3 Year return

8.55%
Launched on May 2021 (3 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹525.9 Cr.

Expense Ratio

0.75% (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

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

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 ₹313,387.24 Cr.
No. of Schemes 260
Setup Date January 2009

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 Reinvestment

The Axis Global Innovation Fund of Fund Direct Plan IDCW Reinvestment is a mutual fund offered by Axis Mutual Fund. It falls under the category of fund of funds, which means the fund manager invests in other mutual funds. This fund lays emphasis on global innovation funds. This fund is open-ended, allowing investors to buy and sell units on any business day. The expense ratio of the Axis Global Innovation Fund of Fund Direct Plan IDCW Reinvestment is lower than the category average. The fund comes with an IDCW Reinvestment option, which means the dividends are reinvested in the scheme to allow the fund to grow at a higher rate over time.

Investment Objective of the Scheme

The investment objective of the Axis Global Innovation Fund of Fund Direct Plan IDCW Reinvestment is to provide long-term capital appreciation by investing in a diversified portfolio of global innovation funds.

Key Features of The Fund

5-year return NA
Expense Ratio 0.75%
Fund Manager Hitesh Das
Fund Size ₹525.9 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Global Innovation Fund of Fund Direct Plan IDCW Reinvestment is suitable for investors looking for long-term capital growth and are willing to take on a higher level of risk. This fund is not suitable for those looking to earn a regular and stable income. It is also not for those uncomfortable with the volatility of the stock market. You should always do your own research before investing in any mutual fund.

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.

Invest With Confidence, Choose the Right SIP

Assess your risk tolerance through a straightforward questionnaire and craft a SIP plan that aligns perfectly with your financial aspirations. With a clear understanding of your risk appetite, you can make informed investment choices tailored to your unique circumstances. By striking the right balance, you'll pave the way for long-term financial stability and success. Use our SIP return calculator for aid.

FAQs

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

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 Reinvestment Oct 10 2024 is 13.47

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

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 Reinvestment is 525.9 crore.

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

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 Reinvestment is 0.75%

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

The Axis Global Innovation Fund of Fund Direct Plan IDCW Reinvestment was launched on May 10 2021. The fund has delivered a CAGR of 9.23 since inception.

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

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 Reinvestment is 100.

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

  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 Reinvestment?

  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 Reinvestment?

  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 Reinvestment?

  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.