The Axis Global Equity Alpha Fund of Fund is an open-ended scheme that invests in the Schroder International Selection Fund Global Equity Alpha. Founded in 1804, Schroders is a British multinational asset management company with assets under management worth £525.8 billion ($700 billion). The new fund is open during 4–18 September 2020. Here are its details.
Click here to invest in Axis Global Equity Alpha Fund of Fund
Key features of this fund:
Given the fund’s global investment portfolio, it claims the following advantages.
- Exposure to growth opportunities given the portfolio’s global investments
- Reduced risk (developed markets are lower-risk)
- Better risk-adjusted returns (investing in multiple markets ideally balances isolated poor performances)
Investment objective
The fund aims to provide long-term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha. The underlying fund by Schroder is designed to provide capital growth by investing in equity and equity-related securities of global companies.
The Scheme may also invest a part of the corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time. There can be no assurance that the investment objective of the Scheme will be realized.
Asset allocation
The fund will invest 95% (or more) of its net capital in Schroder International Selection Fund Global Equity Alpha. The investment is subject to the availability and terms of the Schroder International Selection Fund Global Equity Alpha. Additionally, the scheme will also allocate up to 5% of its capital in securitized debt (excluding foreign securitized debt).
| Instruments | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Units / shares of Schroder International Selection Fund Global Equity Alpha | 95 | 100 | Medium to high |
| Debt, money market instruments and / or units of liquid schemes* | 0 | 5 | Low to medium |
Scheme details
| Name | Axis Global Equity Alpha Fund of Fund |
| Type | An open-ended fund of fund investing in Schroder International Selection Fund Global Equity Alpha |
| Category | Fund of fund |
| Investment objective | To provide long term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha |
| Benchmark | MSCI World (Net TR)** |
| Entry/Exit load | Entry load: Not applicable
Exit load:
SEBI vide its circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009 has decided that there shall be no Entry Load for all Mutual Fund schemes. |
| Fund manager |
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| Options | Growth and dividend |
| Plan | Regular and direct |
| Minimum application amount (during NFO) | Rs. 5,000 and in multiples of Re. 1 thereafter |
| Additional application amount | Rs. 100 and in multiples of Re. 1 thereafter |
**The MSCI World Index, is a global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It covers approximately 85% of the free float-adjusted market capitalization in each country and MSCI World benchmark does not offer exposure to emerging markets.
Riskometer
| This product is suitable for investors who are seeking*: | Riskometer |
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Investors understand that their principal will be at High Risk. |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Axis Asset Management Company Ltd. To read the entire document, click here.
Disclaimer
- RKSV Securities India Private Limited (ARN/Distributor - 107930; brand name Upstox) is the distributor of the mutual fund. Please consult your investment advisor before investing.
- Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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