3 Year return

9.19%
Launched on May 2021 (3 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹566.66 Cr.

Expense Ratio

0.72% (inclusive of GST)

Exit Load

If redeemed / switched-out within 12 months - For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

Axis Mutual Fund Managers

HD

Hitesh Das

Fund Manager since Jun 2023

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Global Innovation Fund of Fund Direct Plan IDCW Payout

Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is an actively managed fund of funds that invests in a diversified portfolio of equity funds that invest in global innovation companies. It is a direct plan, i.e. there are no intermediaries. The fund is managed by Axis Mutual Fund. It is a direct plan, i.e. there are no intermediaries. It is an IDCW Payout scheme, which means that dividends are paid out regularly to the investors.

Investment Objective of the Scheme

The investment objective of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is to provide long-term capital appreciation by investing in a diversified portfolio of equity funds that invest in global innovation companies. These are companies that are developing new technologies and products that have the potential to disrupt existing industries. These companies are often more volatile than traditional companies, but they also have the potential to generate higher returns.

Key Features of The Fund

5-year return NA
Expense Ratio 0.72%
Fund Manager Hitesh Das
Fund Size ₹566.66 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is a good option for investors who are looking for long-term growth and are willing to take on high risk. This is because while new technology companies may have high growth potential, they are at a greater risk of falling apart due to mismanagement or market volatilities.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout Jun 13 2024 is 13.06

What is the AUM of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is 566.66 crore.

What is the expense ratio of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is 0.72%

What are the returns of Axis Global Innovation Fund of Fund Direct Plan IDCW Payout since inception?

The Axis Global Innovation Fund of Fund Direct Plan IDCW Payout was launched on May 10 2021. The fund has delivered a CAGR of 9.16 since inception.

What is the minimum SIP amount to invest in Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Global Innovation Fund of Fund Direct Plan IDCW Payout is 100.

How do I invest in Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Global Innovation Fund of Fund Direct Plan IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.