direct Growth has given a CAGR return of 9.30% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 26.72% and 7.62% respectively.
Holdings
Axis Global Innovation Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Derivatives, Communication, Consumer Cyclical, Industrial, Health, Financial Services, Utilities, Real Estate, Energy, Consumer Defensive, 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 benefitDividends 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 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.
Historical NAV & Returns
Axis Global Innovation Fund of Fund Direct Growth Overview
| Expense ratio | 0.86% |
Benchmark | MSCI ACWI NR LCL |
| AUM | ₹498 Cr |
| Inception Date | 28 May, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 84.63% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (30-Nov-24)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Schroder ISF Global Disruption XUSDAcc | 96.56% | -3.3% |
Axis Global Innovation Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹498 Cr
Expense Ratio 0.86%
Frequently Asked Questions for Axis Global Innovation Fund of Fund Direct Growth
Axis Global Innovation Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.26% | 1.26% |
6 Month Returns | 8.24% | 8.24% |
1 Year Returns | 26.72% | 26.72% |
3 Years Returns | 24.64% | 7.62% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Global Innovation Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Global Innovation Fund of Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Global Innovation Fund of Fund Direct Growth | 1.79 | 0.17 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Global Innovation Fund of Fund Direct Growth | 9.79 | 18.28 | - |