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 Innovation Fund of Fund Regular Growth has an AUM of 534.13 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.61%. The minimum investment in Axis Global Innovation 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 & Low respectively.
The top holdings of the fund include Schroder ISF Global Disruption XUSDAcc & Clearing Corporation Of India Ltd.
Some of the similar funds are Nippon India US Equity Opportunities Fund Regular Growth, Axis Global Innovation Fund of Fund Regular Growth, Mirae Asset S&P 500 Top 50 ETF Fund of Fund Regular Growth, Invesco India - Invesco EQQQ NASDAQ-100 ETF Fund of Fund Regular Growth, Aditya Birla Sun Life NASDAQ 100 FOF Regular Growth. Axis Global Innovation Fund of Fund Regular Growth has a sharpe ratio of 0.08 & a standard deviation of 18.52%.
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