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.
The Axis Global Equity Alpha Fund of Fund Regular Growth has an AUM of 1134.24 crores & has delivered CAGR of 14.81% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.63%. The minimum investment in Axis Global Equity Alpha Fund of Fund Regular Growth is Rs 100 and the minimum SIP is Rs 100.
As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.
The top holdings of the fund include Schroder ISF Global Eq Alp X1 Acc USD & Clearing Corporation Of India Ltd.
Some of the similar funds are Navi US Nasdaq100 FOF Regular Growth, DSP Global Innovation Overseas Equity Omni FoF Regular Growth, Axis Global Equity Alpha Fund of Fund Regular Growth, SBI US Specific Equity Active FoF Regular Growth, Axis Greater China Equity Fund of Fund Regular Growth. Axis Global Equity Alpha Fund of Fund Regular Growth has a sharpe ratio of 1.30 & a standard deviation of 11.46%.
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