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Axis Global Equity Alpha Fund of Fund: NFO closes on 18 September 2020

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.

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:

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

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
  • Mr. Hitesh Das (for Foreign Securities)
  • Mr. R. Sivakumar (For Debt portion)
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
  • Capital appreciation over long-term.
  • Investment in Schroder International Selection Fund Global Equity Alpha, an equity fund that aims to provide capital growth by investing in equity and equity-related securities of companies worldwide.
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.

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