The Axis Global Equity Alpha Fund of Fund is a unique investment vehicle. It is designed for those who want long-term growth through global diversification. If you’re ready to explore new markets and reduce your risk from just one country, this fund could be a great choice!
By primarily investing in the Schroder International Selection Fund Global Equity Alpha, this fund offers great exposure. It invests in equity and equity-related securities of companies around the world.
If you’re interested in expanding your investment horizon beyond the Indian securities market, Axis Global Equity Alpha Fund of Fund Direct Growth is worth exploring.
Let us take a look at the Axis Global Equity Alpha Fund of Fund performance in 2024.
- Fund Management and Objectives
- Performance and Returns
- Investment Allocation
- Key Metrics
- Risk and Volatility
- Taxation
- Minimum Investment and Lock-in Period
- How to Invest in Axis Mutual Funds
- Benefits of Investing in Axis Global Equity Alpha FoF – Direct Plan
- Conclusion
- FAQs| Axis Global Equity Alpha Fund of Fund
Fund Management and Objectives
The Axis Global Equity Alpha Fund of Fund is managed by Ms. Krishnaa N.
Founded on 24th Sep 2020, the fund invests primarily in the Schroder International Selection Fund Global Equity Alpha.
The Schroder International Selection Fund Global Equity Alpha is an actively managed mutual fund. It focuses on investing in stocks from companies around the world. The fund looks for companies that are undervalued but have great growth potential. The goal is to provide strong capital growth over time.
The Axis Global Equity Alpha Fund of Fund Direct Growth is ideal for long-term investors, diversification seekers, and those with a high-risk tolerance.
It primarily invests in equity and equity-related securities of companies worldwide. The fund may also invest a portion of its assets in debt, money market instruments, or liquid schemes to meet liquidity needs.
It measures performance against global equity benchmarks.
Performance and Returns
As of September 13, 2024, the Axis Alpha Fund of Fund NAV is ₹16.56 per unit. Over the last year, this fund has grown by 21.09%.
Here’s how the axis alpha global equity fund direct has performed over different periods:
- 1 Year: The fund has increased by 21.03%.
- 2 Years: The fund has grown by 19.35%.
- 3 Years: The fund has risen by 8.73%.
So, in simple terms, if you invested in this fund a year ago, your investment would have grown by about 21.09%. Over two years, it grew by 19.35%, and over three years, it increased by 8.73%.
The Axis Alpha Fund of Fund is a good option if you’re looking for global equity exposure with solid recent performance.
Ready to invest in the Axis Global Equity Alpha FoF? Start now with zero brokerage!
Investment Allocation
The fund is primarily allocated to international equities, with 97.06% invested in equity and the rest in cash and equivalents.
The Axis Global Equity Alpha Fund of Fund Direct Growth invests mainly in different types of assets.
The axis global equity alpha fund of fund portfolio includes:
- Derivatives
- Cash
- Sectors include technology, communication, financial services, health, consumer goods, industrials, and energy.
Its top holding is the Schroder ISF Global Equity Alpha X1 Acc USD.
- Top Holdings:
- Schroder International Selection Fund Global Alpha Class XI Accumulation USD: 97.06%
Key Metrics
Let’s explore the axis global equity alpha fund of fund performance.
As of September 13, 2024, the Axis Global Equity Alpha FoF Direct-Growth expense ratio is 0.84%, which is higher than the category average of 0.74%. Recently, the fund has delivered a return of 0.47%, with the potential to earn up to 0.78% extra returns with the direct plan.
The Axis Global Equity Alpha Fund of Fund Direct-Growth focuses on international equity investments and aims to provide steady returns by investing in global stocks.
The fund’s size is ₹848.51 Crore, representing 2.00% of the total investments in its category.
Risk and Volatility
The Axis Global Equity Alpha FoF Reg has a high risk rating due to its equity investments, which include global equities.
Mean Return: The fund has a mean return of 9.76%, which is significantly lower compared to the BSE 500 TRI’s return of 18.25%.
This indicates that while the fund has positive returns, it falls short of the broader market’s performance.
Standard Deviation: With a standard deviation of 13.68%, the fund experiences considerable fluctuation in returns, slightly higher than the BSE 500 TRI’s standard deviation of 12.99%.
This suggests more variability in the fund’s returns.
Sharpe Ratio: The fund’s Sharpe Ratio is 0.30, indicating that the returns are relatively low compared to the risk taken.
The Sharpe Ratio evaluates how well the fund compensates for the risk taken. A higher Sharpe Ratio indicates better returns for the risk.
Sortino Ratio: The Sortino Ratio of 0.47 measures the fund’s performance during market downturns, focusing on negative returns.
It shows that the fund performs poorly in times of negative returns, especially compared to the BSE 500 TRI’s ratio of 1.80.
These Risk Measures have been calculated on 31-Aug-2024 using calendar month returns for the last three years.
Taxation
For the Axis Global Equity Alpha Fund of Fund Direct Growth, the taxation rules are as follows:
- Short-Term Capital Gains (less than 1 year): Taxed at 15%.
- Long-Term Capital Gains (more than 1 year): Taxed at 10% without indexation benefit.
- Dividends: Taxed at slab rates. Gains up to Rs 1 lakh are exempt from tax if they are long-term.
Minimum Investment and Lock-in Period
You can start investing in the Axis Global Equity Alpha Fund of Fund Direct Growth with as little as INR 100, whether you choose a lump sum or set up a Systematic Investment Plan (SIP). Plus, there’s no lock-in period, so you’re free to access your money whenever you need it.
Invest in Axis Global Equity Alpha Fund of Fund Direct Growth via SIP or lump sum—open your free demat account now!
How to Invest in Axis Mutual Funds
You can invest in the axis global equity alpha fund of fund direct growth with Shoonya.
Shoonya offers a free demat account, zero brokerage trading, and advanced trading tools to support your investment journey.
Investing in Lump Sum Mutual Funds Through the Shoonya Web Platform
Here’s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:
- First, you must log in to your Shoonya account at trade.shoonya.com. From the “Orders” section, click on “MF order.”
- Explore the mutual fund you wish to invest in; in this case, axis global equity alpha fund of fund direct growth.
- Select “Fresh” for a new investment and enter the amount you would like to invest.
- Next, click on the “Purchase” button.
- A payment link will be sent to your registered email. Use the link to make the payment.
After payment, your mutual fund units will be allotted to your Demat account within T+2 days.
Note: You can only pay through your registered bank account with your Demat account.
Setting Up an SIP for Mutual Funds
If you prefer a Systematic Investment Plan (SIP) for Axis Global Equity Alpha FoF, you must follow these steps:
- First, you need to log in to your Shoonya account at trade.shoonya.com. Go to “Orders” and click on “XSIP.”
- Discover the mutual fund for which you want to set up an SIP. In this case, select the axis global equity alpha fund of fund direct growth.
- If this is your first SIP with Shoonya, you need to create a Mandate ID. Enter the mandate amount and the validity date (until you want to keep your SIP active).
- You must add the details, and you’ll receive a Mandate authentication link via email. Approval generally takes 24 hours.
Once your Mandate is approved, you can follow these steps to set up your SIP:
- Go to “XSIP,” enter the SIP amount, and select “Fresh” as the transaction type.
- Choose the date when the SIP will be debited directly from your registered bank.
- The approved Mandate ID will auto-reflect.
- Choose “Monthly” for monthly debits and specify the number of instalments (e.g., 24 instalments for a 2-year SIP).
This process is simple to follow.
Benefits of Investing in Axis Global Equity Alpha FoF – Direct Plan
The Axis Global Equity Alpha Fund of Fund – Direct Growth works with an aim to achieve long-term capital growth by diversifying across global markets. It offers flexibility, with no lock-in period, making it suitable for various investment strategies.
Why Invest?
- Global Reach: Investing around the world can help improve your returns and manage risks better over time.
- Diverse Investments: You get the benefit of spreading your money across various sectors and regions to find the best opportunities.
- Top Stocks: The fund focuses on a select group of 40-50 large, successful companies.
Investing globally with a diverse portfolio and expert guidance can lead to better returns and more opportunities.
Conclusion
The Axis Global Equity Alpha FoF – Direct Plan is an excellent choice for investors seeking global equity exposure with a focus on long-term growth. Its strong performance and professional management make it a compelling option for diversifying your portfolio globally.
FAQs| Axis Global Equity Alpha Fund of Fund
This mutual fund invests in international equities through Schroder International Selection Fund Global Equity Alpha.
As of 12-Sep-2024, the NAV is ₹17.22.
The fund is categorized under “Very High” risk.
Yes, for the Axis Global Equity Alpha FoF, long-term gains up to ₹1 lakh are exempt from taxation, while short-term gains are taxed at 15%
The Axis Global Equity Alpha Fund of Fund invests in the Schroder International Selection Fund to achieve long-term growth through global market diversification.
Alpha measures a fund’s excess return over its benchmark, showing the extra value added by the fund manager’s decisions.
Source: ValueResearch , Axismf
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.