Axis Global Innovation Fund of Fund
Axis Mutual Fund · International FoF · Direct plan, growth option
NAV (₹), 1 Oct 2026
20.6900
1-day change
0.10%
1Y return
26.5%
3Y CAGR
27.8%
5Y CAGR
14.9%
Max drawdown, 5Y
−30.8%
NAV history month-end NAV, ₹ · 3 Jun 2021 to 1 Oct 2026
Returns vs International FoF median (49 schemes) and “Global / multi-region” median (15)
| Period | Scheme | Category median | Global / multi-region median |
|---|---|---|---|
| 1 month | 2.9% | -0.4% | 0.7% |
| 3 months | 6.4% | 1.0% | 3.1% |
| 6 months | 26.9% | 14.1% | 15.2% |
| Year to date | 22.9% | 17.5% | 14.4% |
| 1 year | 26.5% | 21.9% | 19.5% |
| 3 years (CAGR) | 27.8% | 25.1% | 23.1% |
| 5 years (CAGR) | 14.9% | 12.9% | 11.8% |
| 7 years (CAGR) | n/a | 15.1% | 13.8% |
| 10 years (CAGR) | n/a | 12.4% | 11.4% |
| Since first NAV (CAGR) | 14.6% | – | – |
“Global / multi-region” is MFIC's grouping of International FoF schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 21.2% | 11.9% |
| 3Y rolling median | 19.8% | 11.5% |
| 3Y rolling worst | 3.1% | -2.6% |
| 3Y periods positive | 100% | 99% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 13.5% | 9.9% |
| 5Y rolling worst | 12.3% | 2.5% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.0% | 17.2% |
| Sharpe ratio | 1.25 | 1.22 |
| Sortino ratio | 2.56 | 2.23 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −30.8% | −30.1% |
| Maximum drawdown, last 10Y | n/a | −34.8% |
| Maximum drawdown, last 5Y | −30.8% | −27.5% |
| Current drawdown | −0.7% | −4.8% |
| Recovery time of worst fall | 441 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.59% a year and the Direct plan's 0.85%, a gap of 0.74%; over the last 3 years the Direct plan returned 1.04 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹17,56,817.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Krishnaa N | Foreign Securities | 1 Mar 2024 |
Objective: To provide long term capital appreciation by predominantly investing in units of Schroder International Selection Fund Global innovation, an equity fund that aims to provide capital growth by investing companies worldwide which benefit from disruptive innovation and to 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. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Units / shares of Schroder International Selection Fund Global innovation - (95%-100%), Debt, Money market instruments and / or units of liquid schemes - (0%-5%)
Benchmark (tier 1): MSCI AC World Index (INR)
Exit load: If redeemed / switched-out within 12 months from the date of allotment - For 10% of investment: Nil For remaining investment: 1% w.e.f., 28/05/2021
Minimum application: ₹100
Allotment date: 28 May 2021
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.85% | 0.59% |
| AUM, whole scheme (₹ crore) | 927 | 328 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Month-ends above category median (3Y CAGR) | 89% | 54% median |
| Month-ends in category top quartile (3Y) | 11% | 15% median |
Official benchmark: MSCI AC World TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, International FoF Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 22.9% | n/a | – |
| 2025 | 20.9% | n/a | – |
| 2024 | 24.1% | n/a | – |
| 2023 | 29.7% | n/a | – |
| 2022 | -20.2% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,39,719 | 31.8% |
| 3 years | ₹3,60,000 | ₹5,30,868 | 26.9% |
| 5 years | ₹6,00,000 | ₹10,54,740 | 22.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Axis Mutual Fund
Category: International FoF
Plan / option: Direct · Growth
AMFI scheme code: 148954
ISIN: INF846K01Z20
First NAV in MFIC data: 3 Jun 2021
History: 5.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Aditya Birla Sun Life US Equity Passive FOF | International FoF | 0.94 | 33.3% |
| ICICI Prudential NASDAQ 100 Index Fund | Index Fund | 0.93 | 33.8% |
| Franklin U. S. Opportunities Equity Active Fund of Funds | International FoF | 0.93 | 25.3% |
| Kotak US Specific Equity Passive FOF | International FoF | 0.93 | 33.8% |
| Axis NASDAQ 100 US Specific Equity Passive FOF | International FoF | 0.93 | 32.8% |
| Invesco India - Invesco EQQQ Nasdaq-100 ETF Fund of Fund | International FoF | 0.92 | 33.4% |
Questions about Axis Global Innovation Fund of Fund
- What is the latest NAV of Axis Global Innovation Fund of Fund?
- The NAV of the Direct plan (growth option) was ₹20.6900 on 1 Oct 2026, as published by AMFI.
- Which category is Axis Global Innovation Fund of Fund in?
- It is classified as International FoF in AMFI's daily NAV file. MFIC compares it with 49 International FoF schemes (Direct plans).
- What returns has Axis Global Innovation Fund of Fund delivered?
- Over one year the NAV changed by 26.5%. The 3-year CAGR is 27.8% (category median 25.1%) and the 5-year CAGR is 14.9% (category median 12.9%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 19.8%, the lowest was 3.1%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Axis Global Innovation Fund of Fund's NAV?
- The largest peak-to-trough fall in its available history was 30.8%; within the last five years it was 30.8% (category median 27.5%).
- How volatile is Axis Global Innovation Fund of Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.0%, which is above the International FoF category median of 17.2%.
- What would a monthly SIP in Axis Global Innovation Fund of Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹10,54,740 on 1 Oct 2026, an annualised return (XIRR) of 22.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Axis Global Innovation Fund of Fund?
- The total expense ratio of the Direct plan is 0.85% a year, as disclosed to AMFI (median of International FoF Direct plans: 0.59%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Axis Global Innovation Fund of Fund?
- Assets under management of the whole scheme were ₹927 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Axis Global Innovation Fund of Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- How often has Axis Global Innovation Fund of Fund beaten its category?
- At 89% of the 28 month-ends compared over the last 10 years, its 3-year return was above the median of International FoF schemes (Direct plans); it was in the top quarter at 11% of them. A typical scheme would show about 50%.
- Who manages Axis Global Innovation Fund of Fund?
- According to its Scheme Summary Document, Axis Global Innovation Fund of Fund is managed by Krishnaa N (since 1 Mar 2024).
- What is the exit load of Axis Global Innovation Fund of Fund?
- As stated in its scheme documents: If redeemed / switched-out within 12 months from the date of allotment - For 10% of investment: Nil For remaining investment: 1% w.e.f., 28/05/2021 Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Axis Global Innovation Fund of Fund?
- The minimum application amount is ₹100. SIP details: SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00 . Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 26.5% and the Regular plan's by 25.5%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.